Steve Jobs' $4.6B in Disney shares go to trust

Steve Jobs' $4.6B in Disney shares go to trust
Highlights
  • Apple Inc. co-founder Steve Jobs' $4.6 billion worth of shares in The Walt Disney Co. are now in a trust run by his wife, Laurene Powell Jobs.
Apple Inc. co-founder Steve Jobs' $4.6 billion worth of shares in The Walt Disney Co. are now in a trust run by his wife, Laurene Powell Jobs.

That's according to a securities filing made on Wednesday.

Jobs acquired the 138 million shares when Disney bought his Pixar Animation Studios for $7.4 billion in 2006. With a 7.7 percent stake, Jobs' trust is Disney's largest single shareholder.

Jobs bought the fledgling computer imaging company from "Star Wars" creator George Lucas for a total investment of $10 million in 1986 and kept it going with his own money.

He later took Pixar public after the successful debut of "Toy Story" in 1995.

The creative executive behind the iPod, iPhone and iPad died last month at age 56 after battling pancreatic cancer.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

This holiday season, the tablet goes mainstream
Nokia Siemens to lay off 17,000 worldwide

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2022. All rights reserved.
Listen to the latest songs, only on JioSaavn.com