Apple Still Pays Co-Founder Steve Wozniak a Salary, a Shocking $50 a Week

Apple co-founder Steve Wozniak claims to be the only person to have drawn a paycheck since the company's inception.

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Apple Still Pays Co-Founder Steve Wozniak a Salary, a Shocking $50 a Week

Photo Credit: Woz.org

Steve Wozniak has a net worth of over $100 million

Highlights
  • Apple pays Steve Wozniak a weekly salary of $50
  • Woz doesn’t care about the monetary but the symbolic value of it
  • He claims to be the only person to draw a paycheck since founding

Apple co-founder Steve Wozniak left the company in 1985 but has been getting weekly paychecks till date, he revealed. Woz was recently on Guy Kawasaki's Remarkable People podcast where he spoke about Steve Jobs, Apple, and his paycheck, of only $50 (roughly Rs. 3,600) a week. He also claims to be the only person getting a paycheck since the start of the company.

“I'm still an Apple employee. The only person who's received a paycheck every week since we started the company. I get a small paycheck and, out of it, after whatever goes into the funds that companies have for saving your money... I think I get $50 a week or something into my bank account after taxes”, Woz shared. This amounts to $2,600 (roughly Rs. 1,85,000) a year which might seem pretty humble but rather than the monetary value, the symbolic value of the paycheck is what matters more.

Talking about the company he co-founded, Woz said that he always has strong feelings for it but because he's “just too outspoken and honest”, he cannot be on the inside of the company's operations. During the podcast, Woz shared that he feels money changes people so he's not bothered by it. He does not follow stocks and has never looked at his Apple stocks. It is well known that while he was working at Apple, he let Steve Jobs take care of the business side of things while he spent his time on software and hardware engineering.

But, he doesn't shy away from expressing his concerns with the company. When Apple decided to remove the headphone jack from its phones, Woz slammed the company for doing so. He also called the Apple Watch “not a compelling purchase”.

Rightfully so, Steve Wozniak does not need to run after money. Over the years, he has amassed a net worth of more than $100 million from his business ventures and stocks.

Listen to the full podcast here.

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Further reading: Apple, Steve Wozniak
Vineet Washington Vineet Washington writes about gaming, smartphones, audio devices, and new technologies for Gadgets 360, out of Delhi. Vineet is a Senior Sub-editor for Gadgets 360, and has frequently written about gaming on all platforms and new developments in the world of smartphones. In his free time, Vineet likes to play video games, make clay models, play the guitar, watch sketch-comedy, and anime. Vineet is available on vineetw@ndtv.com, so please send in your leads and tips. More
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