Steve Jobs in 2010: $620 Million in Stocks, $1 in Salary

Despite being perhaps the most essential chief executive in the world, Steve Jobs famously accepts a $1 salary (not including comped personal expenses, of course). Compared to, say,  Gregory B. Maffei, the leader of Liberty Media Corp., whose total direct pre-tax compensation in 2009 was $87.1, Jobs' income is a pittance. But then, of course, there are the stock options.

As describing by Apple's recent filings ahead of its annual meeting in February...

In 2010, Apple's revenue grew 52% to $65.2 billion while Apple's net income grew 70% to about $14 billion. Its cash and cash equivalents in marketable securities rose by $17 billion to about $51 billion at the end of 2010. Apple's share price rose yet another 53% to $322.56 during calendar 2010. 

The filing showed that Steve Jobs holds some 5,546,451 shares in a trust. The shares in the same proxy materials from the year before were listed as 5,546,451, meaning his share count has not even gained. The end of 2009 share price of $210.73 gave Steve Jobs a value a year ago of $1,168,803,619.23. The 2010 end of year price of $322.56 gave Steve Jobs an end of 2010 balance of $1,789,063,234.56. All in, Steve Jobs saw total stock value growth of $620,259,615.33 for 2010.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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