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Summary:

As in previous years, Apple (NSDQ: AAPL) CEO Steve Jobs’ salary this year was $1, but that doesn’t seem to be hindering his ability to amass…

Apple's Steve Jobs Announces New iPod Line-up

As in previous years, Apple (NSDQ: AAPL) CEO Steve Jobs’ salary this year was $1, but that doesn’t seem to be hindering his ability to amass serious wealth. Jobs is now worth at least a billion dollars in Apple stock alone, thanks to that company’s healthy gains in the stock market this year.

Jobs is commonly called eccentric, and his compensation package is no different. In 2009, Apple said in a filing with the SEC that it reimbursed Jobs $4,000 for company travel on his $90 million Gulfstream jet. He did not receive reimbursement for any other common items, such as personal security, AP reports. The Gulfstream was a bonus he received in 1999.

The $4,000 is a lot less than what he normally expenses. Last year, Apple reimbursed Jobs $871,000. But he also took off about six months to get a liver transplant.

It’s not the salary, or the reimbursements that pays the bills for Jobs. He holds 5.5 million shares of Apple’s stock, however, has not sold a single share since he rejoined the company in 1997. In fiscal 2009, Apple’s stock gained about 42 percent, and as of Wednesday when the stock closed at $202.10, Jobs’ holdings were worth about $1.1 billion. That’s easily overshadowed by his stake in The Walt Disney Co. (NYSE: DIS) As the largest single shareholder, his 7.4 percent is currently worth about $4.5 billion.

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  1. who cares? you cant take it with you (although he was able to buy himself a liver)

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  2. My love affair with Apple began when I got my MacBook Pro last year. After that I added an iPod Touch to my growing list of Apple products.

    Now that I’m officially a Mac what is apparent to me is that Apple just has a different way of doing things that is very un-commercial. Their clean and non salesy approach to doing business has a lot to do with their stock’s surge. That being said I’m happy that Jobs is able to benefit from their unique way of doing business. The 1 dollar thing just serves to reinforce what I’m talking about.

    Go Apple!

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  3. non-commercial? thats a good one. What do you call Apple’s extremely high prices? Say that they have good design but dont say they are non-salesy or non-commercial. They are a sales/marketing machine and spend tons of money on advertising, branding, PR and all the other things all companies spend money on. That is why you buy their products. They are so good at it that you do not even know you are being sold a laptop that looks a little cooler and costs double what a PC costs.

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  4. apple owes its massive successes to jobs. every company he’s run has turned out a huge success and people who give such great products as he does to the masses deserve a good amount of money. he works his ass off and asks for only expenses, which he has to pay out of his own wealth first, i might add. don’t confuse buying a liver with being sick enough on the MELD score to receive one. jobs is a great success, and maybe if you were 1% the person he is, you’d have better things to do than come on here and criticise the guy. get a life smithers

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  5. @ musetv87, Not every company he has run has been successful; look at NeXT Computer!

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  6. @altoph True but it WAS a technical success and the work done there was in large part the reason for the successful launch of Mac OS X.

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  7. @Jamie Poitra; True; they did have great technical successes, but their success happened only because Apple bought them out… NeXT would have NEVER stayed in business had Apple not bought them out.

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