(SAN FRANCISCO) -- While Steve Jobs and Steve Wozniak are widely celebrated as the founders of the tech behemoth Apple Inc., Ronald Wayne was a little-known partner who once owned 10 percent of Apple Computer Company. That is, before Wayne sold his share for $800, when the company was eleven days old.
Today, Apple Inc. has a market capitalization of about $350 billion, and Wayne’s share could have been worth over $2 billion, according to Sotheby’s, which is auctioning the founding documents of Apple Computer on Dec. 13. The auctioneer estimates the documents are worth $100,000 to $150,000.
Wayne, who later received $1,500 more, was a “father figure” to Jobs while they worked at the game company Atari, according to Walter Isaacson’s biography of Jobs. Jobs reportedly brought Wayne, now 77, to Apple to be a tie-breaker when he and Wozniak disagreed.
Sotheby’s declined to provide details on the previous owners of the documents but noted they were acquired through University Archives after belonging to Wayne.
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