Steve Jobs sold 99.999% of Apple shares in 1997 worth $56 billion today

In 1997, Steve Jobs made a decision that would later prove to be a massive financial missed opportunity. When Apple acquired his company NeXT, he received 1.5 million Apple shares. However, Jobs sold 99.999% of these shares, keeping only one share, believing the stock wasn't going to rise. At the time, the shares he sold were worth approximately $22 million to $24 million.

Fast forward nearly three decades, and the value of those shares would have skyrocketed. According to reports, the shares Jobs sold would be worth nearly $56 billion today, equivalent to Rs 5 lakh crore. This staggering figure highlights the dramatic growth and success of Apple under Jobs' leadership, especially after his return to the company.

The decision to sell the majority of his shares was likely influenced by his perspective at the time. However, the long-term trajectory of Apple's stock has proven to be one of the most successful in history, making Jobs' sale a notable point of reflection in business and investment circles.