How Steve Jobs became a billionaire

Steve Jobs made billions in 1995—three years before the iMac hit shelves—after using an unexpected career roadblock to his advantage.

Transcript

00:00Steve Jobs didn't become a billionaire from Apple, but from a $10 million bet on a film company that became Pixar.

00:07After being ousted from Apple in 1985, Jobs bought George Lucas' computer graphics division.

00:13The company then became Pixar, and while Jobs' initial beginnings in the company were rocky,

00:18they later struck gold when it released its first major film, Toy Story.

00:22The company launched their IPO the same week Toy Story hit theaters,

00:26with stock prices rising to $39 a share and Jobs' net worth soaring to over $1 billion.

00:32He eventually rejoined Apple in 1997, but remained involved in Pixar.

00:37Disney fully acquired the company for about $7.4 billion in 2006, cementing Jobs' billionaire status.