In 1990, he sold a contract for a mere 500 dollars, which later, in 2011, fetched 15.9 lakh dollars in an auction.

Apple stands as one of the world’s wealthiest companies, boasting a market cap of approximately 2.9 trillion dollars, making it the largest company in terms of market capitalization globally. A mere one percent stake in the company would currently amount to 29 billion dollars. Ronald Wayne, one of the company’s three co-founders, once held 10 percent of the company’s shares. Regrettably, he sold these shares for a paltry 800 dollars (equivalent to Rs 65600 in today’s currency).

Steve Wozniak, Steve Jobs, and Ronald Wayne jointly founded Apple. At the time of Apple’s inception, Wayne was 42 years old, while his co-founders were in their twenties. He was assigned responsibilities in mechanical engineering and documentation and received a 10 percent stake in the company. Wayne played a pivotal role in creating the first agreement and designing the company’s logo, which initially featured a picture of Isaac Newton under an apple tree.

Steve Jobs borrowed 15000 dollars to fulfill the first contract with The Byte Shop, which was notorious for delayed payments to vendors. Wayne doubted whether Jobs would ever recoup his money.

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While Wayne possessed various assets, his fellow co-founders had nothing to lose. Fearful of potential financial troubles should the company fail, he decided to withdraw his name from the contract and sold his stakes for a mere 800 dollars. Little did he know that if he had held onto those shares, he would have possessed 290 billion dollars, making him the wealthiest person on the planet.

However, Wayne expressed no regrets about his decision in an interview, stating that Apple wasn’t the right fit for him. He believed that had he stayed, he would have spent the next 20 years handling documentation.

In 1990, the contract was sold for just 500 dollars, and in 2011, it fetched 15.9 lakh dollars in an auction.