Mike Markkula Net Worth is$1.2 Billion
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Profession: Venture capitalist, Investor

Date of Birth: 1942

Nicknames: Armas Clifford Markkula Jr.

Mike Markkula is an American entrepreneur who was an angel investor and second CEO of Apple Computer, Inc., providing early critical funding and managerial support and has a net worth $1.2 billion. Mike Markkula earned his net worth as an investor and entrepreneur. He received Bachelor of Science and Master of Science degrees in electrical engineering from the University of Southern California. He made millions on stock options he acquired as a marketing manager for Fairchild Semiconductor and Intel, and retired at 32. He is a legendary venture capitalist who provided early critical funding for Apple Computer. In 1976, Jobs along with two of his friends, Steve Wozniak and Ronald Wayne founded Apple and was eventually funded by A.C."Mike" Markkula Jr., a semi-retired Intel product manager and engineer. In 1977, he brought his business expertise and became a one-third owner of Apple and employee number 3. In the beginning, he considered Apple a temporary avocation and he promised his wife, that he would spend no more than four years at the start-up. But he soon discovered within himself a remarkable aptitude for the details needed to build a high technology company. Steve Wozniak credits Markkula for the success of Apple more than himself. He helped the new company obtain credit and venture capital, brought in Michael Scott as the first president and CEO, then took the job himself from 1981 to 1983. He wrote several early Apple II programs, served as a beta tester for Apple hardware and software. He is an investor in Crowd Technologies, a startup developing a web application called Piqqem that applies the wisdom of crowds to stock market predictions and he is also an investor in Scotland based RunRev. His work with Apple was recently featured in the documentary film Something Ventured which premiered in 2011. Mike Markkula was born on February 11, 1942. Other Apple insider's net worths: Steve Jobs Net Worth Steve Wozniak Net Worth
Armas Clifford "Mike" Markkula, Jr. (born February 11, 1942) is an American entrepreneur who was an angel investor and second CEO of Apple Computer, Inc., providing early critical funding and managerial support. He was introduced to Steve Jobs and Steve Wozniak when they were looking for funding to manufacture the Apple II personal computer they had developed, after having sold some units of the first version of this computer, the Apple I. With this guidance and funding, Apple ceased to be a partnership and was incorporated as a company.
Markkula received Bachelor of Science and Master of Science degrees in electrical engineering from the University of Southern California. He made millions on stock options he acquired as a marketing manager for Fairchild Semiconductor and Intel, and retired at 32.
He was lured out of retirement by Steve Jobs, who was referred to him by Regis McKenna and venture capitalist Don Valentine. Valentine-who after meeting the young, unkempt Jobs asked McKenna, "Why did you send me this renegade from the human race?"-was not interested in funding Apple, but mentioned Jobs' new company to Markkula. Jobs visited him and convinced Markkula of the market for the Apple II and personal computers in general. In 1977, Markkula brought his business expertise along with US$250,000 ($80,000 as an equity investment in the company and $170,000 as a loan) and became a one-third owner of Apple and employee number 3.
Wozniak, who helped create the first two Apple computers, credits Markkula for the success of Apple more than himself. He helped the new company obtain credit and venture capital, brought in Michael Scott as the first president and CEO, then took the job himself from 1981 to 1983 despite having promised his wife that he would only stay at Apple for four years, and that he would retire by 1984 Markkula served as chairman from 1985 until 1997, when a new board was formed after Jobs returned to the company. As chairman he approved Jef Ras

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Mike Markkula Latest News

Want to Create the Next Great Software Product? Don’t Try to Innovate

Galbraith, whose previous positions include director of developer relations at Palm and director of developer tools at Mozilla, held up the example of Mike Markkula, Apple’s first backer and its second CEO. “Because Mike understood the technology ...
Posted: November 26, 2014, 7:33 am

Frank Rose: Steve Jobs, In And Out of Exile At Apple

He had phoned Mike Markkula, Apple's original angel investor, and tried to set up a meeting at Markkula’s ranch in Carmel Valley, just over the mountains from Big Sur. He wanted to come down with his staff and tell Markkula what was really wrong with Apple.
Posted: October 7, 2011, 2:30 pm

Former Apple CEO John Sculley is working on a startup that he thinks could become bigger than Apple

And so the two of us went and we explained our different positions to the board, they ended up meeting with us individually, and at the end of it, the board said, we want the third cofounder, Mike Markkula, to go and do his own investigation, talk to the ...
Posted: August 10, 2017, 10:24 am

Original Apple co-owner selling Carmel Valley property for $45M

The owner, Mike Markkula, was employee No. 3 at Apple, behind Steve Jobs and Steve Wozniak, and is credited with providing crucial pathways to credit, capital and management skills when the company was just starting. In exchange, he became a one-third ...
Posted: August 18, 2016, 12:38 pm

Today in Apple history: Apple II gets its first disk drive

Apple’s first investor and (later) second CEO Mike Markkula recommended that Steve Wozniak build a disk drive for the Apple II. His correct rationale was that giving users an easier way to store and access program would make the computer far more ...
Posted: June 1, 2017, 6:04 am
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