Steve Jobs Didn’t Become a Billionaire Thanks to Apple. He Got Rich From a Company He Bought From George Lucas

On February 3, 1986, Steve Jobs bought Lucasfilm’s computer graphics unit from George Lucas for $10 million and renamed it Pixar, taking roughly a 70% stake. Pixar’s November 29, 1995 IPO priced shares at $22 and made Jobs a billionaire years before his 1997 return to Apple, and Disney later acquired Pixar in 2006 for $7.4 billion in an all-stock deal. Steve Jobs’ first billion-dollar payoff didn’t come from Cupertino. It started on 2/3/1986, when he bought Lucasfilm’s computer graphics division from George Lucas for $5 million, put in another $5 million to fund it, and renamed the operation Pixar while taking roughly a 70% stake.

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