How much money did Ross Perot make from his NeXT investment?
Just watched the documentary on Steve Jobs and how it discussed that Ross Perot invested around $20 million into his next project. When it sold to Apple how much did he make off that investment?
1 Answer
This is only a calculated guess, but Mr. Perot's $20 million investment was worth 16% of the company at the outset. NeXT sold for $400 million to Apple. So assuming Ross kept the original investment and didn't have his shares diluted that would be $400 million x 16% = $64 million. Subtract his original investment and you get $44 million profit. It's a pretty big assumption that his shares were not diluted but he also could've gotten more in the course of his tenure on the board.