Since economic profit includes these extra opportunity costs, it will always be less than or equal to accounting profit. Lipsey (1975) uses the example of a firm sitting on an expensive plot worth $10,000 a month in rent which it bought for a mere $50 a hundred years before.
When Steve Jobs passed away in October 2011, most of his assets passed on to his wife, making her one of the 50 richest people in the world. Laurene Powell Jobs, 52, married the tech mogul in 1991 - ten years before the release of the first iPod - and now manages a $16.7bn fortune according to Forbes. She owns, among other things, two private jets, four real estate properties and shares of the Walt Disney Company and Apple, Business Insider reported.
If he had some place he wanted to be, the last place you wanted to be was between him and it, because you would have a footprint on your forehead!'. Wayne founded Apple Computer alongside 21-year-old Jobs and 25-year old Steve Wozniak on April 1, 1976. The three worked together at Atari. Not even two weeks later, Wayne relinquished his 10 per cent stock share of the company for just $800. Had he retained his company shares, they would be worth $35 billion today.