Mike Markkula Bio | Wiki
Mike Markkula is a well-known American electrical engineer, businessman, and investor. He was the first chairman, second CEO, and the original angel investor for Apple Computer, Inc. He owned 26% of Apple, equivalent to each of the shares owned by cofounders Steve Jobs and Steve Wozniak.
Mike Markkula Age
He was born in Los Angeles, California, in the United States on February 11, 1942. Markkula is 81 years old and celebrates his birthday every year on February 11.
Mike Markkula Height
He is a man of average stature. Markkula stands at a height of 5 ft 7 in ( approx. 1.7m ).
Mike Markkula Family
He was born in Los Angeles, California, in the United States to his devoted parents. Markkula holds American nationality. His great-grandfather, Isak Ferdinand Markkula, was born in Sievi, Finland. He is the son of Armas Clifford Markkula, Sr. and Katherine Rose Markkula. His first and last name are traditional Finnish names as Armas means “dear” or “beloved” in the Finnish language.
Mike Markkula Wife
He is married to his wife Linda Markkula. He and his wife Linda have also provided initial funding for the Center for Applied Ethics at Santa Clara University.
Mike Markkula Education
Upon graduating with his high school diploma, Markkula joined the University of Southern California. He earned his bachelor’s and master’s degree in electrical engineering.
Mike Markkula Steve Jobs | Steve Jobs Relationship
He was introduced to Steve Jobs and Steve Wozniak by Regis McKenna and venture capitalist Don Valentine while they were looking for funding. They needed the funds to manufacture the Apple II personal computer they had developed after having sold some units of their first computer, the Apple I.
Markkula took John Sculley’s side in a dispute with Jobs, causing Jobs to leave the company in 1985 selling his 20% shares for less than $100 Million. In 1996, Markkula retired from Apple after Jobs returned as interim CEO. Furthermore, he supported Jobs’ 1997 return and agreed to step down from Apple’s board.
Mike Markkula Organizations Founded
Upon his retirement from Apple in 1996, he worked in several organizations including Echelon Corporation, ACM Aviation, San Jose Jet Center, and Rana Creek Habitat Restoration. He was the chairman of the Markkula Center for Applied Ethics at Santa Clara University. From 2003 to 2009, he was also on the board of trustees of Santa Clara University.
Moreover, Markkula was an investor in Crowd Technologies, which applies the wisdom of crowds to stock market predictions. In addition, is an investor in Scotland-based LiveCode Ltd.
Mike Markkula House | Woodside | Caramel Valley Ranch
He owns a Ranch in Woodside, California which he was selling in August 2016 at $45 Million. The property spans 14,000 acres in Carmel Valley, about 85 miles south of Silicon Valley. It also has a 5,413-square-foot main house with a private landing strip, lake, riding arena, and two barns. The couple bought the home and surrounding acres for $8 million in 1982.
Apple Mike Markkula
He was introduced to Steve Jobs and Steve Wozniak by Regis McKenna and venture capitalist Don Valentine while they were looking for funding. They needed the funds to manufacture the Apple II personal computer they had developed after having sold some units of their first computer, the Apple I. He then provided Apple with funding of $91,000 personally in addition to securing a $250,000 line of credit from Bank of America.
Moreoverhis friend and coworker Michael Scott was the first president and CEO and then he took over from 1981 to 1983. He was to retire in 1984 but he was elected again as the chairman from 1985 to 1997. In addition, he took John Sculley’s side in a dispute with Jobs, causing the latter to leave the company in 1985. In addition, Steve Wozniak designed the first two Apple computers, credits Markkula for the success of Apple more than himself.
Mike Markkula Net Worth | Net Worth 2022 | Net Worth 2020
Markkula is a well-known American electrical engineer, businessman, and investor who worked for Fairchild Semiconductor and Intel before becoming chairman and CEO at Apple. From his work, he earned a decent fortune as he has a net worth of $1.2 Billion.
Why Did Mike Markkula Leave Apple
He first planned to retire in 1984 and he was then appointed again as chairman in 1985. He retired from Apple after Jobs returned as interim CEO in 1996.
Did Steve Jobs Fire Mike Markkula
No. He supported Jobs’ 1997 return and agreed to step down from Apple’s board. This was after Jobs returned as interim CEO in 1996.
How Much Is Mark Markkula Worth
He has earned a net worth of $1.2 Billion working worked for Fairchild Semiconductor and Intel before becoming chairman and CEO at Apple.