Who Owns Apple In 2022?

Name of Beneficial Owner Shares of Common Stock Beneficially Owned Percent of Common Stock Outstanding
The Vanguard Group 1,255,155,794 7.68%
BlackRock, Inc 1,057,340,486 6.47%
Berkshire Hathaway Inc. / Warren E. Buffett 907,559,761 5.56%
Tim Cook 3,279,726  
Art Levinson 4,590,710  

As of 2021, major Apple shareholders comprised Warren Buffet‘s Berkshire Hathaway with 5.96% of the company’s stock. Followed by other individual shareholders like Tim Cook, CEO of Apple with over 3.3 million shares, Artur Levinson, chairman of Apple, with over 4.5 million shares, and others. 

Does Steve Jobs still own Apple’s stocks?

Had Steve Jobs kept Apple’s IPO stocks until the end he’d probably be worth over a hundred billion dollars, considering that Apple in 2022 passed the $2.5 trillion valuations, Steve Jobs initially had an 11% stake in the company. Thus his stake would have been worth over $250 billion.

However, when he left the company – after he was ousted – he sold his Apple stocks. It was 1985. He used that money to buy Pixar. In 2006 Pixar got sold to Disney, and Steve Jobs got in exchange around an 8% stake in the company.

As shown in Walt Disney financials, Laurene Powell Jobs Trust still owned 7.8% of the company’s stocks in 2016, corresponding to 128,301,176 shares. As of 2018 that information is missing which tells us that Jobs’ wife sold part of those stocks.

Thus, going below the 5% shares ownership:


From Walt Disney Proxy Statement of 2016

What about Apple Inc.?

If we look back at Apple Inc. Ownership structure in 2011 when Steve Jobs left us, we can see how many stocks he owned at the time:


Those stocks which amounted to 5,546,451 consisted of 0.60% of the company (on a total of 921,043,522 shares at the time) which was held indirectly through a trust fund.

We don’t know how many stocks of Apple and Disney the trust run by Jobs’ wife owns. As the ownership has gone below the 5%, there is no obligation to file a report as a shareholder.

That is why Apple’s ownership you might not see Steve Jobs.

Does Steve Wozniak still own Apple’s stocks?

To understand Steve Wozniak’s position when it comes to money it is worth recounting what he said at the Nordic Business Forum in Sweden as reported by Investopedia:

When it shot up high, I said, ‘I don’t want to become one of those people that watches it, watches it, and cares about the number,'” Woz said. “I don’t want that kind of care in my life. Part of my happiness is not to have worries, so I sold it all — just got rid of it — except just enough to still experiment with.

In another interview for Fortune Wozniak said:

I do not invest. I don’t do that stuff. I didn’t want to be near money, because it could corrupt your values.

In a 2014 thread – after the movie “Jobs” came out – with a long comment on Google+  Steve Wozniak stressed a few points:

And when Jobs (in the movie, but really a board does this) denied stock to the early garage team (some not even shown) I’m surprised that they chose not to show me giving about $10M of my own stock to them because it was the right thing. And $10M was a lot in that time.

Referring to the fact that Jobs had denied stock options to one of the early Apple employees from day one. Steve Wozniak gave away $10 million of his stocks.

In short, as of now, Steve Wozniak’s net worth seems to be around $100 million. Thus, even if that is expressed in Apple’s stocks that are way less than 5% which is the amount required to be reported by law.

That is why you might not see Steve Wozniak among the Apple Inc. Investors.

What about the other investors?

Who owns now Apple? Apple Inc.’s top investors

As reported on Apple’s proxy statement for 2018 “5,087,056,000 shares of Apple’s common stock were issued and outstanding as of 2018.

Unless otherwise indicated, all persons named as beneficial owners of Apple’s common stock have sole voting power and sole investment power with respect to the shares indicated as beneficially owned.”


Apple’s mythical founders Steve Jobs and Wozniak are missing as they now own less than five percent of the company’s stocks.

The first two top investors for Apple are institutional investors:

  • The Vanguard Group
  • BlackRock, Inc.

The top five Apple individual investors are:

Art Levinson

Art Levinson is an American businessman and Chairman of Apple Inc. since 2011. He was addressed Chairman to replace Steve Jobs in 2011, after his death. 

Tim Cook

Apple’s CEO Tim Cook was the former COO (chief operating officer) under Steve Jobs. Graduating from Auburn University in 1982, Cook spent 12 years at IBM. He joined Apple in 1998 until he became CEO in 2011.

Bruce Sewell

Sewell is an Apple executive who joined the company from Intel Corporation in 2009. He announced his retirement in 2017 after eight years of leading the company’s legal and security efforts.

Al Gore

Former US Vice President Al Gore has been sitting on Apple’s board of directors since 2003. As reported at the time by Apple, “Al brings an incredible wealth of knowledge and wisdom to Apple from having helped run the largest organization in the world—the United States government—as a Congressman, Senator, and our 45th Vice President. Al is also an avid Mac user and does his own video editing in Final Cut Pro,” said Steve Jobs, Apple’s CEO. “Al is going to be a terrific Director and we’re excited and honored that he has chosen Apple as his first private sector board to serve on.

In February 2017 Al Gore sold part of its Apple stocks – more precisely he sold 215,437 stocks at $136.72 as reported to the SEC – which netted him over $29 million. According to the Apple proxy statement he still owns 112,064 shares which if he was going to sell at the current price – $215.36 – he could sell for over $24 million. 

Johny Sroujli

Johny Srouji is Apple’s senior vice president of Hardware Technologies, which now reports to CEO Tim Cook. He joined Apple in 2008 after working at Intel and IBM.

Apple’s KPIs


Apple Corporate Governance 

apple-corporate-governance apple-corporate-governance-1

Key takeaway

Apple Inc. had a troubled history where it changed ownership several times in the course of its history. When the company was going public Steve Jobs didn’t recognize ownership of some of the early employees.

That is why Steve Wozniak sold at a symbolic price of $10 million worth of stocks to those early employees. Thus, he became a minor shareholder in comparison to Steve Jobs.

When Jobs was ousted from the company in 1985, he sold his Apple shares and moved on to Pixar. When Pixar got acquired by Disney, Jobs got almost 8% of the company.

At his death, the shares went to its trust, now managed by his wife. Part of the stocks in Apple and Disney were liquidated below the 5%. Thus making it impossible to know exactly how many shares the Jobs Trust owns.

Now Apple Inc. is owned by two main institutional investors (Vanguard Group and BlackRock, Inc). While its major individual shareholders comprise people like Art Levinson, Tim Cook, Bruce Sewell, Al Gore, Johny Sroujli, and others.

Notice that former US Vice President, Al Gore, has been on Apple’s board of directors since 2003. Back in 2017, Al Gore sold part of his shares for over $29 million. Now he owns a remaining 112,064 shares that at today’s value are worth over $24 million. 


Apple has a traditional hierarchical structure with product-based grouping and some collaboration between divisions.
Apple can leverage a strong consumer brand and set of successful products as a strength. Yet the company is still too reliant on the iPhone as a primary revenue stream. Though Apple is working to open up new markets as an opportunity, it has to make sure to sustain its stores’ sales.


Apple has a business model that is broken down between products and services. Apple generated over $365 billion in revenues in 2021, of which $191.9 came from the iPhone sales, $35.2 came from Mac sales, $38.3 came from accessories and wearables (AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and accessories), $31.86 billion came from iPad sales, and $68.4 billion came from services.

Apple is a tech giant, and as such, it encompasses a set of value propositions that make Apple’s brand recognized, among consumers. The three fundamental value propositions of Apple’s brand leverage the “Think Different” motto; reliable tech devices for mass markets; and starting in 2019, Apple also started to emphasize more and more privacy to differentiate itself from other tech giants.

how much profit does apple make per iphone
It costs Apple $570 to make an iPhone 13 Pro, and the company sells it at a base price of $999 to $1499.

iPhone and iPad sales represented the main revenue drivers in 2021. Followed by the service business (which comprises the advertising business) and wearables/accessories, and Mac.

Apps in the Apple Store follow five primary business model patterns: the free model where the app might make money via paid ads. Freemium model where the app charges for premium features; subscription-based model, paid model, and paymium model, which is a mix of paid and freemium.

When looking at the Apple Business Model, it is easy to assume that it is solely a product company, which sells devices that are beautifully crafted. However, there would have been no success for the Mac without its OS operating system. There would not have been iPod success without iTunes. And no success for iPhones without the Apple Store. What’s next for Apple’s success?

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