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Money Winners of 2007: Steve Jobs continues to innovate and impress

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Apple head Steve Jobs Look no further for the biggest Money Winner of the year ... why, it's Apple's (NASDAQ: AAPL) Steve Jobs of course, recently named the number-one most powerful businessperson by Fortune magazine. Take that, Mr. Gates!

In 2007, the man with the scruffy facial hair and the omnipresent black turtleneck celebrated the 30th year of Apple, which was incorporated in 1977, and his tenth year since returning to the firm after a hiatus of nearly ten years. It was a banner year for multiple reasons including, but not limited to:

  • The changing of the corporate name from "Apple Computer" to "Apple Inc.," a better reflection on the company's broad-based business.
  • The launch of Apple TV, which can play video content downloaded from a computer onto a television. AAPL is expected to be able to unload between 1 million and 1.5 million devices during its first year of release. The 40 GB version currently retails at $299; the 160 GB is $399.
  • The wildly successful unveiling of the iPhone, which saw surging demand despite an initial price tag of nearly $600. Time magazine named the device the "Invention of the Year" and sales topped even the most aggressive estimates.
  • The debut of Leopard, a new operating system for Mac.

And this month, Jobs was inducted into the California Hall of Fame, joining such noteworthy inductees as Willie Mays, Ronald Reagan, and Walt Disney. Which reminds me ... Jobs also serves on the Board of Directors at Walt Disney (NYSE: DIS), a natural partnership given his prior leadership of the Pixar Animation Group, now part of DIS.

Jobs still draws an annual salary of $1 -- with plenty of perks -- but is rumored to be up for a raise. Even if Apple's board doesn't come through with such a deal (and let's be real ... even a 10,000% raise would be a pittance), Jobs is a serious winner in my book.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

Be sure to check out more Money Winners of 2007.

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Last updated: July 06, 2009: 02:51 AM

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