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Thread: Is Linus rich?

  1. #1
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    Is Linus rich?

    Is Linus rich? I was just wondering if all his hard work paid off monetarily. I had always wondered this and decided to ask.

  2. #2
    -grubby is offline Iced Almond Soy Ubuntu, No Foam
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    Re: Is Linus rich?

    I don't think so

  3. #3
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    Re: Is Linus rich?

    I dont mean rich rich, but like wealthier than normal.

    I mean how does he get money? What is his job?

  4. #4
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    Re: Is Linus rich?

    Quote Originally Posted by dracule View Post
    Is Linus rich? I was just wondering if all his hard work paid off monetarily. I had always wondered this and decided to ask.
    Red Hat and VA Linux, both leading developers of Linux-based software, presented Torvalds with stock options in gratitude for his creation.[8] In 1999, both companies went public and Torvalds' net worth shot up to roughly $20 million.[9][10]
    Yes.

    http://en.wikipedia.org/wiki/Linus_Torvalds#Later_years

  5. #5
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    Re: Is Linus rich?

    Quote Originally Posted by dracule View Post
    I dont mean rich rich, but like wealthier than normal.

    I mean how does he get money? What is his job?
    He is both.

    He is working for http://en.wikipedia.org/wiki/Linux_Foundation and lectures (he sells out when he lectures) and the stock mentioned above.

  6. #6
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    Re: Is Linus rich?

    Quote Originally Posted by LaRoza View Post
    He is both.

    He is working for http://en.wikipedia.org/wiki/Linux_Foundation and lectures (he sells out when he lectures) and the stock mentioned above.
    ah that explains it nicely.

  7. #7
    -grubby is offline Iced Almond Soy Ubuntu, No Foam
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    Re: Is Linus rich?

    Quote Originally Posted by nathangrubb View Post
    I don't think so
    nevermind

  8. #8
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    Re: Is Linus rich?

    Can I add that when he first recived the stock options there were worth a fairly small amount, I think VAlinux went up 600 or 700% on it's first day, and redhat didn't do badly either, I think it went from something like 5 to 35 points after the first day and rose at a pretty constant rate for a while(splitting 2 or 3 times), he was never exactly intrested in getting rich, he recived shares as a part of his contracts(or gifts, since I don't think he ever worked for VA), it's just that linux is so valuble that their price sky-rocketed like it did.
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