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.
Reinventing Apple. Despite Pixar's success, NeXT, Inc. floundered in its attempts to sell its specialized operating system to mainstream America. Apple eventually bought the company in 1996 for $429 million. The following year, Jobs returned to his post as Apple's CEO. Just as Steve Jobs instigated Apple's success in the 1970s, he is credited with revitalizing the company in the 1990s.