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.
Co-founder, Chairman and CEO, Apple. A revolutionary whose innovations helped craft or change four distinct industries (personal computers, animated films, music and digital publishing), Steve Jobs was an entrepreneur at heart, starting Apple in a garage and making it one of the world's most profitable firms.