This is how Steve Wozniak, the co-founder of Apple who “does not want to have wealth nearby” manages his money

Steve Wozniak is one of those vital figures of the technological revolution that has led us to today, although his figure was often underhanded.

Wozniak, founder of Apple, has dedicated himself since his final departure from the company to philanthropy and defense of the network, while also creating his own business initiatives with such ambitious goals as combating space debris.

The so-called brain of the initial stage and the takeoff of Apple, has always stood out for having a certain approach contrary to what could be expected from a person who has created one of the companies with the highest valuation today. ‘Woz’ has an estimated net worth of $120 million, well below that of other co-founders. And it may be that part is due to the fact that he has never had an investment vocation.

As he explained in an interview a few years ago in Fortune, he prefers “to have wealth far away” because he believes that “there is a great risk that it will corrupt our values.”

Invest even if you don’t like investing

Even so, Wozniak has assured several times that he does invest his money in companies in which he believes: Perhaps this is why Wozniak has participated in the online reality show Unicorn Hunters, where companies were sought to provide financing.

Wozniak’s goal is not “to make a lot of money,” he says. It is more about supporting companies and .

“Throughout the year, I am asked a dozen times a day to join other companies and startups. Fortunately or unfortunately, I don’t have time for all of them,” in another interview with CNBC.

In valuing a company, Wozniak says he only looks at one question: “Does this technology have a chance, from a mathematical, scientific and engineering standpoint, to be developed at a reasonable cost?”

Skeptical of cryptocurrencies, despite “playing” with them

It always helps to be skeptical as an investor, says Wozniak. Most sales pitches only highlight the best possible results for a product or company.

“I also try to think about: Does this technology already exist? Does it have worthwhile alternatives? Does it really save people as much as it says it does?” he wonders.

A similar opinion is the one he has with cryptocurrencies. Wozniak says that he is “very skeptical” of most cryptocurrencies, and that investing in them is often “too risky” for the average citizen.

The Apple co-founder says he sees “a lot of opportunity for scammers” who are using the hype around cryptocurrencies, and the complicated and volatile nature of digital currency, to take advantage of uninformed investors. “I only look for cryptocurrencies that are based on something that can be visualized and seen, like a company’s stock, and that have already been successful,” he says.

In this sense, Wozniak is currently involved in two cryptocurrency projects. One is from Efforce, a blockchain project that funds energy efficiency companies, which Wozniak helped launch in 2020.

Wozniak also promotes a cryptocurrency called Unicoin. The token helps fund startups that are introduced to investors in the program, and pays dividends based on the success of those startups.

Wozniak says that he has “played” with many other cryptocurrencies. Even so, he says, he quickly sold off most of his cryptocurrency investments. “I only kept one bitcoin, because I’m scared,” he says. “I don’t want to be following it up and down, up and down, like stocks every day. That’s not my life…I appreciate things that are stable and predictable a lot more.”