Apple Founder Steve Jobs Swapped Porsches Every 6 Months – Here's Why
Known best as the former CEO and co-founder of Apple Inc (NASDAQ:AAPL), Steve Jobs created some of the most visionary products of the past 30 years.
The late Apple co-founder also had some unique habits, including one that centered on his automobiles.
What Happened: Jobs is best remembered as a brilliant leader and tech visionary.
For several years, Jobs had a unique habit of switching to a new vehicle of the same model and color every six months.
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As Autoweek shared, the Apple co-founder bought a new car every six months for decades.
Jobs would buy a black Porsche 911 and replace it six months later with the same Porsche 911. Jobs did this for many years before switching over to the Mercedes-Benz SL55.
According to the report, Jobs did this because he hated license plates.
At one point, the state of California did not require new vehicles to have a license plate for up to six months. Therefore, Jobs would lease a new vehicle every six months and then switch to a new model—a move that wouldn’t require him to ever need a license plate.
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The Loophole Ended Years Later: What would become known as the “Steve Jobs Loophole,” was eventually ended in January 2019.
The state of California made the switch to temporary license plates required at the time of a new vehicle sale. Under the new rule, the temporary license plates had to be replaced with real license plates for the front and back of the vehicles in the state.
Before 2019, the period was also cut down to three months without license plates required, which came after Jobs’ death. So, we will never know if Jobs had made the move to have a new vehicle every three months before the loophole’s full end.
Jobs served as the CEO of Apple from 1997 until 2011, when he stepped down in August and chose Tim Cook to replace him. The move came two months before Jobs's death.
During his time at the helm of Apple, Jobs was known for many things, including the introduction of the iPhone — one of the most important products in the company's history.
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This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.
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This article Apple Founder Steve Jobs Swapped Porsches Every 6 Months – Here's Why originally appeared on Benzinga.com