Apple has made news after expressing an interest in purchasing Manchester United following the Glazers’ decision to sell the club.
Founded in 1976 by Steve Jobs, the California-based firm has grown to become the world’s largest by revenue, and they are now trying to utilize their vast fortune to present a prospective takeover proposal at Old Trafford.
Mirror Football explains Apple’s net worth, including how much revenue they generate and how its fortune compares to that of the Glazers and other potential bidders aiming to become the Red Devils’ new owners.
How much money does Apple have?
According to Macrotrends, Apple’s net worth as of November 23, 2022, is an unfathomable $2.389 trillion (£1.973 trillion).
Forbes said in January that Apple had become the first business worth $3 trillion (£2.473 trillion), though demand for iPhones and other products has subsequently slowed, bringing that figure slightly down.
Despite the fact that Manchester United is one of the most expensive teams in the world, Apple’s alleged £5.8 billion deal to take control at Old Trafford would barely impact their present resources, putting them in a good position to get things done.
How much money does Apple make?
Apple is by far the largest technology business on the earth, with an annual revenue of nearly £400 billion and goods sold all over the world.
Despite being formed 46 years ago, Apple’s technology has only grown to seismic proportions since the turn of the century. They have now risen to become the world’s second-largest manufacturer of mobile phones.
This has contributed to massive profits, which have reached $394 billion (£325 billion) in 2022 alone, a 7.79% rise from 2021.
Comparisons of net worth
While Apple’s net worth is £1.973 trillion, the Glazers are not even close, despite being one of the world’s wealthiest families. According to Forbes, their net worth was $4.7 billion (£3.9 billion) in 2015.
In the seven years following, that figure has changed, but Joel Glazer, Avram Glazer, and Bryan Glazer are all considered to be worth $1 billion (£824 million) each today.
Sir Jim Ratcliffe, who is worth £10.7 million, has also been mentioned, but it is thought that American parties will be the favorites to take over. Due to issues with Saudi money, the Premier League is unlikely to be less interested in Saudi Arabian investors, while Chinese investors’ interest in top-flight clubs has waned in recent years.