Jony Ive Net Worth – Former Apple Design Head

Jony Ive is an English designer, and the former senior vice president of industrial design and chief design officer at Apple Inc. Ive worked at Apple for more than two decades. His influence on the company’s products is undeniable, as he was instrumental in shaping the iconic look and feel of devices like the iMac, Power Mac G4 Cube, iPod, iPhone, iPad, MacBook, and others. 

Moreover, he was responsible for designing the UI (user interface) of iOS, as well as the architecture of Apple Park and Apple Stores. 

Sir Jonathan Ive is the recipient of the Fellowship of the Royal Academy of Engineering (FREng). In the United Kingdom, he has been appointed a Royal Designer for Industry (RDI), an Honorary Fellow of the Royal Academy of Engineering (HonFREng), and a Knight Commander of the Order of the British Empire (KBE). A 2004 BBC poll of cultural writers ranked Ive as the most influential person in British culture. In 2018, he was awarded the Hawking Fellowship of the Cambridge Union Society. 

This article will look into Jony Ive’s net worth, education, career, and more.

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Jony Ive Net Worth

Despite being a prominent figure, there is little to no information available on Jony Ive’s net worth. 

However, in 2011, it was publicly disclosed that Ive received a base salary of $30 million and a $25 million stock bonus. Shortly after, Apple stopped disclosing his compensation publicly, making him the only executive at the company to enjoy such privacy. In 2012, estimates placed Ive’s net worth at approximately £80 million. 

Then in 2019, the Sunday Times Rich List estimated Jony Ive’s net worth as around £192 million. In addition, Ive owns properties in San Francisco worth over millions of dollars. 

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Education

Born on 27 February 1967, Jony Ive was diagnosed with dyslexia in secondary school. Initially inspired by a teenage passion for cars, Ive considered pursuing car design after leaving school. However, after exploring car design courses in London, including one at the Royal College, he quickly changed his mind due to dissatisfaction.

Then, Ive chose to study industrial design at Newcastle Polytechnic instead, where he was introduced to Germanic design principles rooted in the Bauhaus movement. This philosophy would later influence his iconic design work at Apple. 

He graduated in 1989 with a first-class Bachelor of Arts in industrial design.

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Career

Jonathan Ive won the RSA Student Design Award in 1988 and 1989 during his time at Polytechnic. This achievement provided him with a stipend and travel expenses, allowing him to visit the U.S., where he met designers like Robert Brunner, who later influenced his connection to Apple.  

After returning to the UK, Ive briefly interned at Roberts Weaver Group. In 1990, he joined the London-based design firm Tangerine. There, he worked on various projects, but frustration with client rejections, particularly over a modern bathroom suite design for Ideal Standard, led him to consider leaving the firm. 

His work with Apple through Tangerine began during this period, contributing to “Project Juggernaut,” which paved the way for the PowerBook.

Ive formally joined Apple as a full-time employee in 1992, where he initially worked on the Newton MessagePad. His passion for design was reignited when Steve Jobs returned to Apple in 1996. Jobs and Ive developed a close working relationship, with Ive becoming senior vice president of industrial design in 1997. His work on the 1998 iMac, with its iconic translucent design, helped revolutionize Apple’s product line. Ive continued to lead the design team behind groundbreaking products like the iPod, iPhone, and iPad, shaping the company’s aesthetic and functional approach.

Throughout his career at Apple, Ive became known for his minimalist style and attention to detail. He was praised by Jobs as a “spiritual partner” and was the driving force behind several product innovations, including the first iPhone in 2007. Ive’s design philosophy, heavily influenced by Dieter Rams and the Bauhaus tradition, emphasized simplicity and functionality.

In 2019, Ive left Apple to start his own design firm, LoveFrom, working with brands like Ferrari and Airbnb.

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Latest Updates

Jony Ive has been quietly acquiring a significant amount of real estate in San Francisco’s Jackson Square. Since 2020, entities tied to Ive have purchased over $130 million worth of property, focusing on a block bordered by Columbus, Pacific, Jackson, and Montgomery streets. The acquisitions include several buildings, such as 809 and 831 Montgomery, which now house his creative collective, LoveFrom. The most recent purchase, in February 2024, was the Little Fox Theatre, bought for $60 million, a price much higher than its market value.

As of September 2024, Jony Ive is working with Sam Altman, the CEO of billion-dollar AI startup, OpenAI. The details are not publicly known at the moment, however, the project is bound to be big.  

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FREQUENTLY ASKED QUESTIONS

Does Jony Ive still design for Apple?

No, Jony Ive does not design for Apple anymore. He left the company in 2019 after working there for twenty-seven years. 

What did Jony Ive do before Apple?

After graduating in 1989, Jony Ive co-founded Tangerine, a London-based design consultancy. He joined Apple three years later, in 1992.

Who replaced Jony Ive?

After Jony Ive left, Evans Hankey, a long-time Apple executive and collaborator, assumed the role of Vice President of Industrial Design. Hankey left the company in 2022.