April 22, 2025
Science

John McAfee: the story of the most scandalous millionaire in the world of technology

  • September 29, 2022
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If today antivirus can identify malware on your computer before the program is installed, you should thank John McAfee. McAfee was a very intelligent but very restless man

If today antivirus can identify malware on your computer before the program is installed, you should thank John McAfee. McAfee was a very intelligent but very restless man who lost touch with reality and tried to convince others of their delusions.

Today we are going to talk about this eccentric figure in the world of technology, who lived a crazy and controversial life worthy of becoming a documentary.

26.08.2022 at 10:54
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  • In 1987, John founded McAfee Associates.
  • In 1991, a report published by Forbes magazine stated that all 100 largest US companies used McAfee software in the season.

The companies paid only a small license fee, earning him $5 million a year in revenue. (the equivalent of over $10 million today if we count US inflation). And, like a good salesman, McAffee did not stop there and literally terrified.

  • In 1992, he promoted his product by creating a media panic about the Michelangelo virus, which was supposed to infect 5 million computers.

Once again, their sales strategy paid off and the company significantly increased the number of software licenses. (By the way, the virus in question infected fewer than 10,000 computers, which made a lot of people mad at McAfee for spreading “fake news,” a term that didn’t even exist at the time.)

  • Interestingly, that same year, McAfee Associates decided to go public. Overnight, the company he founded was worth $80 million and became one of the big names in the tech sector in the 90s.
  • In 1992, McAfee Associates decided to go public on the stock exchange. Overnight, the company he founded was worth $80 million and became one of the big names in the tech sector in the 90s.

For almost two decades, the company has remained among the giants of the software market, and McAfee has spent years showing off big money and credibility in the marketplace. After becoming a millionaire, McAfee gradually withdrew from running the company until he completely distanced himself in 1994.

  • In 2011, Intel acquired McAfee Associates for $7.7 billion, renaming the company Intel Security in 2014. McAfee sold his company and decided to sell all the shares associated with it.

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Source: Mundo Conectado

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