The ‘Steve Jobs loophole’ meant he could get an identical car every six months but after his passing in 2019 California prevented anyone from being able to do the same

Steve Jobs exploited a loophole in California that allowed him to drive his car without a license plate.

He kept doing it for years, and there was only one thing he had to do to take advantage of this weird anomaly.

For years, Jobs bought an identical car every six months.

California then changed the law, and no one has been able to do the same thing since.

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How California changed the law because of Steve Jobs

Steve Jobs was worth around $10 billion at the time of his death in 2011.

The tech mogul wasn’t particularly vain when it came to money, even though he obviously had a lot of it.

However, there’s one thing he spent money on – his daily driver.

For a very long time, Steve Jobs leased a brand-new black Porsche 911 every six months.

Years later, he switched cars and replaced his Porsche 911 with a Mercedes-Benz SL 55.

In both cases, he would replace the car with an identical one every six months because he didn’t want to be identified by the number plate on his car.

Back then, the state of California did not require new vehicles to have a license plate for up to six months, so that meant people could drive a car plate-free as long as they replaced it every six months.

Steve Jobs exploited this obscure loophole in the law to get away from the paps and that meant his car never had a number plate.

Unfortunately, for him and everyone else, California changed the law a few years later and this is no longer possible.

Even though it was never clearly explained, it’s actually entirely possible that California changed the law specifically because of Steve Jobs.

We’ll never know.

What do CEOs spend money on these days?

These days, top CEOs conduct themselves differently.

You’ve got Jeff Bezos and Elon Musk, both with a very high profile albeit for totally different reasons.

Jeff Bezos famously loves splashing cars on yachts.

He owns one of the largest sailing yachts in the world, and a shadow boat for this main yacht that cost $75 million.

By contrast, Elon Musk is relatively frugal when it comes to spending money, but he gets a lot of attention due his controversial use of social media.

Then you’ve got people like Tim Cook or Google’s Sundar Pichai, who seem to shy away from the limelight.

Mind you, there’s one thing they all have in common.

They all spend exorbitant amounts of money on private jets and personal security.