 | |
| Company type | Subsidiary |
|---|---|
| Industry | Asset management Investment management |
| Founded | October 3, 2005 in Reno, Nevada, United States [1] |
| Headquarters | Reno, Nevada , United States |
| AUM | US$268.9 billion (2017) |
| Parent | Apple Inc. |
| Website | braeburncapital |
Braeburn Capital Inc. is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc. Its offices are located at 6900 S. McCarran Boulevard in Reno. [2]
Apple created the company on October 3, 2005 [1] to better manage its assets and to avoid certain California state taxes and taxes from other U.S. states totaling in millions of dollars. [3]
| Year | Value (billion USD) |
|---|---|
| 2005 | 8.3 |
| 2006 | 10.1 |
| 2007 | 18.45 |
| 2008 | 24.49 |
| 2009 | 33.99 |
| 2010 | 51.01 |
| 2011 | 81.57 |
| 2012 | 121.25 |
| 2013 | 146.76 |
| 2014 | 155.24 |
| 2015 | 205.67 |
| 2016 | 237.59 |
| 2017 | 268.90 |
| 2018 | 237.10 |
| 2019 | 205.9 |
| 2020 | 191.8 |
| 2021 | 190.5 |
| 2022 | 48.3 |
| 2023 | 166.5 |
| 2024 | 162.5 |
| 2025 | |
In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes. [3]
The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc. [4]
Mick Mulvaney's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital. [5]
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