| Braeburn Capital Inc. | |
| Type: | Subsidiary |
| Industry: | Asset management Investment management |
| Founded: | in Reno, Nevada, United States |
| Location City: | Reno, Nevada |
| Location Country: | United States |
| Aum: | US$268.9 billion (2017) |
| Parent: | Apple Inc. |
| Website: | (Redirects to Apple) |
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.[1]
Apple created the company on October 3, 2005[2] 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 |
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]