When John McAfee attempted to run for the White House in 2016, he invoked a mantra from Apple co-founder Steve Jobs in his campaign video. “Here’s to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes.”
McAfee, who committed suicide in a Spanish prison last week aged 75, “fitted each of these descriptions – and more”, says the Financial Times. The pioneer of antivirus software “built and lost a fortune”, later recasting himself as “a libertarian politician” and “a cryptocurrency hype man”. In 2017, he predicted that the price of bitcoin would reach $500,000 within three years.
“Paranoid, even bonkers”
Still, it was McAfee’s repeated brushes with the law in exotic locations that latterly came to define him, says The Independent. In between relatively calm domestic periods in the US – where he formed a yoga retreat, and indulged in aerotrekking (flying unlicensed microlights at low altitude) – he spent years as an international fugitive, embracing a life of “drugs, guns and sex”.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In 2012, McAfee was sought for questioning in connection with the murder of his neighbour in Belize (a crime he always denied). In 2019, officials in the Dominican Republic linked him with a yacht carrying “high-calibre weapons, ammunition and military-style gear”.
With McAfee, it was always hard to tell fact from fantasy. “I don’t want to be rude to the gentleman, but I believe he is extremely paranoid, even bonkers,” observed the prime minister of Belize. In August last year, McAfee told his social-media following that he had been detained in Norway mid-pandemic “for refusing to replace a lace thong with a more effective mask”, says The Times.
In October, he was arrested at Barcelona airport at the behest of the US; in time-honoured tradition, they got him for tax evasion. He killed himself last week just hours after Spanish courts approved his extradition.
McAfee once shocked a Wired magazine reporter by appearing to play Russian roulette during an interview. Violence, as he remarked, was always a lurking shadow. Born in 1945 on a US army base at Cinderford, Gloucestershire, he was a GI baby whose parents later moved to Salem, Virginia.
McAfee Sr, an alcoholic, regularly beat up his wife and son – eventually shooting himself when McAfee was 15. “Every day I wake with him,” McAfee told Wired. “Every relationship I have, he’s by my side…the negotiator of that mistrust.” After studying maths at Roanoke College, Salem, he took a series of jobs in the nascent tech industry.
Crystallising fear
The turning point in McAfee’s life came in 1986 when he was working as a computer programmer for Lockheed, says The Times. It took the form of the world’s first known PC virus, Brain. Gripped by the threat, he formed McAfee Associates from his home, aiming to detect and eliminate malicious software. The resulting product was the world’s first “all-in-one” virus scanner.
McAfee made a fortune “from spreading fear”, says The Times, crystalising it when McAfee listed on Nasdaq in 1992. Two years later, he sold out completely. By 2008, he was reported to be worth around $100m, but lost nearly everything during the financial crisis.
Drawn by his deep distrust of the state into the world of cryptocurrencies, he made a second fortune touting initial coin offerings – prompting a fraud investigation this year. He spent his final months conducting a “Free McAfee” campaign from his cell. But he was determined he wouldn’t end his days in a US jail. By taking his own life McAfee, as ever, had the final word. He died unconvicted of anything.
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
-
Vietnamese tycoon Truong My Lan on death row over the world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
-
Trump picks Scott Bessent to lead Treasury – will he succeed?Hedge fund manager Scott Bessent is an odd pick for Donald Trump’s Treasury secretary, but he is seen as the more reasonable and pragmatic of the candidates
-
Justin Sun: China’s revolutionary crypto visionaryJustin Sun, founder of the Tron blockchain and cryptocurrency made his fortune young from bitcoin trades. Now he wants to change the world
-
Rouble hits two-year low against the dollar – what does it mean for Russia's economy?New US sanctions have plunged the rouble to its lowest level since 2022. Why are investors spooked and how will this affect Putin's economy?
-
Why Gary Lineker's Match of the Day exit mattersFormer England captain Gary Lineker is stepping down from hosting the football programme Match of the Day, after 25 years.
-
Henry Keswick: the plutocrat who fell for ChinaProfile Henry Keswick, a scion of the Jardine Matheson trading company, rebuilt the firm's fortunes after the upheavals of the 1990s. He died aged 86.
-
Has Javier Milei succeeded in transforming Argentina's economy?Javier Milei won an election last year on an “anarcho-capitalist” platform, promising to take a chainsaw to the overbearing and bloated state. How’s it going?
-
Brazil booms – but why do investors remain wary?Brazil is booming, but you wouldn’t think so from looking at the stock market. What's behind the market paranoia?
