Laurene Powell Jobs – $14 Billion Net Worth

venus yacht image

Laurene Powell Jobs is an American billionaire, businesswoman, and philanthropist. She is the widow of Steve Jobs, the co-founder of Apple. He died in 2011 and left his substantial Apple and Disney stock to his wife.

She is the owner and founder of the Emerson Collective, an investment, social impact, and philanthropic firm that she is using to put her vast fortune to work. She is the owner of the VENUS yacht.

NAMELAURENE POWELL JOBS
NET WORTH$14 Billion
SOURCE OF WEALTHApple and Disney stocks
BORN1963
COUNTRYUS
YACHTVENUS

Laurene Powell Jobs – NET WORTH

Jobs died of complications related to his previously treated islet-cell treatment for neuroendocrine pancreatic cancer.

After Jobs died in 2011, Powell-Jobs inherited the Steven P. Jobs Trust, which had a 7.3% stake in The Walt Disney Company which is worth $12.1 billion, and 38.5 million shares of Apple Inc. Powell-Jobs has a net worth of $14 billion.

She is the owner of the VENUS yacht, the vessel that Jobs conceptualized before his death. VENUS appears like a ship from the future with hard lines and reflective windows.

Jobs always knew there was a chance he would leave his wife with a half-finished yacht after his death, but it was something that he needed to pursue. “ I have to keep going on it. If I don’t, it’s an admission that I’m about to die,” he said about completing the fantastic $120 million vessel.

Powell-Jobs bought a minority stake in the parent companies of NBA’s Washington Wizards and the NHL’s Washington Capitals. She also bought into media enterprises, including The Atlantic magazine.

She is the owner of a $100 million complex in Malibu. She is expanding the grounds of the complex with purchases of the surrounding houses, which have a unique setting on Paradise Cove. 

She also has homes all over America. These include homes in California’s Silicon Valley, a horse ranch in Wellington, Florida, and a $16.5 million mansion in San Francisco.

PERSONAL

Powell-Jobs earned a BA in political science from the University of Pennsylvania School of Arts Sciences. She earned a BS degree in economics from Wharton School of the University of Pennsylvania in 1985. She received her MBA from Stanford in 1991, which was where she met her husband, Steve Jobs.

Powell-Jobs met her future husband when he gave a “View from the Top” lecture while she was a new MBA student at Stanford.

She snuck to the front of the lecture and struck up a conversation with Jobs, who was seated next to her. The pair went on to have dinner that night and were married a year and a half later.

The couple’s first child, Reed, was born in September 1991. Their daughter Erin was born in 1995, and Eve in 1998. Powell-Jobs is also stepmother to Lisa Brennan-Jobs, her husband’s daughter from a previous relationship.

BUSINESS

Before heading to business school, Powell-Jobs worked at Merril Lynch Asset Management and spent three years as a fixed income strategist at Golden Sachs

Powell-Jobs has also developed several business enterprises. She co-founded Terraverra, which is a natural foods company, and is on the board of directors for Achieve, which is creating online tools that help students study more effectively for standardized testing. 

PHILANTHROPY

Powell-Jobs is an active philanthropist with several charitable foundations, including College Track, which aims to improve the graduation rates of underserved students. The program is a major success, with five cities on a waitlist for a center. 

She launched a new project in 2015, XQ: The Super School Project. It is an initiative that aims to implement new plans in schools and inspire educators. Funding for the programs comes from Powell-Jobs’ Emerson Collective.

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