Laurene Powell Jobs is the widow of Apple co-founder Steve Jobs and a well-known businesswoman and philanthropist. She has become a notable figure in the technology industry and beyond due to her impressive net worth and successful career. We will look at her life, career, and net worth in this article.
|Name:||Laurene Powell Jobs|
|Salary:||$2 Billion +|
|Monthly Income:||$300 Million +|
|Date of Birth:||November 6, 1963|
|Height:||1.70m. (5’ 7”)|
|Weight:||68 Kg (149 lbs)|
Early Childhood and Education
Laurene Powell Jobs was born in West Milford, New Jersey on November 6, 1963. She was raised in a middle-class family and went to West Milford High School. She went to the University of Pennsylvania after high school to study economics and political science. She later earned an MBA from Stanford Graduate School of Business.
Powell Jobs worked for Merrill Lynch and Goldman Sachs after earning her MBA. She later founded and ran the natural foods company Terravera. She co-founded College Track, a non-profit organization that assists underserved high school students in preparing for college, in 1997. Since then, the organization has grown to include programs in nine states.
Powell Jobs’ most significant business venture, however, has been her Emerson Collective investments. Emerson Collective is an investment firm that focuses on environmental and social impact projects. The company has invested in a number of successful startups, including Airbnb, and is also involved in education initiatives such as AltSchool, a network of private schools that uses technology to personalize learning.
What is Laurene Powell Jobs’ Net Worth?
Laurene Powell Jobs’ net worth is estimated to be $19 billion in 2023, making her one of the world’s wealthiest women. Her wealth is primarily derived from her investments in Apple and Disney, as well as through Emerson Collective. Her late husband, Steve Jobs, co-founder of Apple and member of Disney’s board of directors, left her these holdings.
Laurene inherited Steve’s entire stake in Apple and Disney. According to an SEC filing, she sold roughly half of her Disney stake, or 64.3 million shares, in 2017 for approximately $7 billion. Following the sale, she held approximately 4% of Disney’s total outstanding shares.
Disney is not required to report her transactions publicly because she is no longer above 5%. If she still owns the rest of her stake, those 74 million shares are worth $13 billion as of this writing. Every year, she receives approximately $120 million in cash dividends from Disney (technically, $60 million semi-annually).
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Laurene received 5.5 million shares of Apple when Steve died. That stake grew to 38.5 million shares after the stock split 7-1 in 2014. That stake increased to 154 million shares when the stock split 4-1 in August 2020.
154 million shares are worth $20 billion as of this writing. Those shares generate approximately $160 million in dividends per year (technically, $40 million per quarter). Laurene has received well over $1 billion in cash dividends over the years.
Powell Jobs is well-known for her philanthropic efforts and commitment to social issues. She has invested in education, immigration reform, and environmental causes through the Emerson Collective. She launched the Project XQ: Super School initiative in 2017, with the goal of rethinking and redesigning high schools for the twenty-first century. The initiative provided funding and assistance to schools in order for them to implement innovative programs and teaching methods.
Powell Jobs has also been an outspoken supporter of immigration reform. She co-founded the organization College Track in part to address the difficulties that undocumented students face. She has also backed the Dream Act, which gives undocumented immigrants who were brought to the United States as children a path to citizenship.
Powell Jobs is a political activist in addition to her philanthropic work. She is a staunch Democrat who has donated millions of dollars to political campaigns and organizations. In 2016, she established the political organization The Emerson Collective Action Fund, which supports candidates and organizations that share the group’s values.
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From 1991 until Steve Jobs’s death in 2011, Laurene Powell Jobs was married to Steve Jobs, the co-founder and former CEO of Apple. The couple shared three children. Powell Jobs has been involved in managing her husband’s estate and holdings in Apple and Disney since his death.
Powell Jobs is known for her private nature and has largely avoided the spotlight. She has, however, spoken publicly about her husband’s legacy and her own philanthropic work on occasion.
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