Bloomberg Billionaires Index

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# 114 Laurene Powell Jobs $14.5B

Random fact: Sat in the first lady's box at 2012 State of the Union address.

Overview

Powell Jobs inherited her late husband Steve Jobs's stakes in Walt Disney and Apple. She has helped create commercial and charitable organizations, including natural foods maker Terravera and the Emerson Collective, which supports education and environmental reform, and owns stakes in sports teams the NBA Wizards and NHL Capitals.

As of :
Last change +$194M ( +1.4%)
YTD change -$1.64B ( -10.1%)
Biggest asset Cash
Country / Region United States
Age 58
Industry Media & Telecom
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Laurene Powell Jobs's net worth of $14.5B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Powell Jobs's fortune derives from previously held stakes in two publicly traded companies: Walt Disney and Apple. Powell Jobs controlled a 4% interest in Disney through family trusts, according to a Jan. 13, 2017, filing to the Securities and Exchange Commission. There's no on-going requirement for her stake to be disclosed and it's assumed that she has sold 10% of her shares annually since her last disclosure.

Her Apple stake was based on husband and company founder Steve Jobs's stake at the time of his death in 2011, as reported in Apple's February 2012 proxy statement, and assuming that she sold 10% of her shares annually. She was assumed to have sold all remaining shares in the company in 2021 based on Bloomberg's calculations.

The value of her cash investments reflects share sales, taxes, market performance, dividends and investments through her philanthropic organization, the Emerson Collective. These include stakes in Atlantic magazine and about 20 other companies, including Truphone, CrowdMed and virtual reality business Within, according to investor database Crunchbase. Powell Jobs has also made more than $2 billion in charitable donations through Emerson and a Goldman Sachs donor advised fund.

Powell Jobs bought a 20% stake in Monumental Sports & Entertainment, which controls the Washington D.C. sports teams NBA Wizards, NHL Capitals as well as Capitol One Arena. It's valued using the $2.5 billion reported worth at the time of her purchase.

The net worth analysis was revised in December 2020 to incorporate an assumption that her Disney and Apple holdings were gradually sold after they were last required to be reported. This resulted in a decrease in the net worth calculation of by about $17 billion. A subsequent update in October 2021, to reflect assumed charitable giving and asset sell downs in 2021, led to a decrease of $3.5 billion.

A spokesperson for Powell Jobs declined to comment on her net worth.

Biography

Birthdate: 11/6/1963
Family: Widowed, 3 children
Education: Stanford Graduate School of Business, University of Pennsylvania, Wharton School of the University of Pennsylvania

Laurene Powell Jobs has granted few interviews in her lifetime. According to Walter Isaacson's biography, "Steve Jobs," she was born in New Jersey in 1963. Her father died in a plane crash while serving as a pilot in the Marines. After graduating from the Wharton School of the University of Pennsylvania, she took a job at Goldman Sachs, working under Jon Corzine as a fixed-income trading strategist. She quit after three years.

She met Steve Jobs in 1989 while she was pursuing an MBA at Stanford University. Jobs was appearing on campus as guest speaker. They were married two years later and had three children together.

Powell Jobs is a member of the Council on Foreign Relations, is founder and chairwoman of the Emerson Collective and serves on the board of College Track, both of which serve low-income students.

Milestones
  • 1963 Laurene Powell is born in New Jersey.
  • 1985 Graduates from Wharton School of the University of Pennsylvania.
  • 1989 Meets Steve Jobs while attending Stanford Business School.
  • 1991 Marries Steve Jobs in Yosemite National Park.
  • 1997 Co-founds College Track to assist low-income students.
  • 2003 Steve Jobs is diagnosed with cancer.
  • 2011 Steve Jobs succumbs to cancer in October.
  • 2015 Commits $50 million to project to reimagine high schools.