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# 39 Laurene Powell Jobs $24.6B

Random fact: Backs a $50 million project to create new types of high schools.

Overview

Powell Jobs inherited her late husband Steve Jobs's stakes in Walt Disney and Apple. She is credited with a 4% stake in Disney and has helped create commercial and charitable organizations, including natural foods maker Terravera and the Emerson Collective, which supports education and environmental reform.

As of :
Last change -$23.5M ( -0.1%)
YTD change +$6.52B ( +36.0%)
Industry Media & Telecom
Biggest asset AAPL US Equity
Citizenship United States
Age 56
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Laurene Powell Jobs's net worth of $24.6B 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 her control of stakes in two publicly traded companies: Walt Disney and Apple. Powell Jobs controls 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 in this analysis that she hasn't sold any shares since January 2017.

Her Apple stake is 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. The shares represent less than 1% of the business and are no longer reported. Powell Jobs is calculated in Bloomberg's analysis not to have sold any since 2012.

She reduced her Disney stake by half during 2016, according to a January 2017 13G filing. The sale is reflected in the analysis as a $6.2 billion inflow and based on the average share price during the year. The net worth calculation also includes dividends of more than $1.2 billion, based on an analysis of Bloomberg data. 

The value of her cash investments includes these proceeds, the effect of taxes, interest and market performance, and investments she's made since the sale of the Disney shares, some of them 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.

Amy Low, a spokeswoman for Powell Jobs, didn't respond to requests for comment on the net wealth calculation.

Biography

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