Laurene Powell Jobs is a formidable force of influential figures who have left an indelible mark on technology, education, and philanthropy. If you’ve ever wondered about the financial standing of this remarkable individual, you’ve come to the right place.
Our forthcoming article delves deep into the life and wealth of Laurene Powell Jobs, providing an insightful estimate of Laurene Powell Jobs net worth as of 2023.
What is Laurene Powell Jobs’ Net Worth and Salary in 2023?
As of 2023, Laurene Powell Jobs boasts an impressive net worth of $13.6 billion. This staggering wealth is primarily attributed to her inheritance from her late husband, Steve Jobs, which includes significant stakes in both Apple and Walt Disney.
In addition to her inherited fortune, Powell Jobs founded the Emerson Collective, a social impact organization that invests in various sectors such as immigration reform and environmental causes.
While her exact salary remains undisclosed, it is evident that Laurene Powell Jobs’ financial prowess and influence continue to grow, making her one of the wealthiest and most powerful women in the world.
Laurene Powell Jobs’ Overview
Early Life
Laurene Powell Jobs was born on November 6, 1963, in West Milford, New Jersey. Tragically, her father, a Marine Corps pilot, was killed in an airborne collision when she was just three years old.
Her mother, with four young children and limited financial resources, worked tirelessly to make ends meet, instilling a strong work ethic and commitment to success in Laurene and her siblings.
Throughout her childhood, Laurene and her brothers held various jobs, including managing the local paper route. She received a Bachelor of Arts in Political Science from the University of Pennsylvania and a Bachelor of Science in Economics from the Wharton School.
Career
After graduating in 1985, Powell Jobs spent three years working on Wall Street as a fixed-income trading strategist for Goldman Sachs and Merrill Lynch Asset Management.
She later pursued an MBA from Stanford Graduate School of Business in 1991, where she met her future husband, Apple co-founder Steve Jobs.
In the early ’90s, she co-founded Terravera, a natural-food company focused on developing organic raw materials for the food and feed industries. However, she eventually stepped back from Terravera to focus on tutoring and raising her family.
In 1997, Powell Jobs co-founded College Track, a nonprofit organization that prepares low-income students for college through tutoring and mentoring. The organization has since expanded to nine locations across California, Colorado, and Louisiana.
In 2004, she founded Emerson Collective, a Palo Alto-based impact investing, philanthropy, and advocacy firm focusing on environmental justice, health, immigration, and education.
Named after Ralph Waldo Emerson, the private company uses grants and investments to advance modern-day education through technology.
Powell Jobs has also served on the board of several organizations, including Teach for America, Conservation International, and the New America Foundation. She is a Council on Foreign Relations member and on Stanford University’s board of trustees.
Along with Michael Bloomberg and Ray Dalio, Powell Jobs is a founding member of the Climate Leadership Council.
In addition to her work with various causes, she has cultivated a reputation as a major art collector. In 2017, her Emerson Collective acquired a majority stake in The Atlantic magazine, further solidifying her influence in the investment world.
Personal Life
Laurene Powell Jobs is an American billionaire businesswoman and philanthropist who met her future husband, Apple co-founder Steve Jobs, in October 1989 at a View from the Top lecture at Stanford Business School.
At the time, Laurene was a 25-year-old MBA student who conversed with Steve, who was seated beside her. The couple married on March 18, 1991, at the Ahwahnee Hotel in Yosemite. Together, they had three children—Reed, Erin, and Eve.
Their relationship was described as a beautiful and rich connection, with Laurene stating that she grew up with him. Steve Jobs passed away at 56 in October 2011 due to complications from pancreatic cancer, leaving Laurene widowed.
Philanthropy
Laurene Powell Jobs has emerged as a prominent philanthropist and social change advocate through her work with Emerson Collective and XQ Institute.
Her philanthropic endeavors address pressing issues such as immigration, education, climate change, and independent media.
With a unique approach combining entrepreneurship, investment, and philanthropy, Powell Jobs challenges traditional giving models by creating an organization that functions as a think tank, foundation, venture capital fund, media baron, arts patron, and activist hive.
Her commitment to making a difference in society is evident in her $3.5 billion pledge towards climate-focused initiatives and her support for Democratic Party politicians.
Shares
Upon Steve Jobs’ passing, Laurene Powell Jobs inherited full ownership of his stakes in Apple and Disney, two iconic companies.
In 2017, she made a significant move by selling approximately half of her Disney stake, totaling around 64.3 million shares, for an impressive sum of about $7 billion.
This transaction left her with roughly 4% of Disney’s outstanding shares, falling below the threshold for public reporting of her future transactions.
If she still holds the remaining portion of her Disney stake, which amounts to approximately 74 million shares, its value would be estimated at $13 billion.
Furthermore, Laurene earns substantial cash dividends from her Disney holdings, amounting to roughly $120 million annually (technically $60 million semi-annually).
Regarding Apple, Laurene received 5.5 million shares from Steve Jobs’ estate. After the 7-1 stock split 2014, her stake grew to 38.5 million shares.
Following another 4-1 stock split in August 2020, her ownership expanded to a remarkable 154 million shares valued at $20 billion.
The dividends generated by these shares bring in around $160 million annually (technically $40 million per quarter). Over the years, Laurene has accrued over $1 billion in cash dividends from her Apple holdings.
Why is Laurene Powell Jobs Famous?
Laurene Powell Jobs is renowned for her multifaceted contributions to society as a businesswoman, philanthropist, and investor. Her fame extends beyond her association with her late husband.
Powell Jobs founded Emerson Collective, an organization that champions education, environmental justice, health, and immigration reform through impact investing and advocacy.
Her innovative approach to philanthropy combines elements of think tanks, foundations, venture capital funds, media, arts patronage, and activism, making her a powerful force for social change.
FAQs about Laurene Powell Jobs
How old is Laurene Powell Jobs?
Laurene Powell Jobs height is 59 years old.
How tall is Laurene Powell Jobs?
Laurene Powell Jobs height is 5 feet 7 inches.
How much of Apple does Laurene Powell Jobs own?
The Steven P. Jobs Trust left Powell Jobs at least 38.5 million shares in Apple, the world’s largest technology company, as an inheritance.
Did Steve Jobs kids inherit his money?
When Steve Jobs died in 2011, he left his wife, Laurene Powell Jobs, for most of his income. Her children have profited from their father’s reputation, but she has no intention of leaving the riches to them.
What was Steve Jobs net worth?
At the time of his death in 2011, American entrepreneur and innovator Steve Jobs was worth an estimated $10.2 billion.
Conclusion
In conclusion, Laurene Powell Jobs’ financial standing reflects her success as a businesswoman and investor, with substantial stakes in Apple and Disney. However, the world of influential figures and their wealth extends far beyond Laurene Powell Jobs.
If you find her story intriguing, World Celebrity Net Worth offers a wide range of articles that delve into the financial profiles of prominent individuals across various fields.
