Laurene Powell Jobs is a rich American. Laurene Powell Jobs’s net worth is $19 billion. She is well known as the widow of Apple co-founder Steve Jobs. Laurene became one of the world’s wealthiest women after Steve died in 2011. And, contrary to popular belief, the majority of the Jobs family money is derived from a substantial share in Disney, not Steve’s ownership in Apple.
Steve sold Pixar to Disney for $7.4 billion in 2006. He acquired 138 million Disney shares in the deal, or around 7% of the total number of shares outstanding. As a result, he became the largest individual owner of Disney shares. Those shares were valued $8 billion at the time of his death. At the time of his death, his Apple stock was “only” valued about $2 billion.
Laurene Powell Jobs Age: 58 years
Laurene Powell Jobs Height: 5 feet 7 inches
Laurene Powell Jobs Net Worth: $19 billion
Laurene Powell Jobs Spouse: Steve Jobs (m. 1991–2011)
Laurene Powell Jobs Siblings: Brad Powell, Tracy Powell
Laurene Powell Jobs Disney Shares
Laurene received Steve’s entire share in Apple and Disney. According to an SEC filing, she sold about half of her Disney ownership, or 64.3 million shares, in 2017 for around $7 billion. Following the deal, she held around 4% of Disney’s total outstanding shares. Disney is not required to record her trades publicly because she is no longer over 5%. If she still holds the rest of her holding, those 74 million shares are worth $13 billion as of this writing. Every year, she receives around $120 million in cash dividends from Disney (officially, $60 million semi-annually).
Laurene Powell Jobs Apple Shares
Laurene received 5.5 million shares of Apple when Steve died. That holding grew to 38.5 million shares after the stock split 7-1 in 2014. That holding 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 around $160 million in dividends every year. Laurene has received well over $1 billion in cash dividends throughout the years.
Laurene Powell Jobs Early Life
Laurene Powell was born on November 6, 1963, in West Milford, New Jersey. Powell received a B.A. in political science from the University of Pennsylvania School of Arts and Sciences and a B.S. in economics from the University of Pennsylvania Wharton School in 1985. Powell earned her M.B.A. from Stanford Graduate School of Business in 1991.
Laurene Powell Jobs Career
Aside from her relationship with Steve Jobs, Powell Jobs is the co-founder and President of the Board of Directors of College Track, a national education charity organisation that strives to send impoverished students to college. Powell Jobs previously co-founded Terravera, a food firm focused on organic and nutritious food. Prior to attending business school, she worked for three years at the investment bank Goldman Sachs and for Merrill Lynch Asset Management. Powell Jobs also served on the board of Directions of Achieva, a company that develops online tools to help children study more effectively for standardised tests. Powell Jobs bought a share in Monumental Sports and Entertainment, which owns the NBA’s Washington Wizards, the NHL’s Washington Capitals, and the Capital One Arena, in October 2017. Her 20% holding makes her the company’s second-largest stakeholder, after only chairman Ted Leonsis.
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