Steve Jobs’ widow, Laurene Powell, inherited more than $10 billion 13 years ago, just as the Apple co-founder died. And far from vilifying this fortune or squandering it, Jobs’ widow knows very well what invest your money:
What’s curious is that he didn’t buy them to live in, or at least not in the short term. In view of her investments, it is understood that Laurene Powell wishes create a mega luxury development in California’s most exclusive neighborhoods.
Laurene Powell’s real estate obsession
More than 15 billion dollars is the fortune that Laurene Powell currently has, according to Forbes. And it’s not just because of the nearly 40 million Apple and Disney shares she inherited from her late husband, Steve Jobs, since before marrying him in the early 90s, she already had a very comfortable life.
From now on, a good part of this fortune is invested in houses and no longer exactly in 30 meters. Only since 2015, Powell spent $80 million on real estate. Most of them are located in exclusive developments on the California coast.
One of the last was the so-called “Most Beautiful House in America”, a english renaissance style mansioncomprising approximately 5 square kilometers of land overlooking San Francisco Bay. It’s located in one of the most luxurious neighborhoods in California, sharing a neighborhood with other historic Apple faces like designer Jonny Ive. And all this for “only” $70 million.
Laurene does not imagine iPhone, prefers to make a fortune with luxury developments
Before that, according to the Los Angeles Times, Powell had acquired mansions in packs. Nearly a decade ago, he bought a Malibu mansion valued at $44 million and a few years later paid for the two other neighboring mansions worth $16.5 billion and $17.5 billion, respectively.
According to the aforementioned media, Laurene Powell Jobs does not plan to live in these houses, but rather to create a real estate empire from which to obtain future profitability. A commercial vision very different from the technological one of Steve Jobs who never cared much about housing. Not at all enough to have bought two houses in one year, as his widow is currently doing.
However, it’s not all real estate investment and ostentation of luxury. Powell also makes other investments solidarity characterinvolved in charitable projects such as Emerson Collective, focused on a system of educational scholarships for minors at risk of exclusion. Or to the Waverley Street Foundation, which tries to minimize the effects of climate change on the most disadvantaged families.
Cover image | Brian Ach/WireImage and Google Maps
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