Lauren Powell's Story How Steve Jobs Wife Has Become An Influential Investor
Laurene Powell Jobs is the wife of the late Apple co-founder. Forbes reports that she has an estimated net worth of $ 20.7 million and is a strong investor. This is her life as a philanthropist and businesswoman.
Laurene Powell Jobs was conceived in West Milford in New Jersey in 1963. Her father was a pilot and she was just 3 years old when he died in a crash. Her mother then remarried.
Powell Jobs was a Wall Street worker for Merrill Lynch, Goldman Sachs, and then he moved west to get his MBA at Stanford’s Graduate School of Business.
Jobs briefly sat beside him at a conference before rising to address the audience as a guest speaker. He thought of her and asked Powell to join him in the parking garage. They have been together since then, and she agreed to have dinner.
They were married at the Ahwahnee Hotel, Yosemite National Park in March 1991. They had three children, Reed, Erin and Eve.
Jobs’ wife, Lucretia, was a billionaire after he died from cancer in 2011.
In the beginning, her Disney stake was the largest single shareholder. However, Variety reports that she has now reduced her stake to half.
Powell Jobs also plays a significant role in philanthropy. He stated that “In the broadest possible sense, we want our knowledge and our networks and relationships to try and do the best possible,” to The New York Times in 2013.
He founded Terravera in the 1990s. This natural food company was focused on developing organic raw materials for the food and feed industries. He retired from Terravera in order to spend more time teaching and caring for his family.
Powell Jobs created College Track in 1997. This non-profit organization helps students with low income prepare for college by tutoring. College Track now has eight locations in California and Colorado as well as Louisiana.
Powell Jobs started the Emerson Collective in the early 2000s. It was named after Ralph Waldo Emerson and it was a charitable and investment organization that focused on education, immigration, and social justice. Emerson Collective is a private company and not a traditional non-profit organization. It has funded startups such as AltSchool which aims to transform education through personalized instruction using technology.
Powell Jobs made a pledge of $ 50 million last September to Emerson XQ: the Super School Project to help fund the initiative. This project aims to reform education and change the way high schools approach curriculum development. She is also the president of XQ’s board of directors.
Powell Jobs served on several boards of directors, including Teach for America and Conservation International. He is also a member the Council on Foreign Relations as well as the Board of Trustees at Stanford University.
Powell Jobs, along with Ray Dalio and Michael Bloomberg, is a founding member the Climate Leadership Council.
He also bought a stake in Monumental Sports & Entertainment which owns the Washington Capitals, Washington Wizards and Capital One Arena.
Powell Jobs and Emerson Collective have teamed up with Leon Wieseltier, a writer, to create Idea magazine. He resigned from the company after Wieseltier colleagues in the New Republic accused him, in October, of sexual misconduct.
Emerson Collective purchased a majority share of The Atlantic on July 28, 2017. Powell Jobs praised the magazine’s efforts to achieve equality for all, defend and illuminate the American idea, celebrate American culture, literature, and cover our amazing, sometimes confusing, experiment. democratic”.
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