Tuesday, April 5, 2016

Inside the $16.7bn fortune of late Steve Jobs' widow - including her two private jets, her $138million yacht and $12.7bn Disney share

Steve Jobs' widow Laurene Powell is 6th richest woman in the world at $16.7bn
When Steve Jobs passed away in October 2011, most of his assets passed on to his wife, making her one of the 50 richest people in the world. Laurene Powell Jobs, 52, married the tech mogul in 1991 - ten years before the release of the first iPod - and now manages a $16.7bn fortune according to Forbes.

Laurene Powell Jobs (pictured with Steve Jobs in 2010) married the tech mogul in 1991 - ten years before the release of the first iPod - and now manages a $16.7bn fortune

She owns, among other things, two private jets, four real estate properties and shares of the Walt Disney Company and Apple, Business Insider reported.

Powell Jobs is now the sixth richest woman in the world based on Forbes' ranking, behind French L'Oreal shareholder Liliane Bettencourt, Wal-Mart heiress Alice Walton, Mars heiress Jacqueline Mars, Italian Michele Ferrero's widow Maria Franca Fissolo and German BMW heiress Susanne Klatten.

Her fortune comes mainly from the Walt Disney Company shares she inherited from her husband, according to Business Insider.

Those shares were worth $7.4 billion when he sold Pixar, his animation studio, to Disney in 2006. It has now increased to $12.7 billion, Business Insider reported.
The Laurene Powell Jobs Trust, which Jobs has managed since the death of her husband, is the largest individual shareholder at the Walt Disney Company, with a 7.8 per cent stake according to Forbes.

Powell Jobs' share of Apple, on the other hand, is tiny compared to what it could have been: according to Business Insider, her stake at the company comes to $560 million.
That's not even one per cent of the $65 billion his original 11 per cent stake at the company would represent today, the website wrote.
But he sold it when Apple ousted him in 1985.
The major part of Powell Jobs' fortune comes from a 7.8 per cent share of The Walt Disney Company, which is now worth $12.7 billion


Steve Jobs never got to see the 260-foot, $138 million yacht (pictured) that he imagined with French designer Philippe Starck. He died before  the finished yacht, named Venus, was unveiled in October 2012


Among four real estate properties in total, Powell Jobs owns the Palo Alto house (pictured) where she lived with her husband and their children, worth $8 million

Her assets also include four real estate properties, Business Insider reported. One of them is the house where she lived with her husband and their children, located in Palo Alto and worth $8 million.

She owns two additional properties in Woodside, each worth $7.5 and $10 million, the website wrote.

Powell-Jobs purchased the last one, a three-acre property in Malibu, in March last year for $44 million according to Wealth-X.


Powell Jobs pledged $50 million to a national high school reform project in September last year

His family gave iPod shuffles with the name of the ship written on the back as a thank-you to everyone involved in the construction, Wealth-X wrote.

Powell-Jobs also owns two private jets - a 2013 Gulfstream G650, currently priced at $58,8 million, and a 1999 Gulfstream G-V, now worth $9.95 million.




She also owns two private jets, one of which is a 1999 Gulfstream G-V (file picture), now worth $9.95 million. Powell Jobs also has shares at The Walt Disney Company and Apple

The other private jet, a 2013 Gulfstream G650 (file picture), is currently priced at $58,8 million. The rest of her wealth is divided between cash and liquid assets

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