Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, has reduced her net worth by nearly $5 billion, about half of the inheritance she received after his death in 2011. This decline is not the result of poor financial management, but a deliberate decision to redistribute her wealth through philanthropy, in line with Jobs’ vision.
Powell Jobs inherited a fortune valued at more than $10 billion, largely made up of shares in Apple and Disney accumulated by Steve Jobs during his career. As these assets grew over time, she began allocating a significant portion of her resources to donations and social-impact initiatives.
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One of the main vehicles for this strategy is Emerson Collective, an organization that combines impact investing, philanthropy, and social activism, supporting causes related to education, social justice, immigration, public health, and the environment.
Why has Powell Jobs used so much of the inheritance?
Because her goal is to honor Steve Jobs’ wish that his fortune would not remain untouched, but instead be used to create a positive impact on society.
