Laurene Powell Jobs

Laurene Powell Jobs
Powell Jobs in November 2012
Born	Laurene Powell (1963-11-06) November 6, 1963 West Milford, New Jersey, U.S.
Education	University of Pennsylvania (BA, BS) Stanford University (MBA)
Spouse	Steve Jobs ​ ​ (m. 1991; died 2011)​
Children	3, including Reed and Eve
Relatives	Mona Simpson (sister-in-law)

Laurene Powell Jobs (née Powell; born November 6, 1963) and XQ Institute. She is a major donor to Democratic Party politicians.

Early life and career

Powell Jobs was raised in West Milford, New Jersey.

Early career

Powell Jobs co-founded Terravera, a natural foods company that sold to retailers throughout Northern California. She also served on the board of directors of Achieva, which created online tools to help students prepare for standardized testing. Before business school, Powell Jobs worked for Merrill Lynch Asset Management and spent three years at Goldman Sachs as a fixed-income trading strategist.

Steve Jobs' death

Powell Jobs (left) receiving Medal of Freedom from Joe Biden on behalf of Steve Jobs in July 2022

On October 5, 2011, at the age of 56, Steve Jobs, the CEO of Apple, died due to complications from a relapse of islet cell neuroendocrine pancreatic cancer.

As of July 2020, Powell Jobs and her family were ranked 59th in the Forbes' annual list of the world's billionaires and 30th in the Forbes 400. According to the same list, she is the wealthiest woman in the technology industry.

Later career and activism

In 1997, Powell Jobs co-founded College Track together with Carlos Watson.

In 2004, Powell Jobs founded the Emerson Collective, a private company structured as a Limited Liability Company Through Emerson, Powell Jobs owns The Atlantic and a stake in Axios.

In 2013, Powell Jobs was an early investor in, and board member of, Ozy. In addition, Ozy credited her as a "contributor."

In the 2016 U.S. presidential election, Powell Jobs donated $2 million to Hillary Clinton and raised a further $4 million for her.

In 2017, Powell Jobs purchased a 20 percent stake in the ownership group Monumental Sports & Entertainment, which holds the NBA's Washington Wizards, NHL's Washington Capitals, and Capital One Arena. She was the second-largest shareholder behind chairman Ted Leonsis.

Also in 2017, she backed the founding of the political organization ACRONYM, which raised ethical questions for Powell Jobs for its creation of Courier Newsroom.

In 2018, she stated that the book Small Fry by her stepdaughter Lisa Brennan contains false information about Steve Jobs as a father.

As of 2023, she is an investor in California Forever, a company building a planned sustainable city in Solano County, California.

Philanthropy

In 1997, Powell Jobs and Carlos Watson co-founded College Track, a nonprofit organization in East Palo Alto to improve high school graduation, college enrollment, and college graduation rates for "underserved" students.

Of College Track's high school graduates, many of whom are first-generation college students, about 90 percent attend four-year colleges, and 70 percent finish college in six years, whereas the national average for first-generation college students is 24 percent. College Track has facilities in East Palo Alto, Sacramento, San Francisco, Oakland, Watts, Boyle Heights, New Orleans, Aurora, Colorado, Denver, and the Washington, D.C., area.

In September 2015, Powell Jobs launched a $50 million project to create high schools with new approaches to education. Called XQ: The Super School Project, the initiative aims to inspire teams of educators, students, and community leaders to create and implement new plans for high schools. Efforts include altering school schedules, curriculums and technologies in order to replace the country's century-old high school education model. Funding for XQ comes from Powell Jobs' Emerson Collective. Following an initial $50 million financial contribution,

Powell Jobs is a founding member of the Climate Leadership Council. As of 2018, Powell Jobs sits on the board of directors of College Track, Conservation International, and Stanford University. In 2023, she was ranked as the 25th most powerful woman in the world by Forbes.

Powell Jobs's philanthropy has been described as of limited "transparency and accountability." In 2019, Powell Jobs was designated the "Least Transparent Mega-Giver" by Inside Philanthropy.

Personal life

In October 1989, Steve Jobs gave a "View from the Top" lecture at Stanford Business School. Laurene Powell was a new MBA student and sneaked to the front of the lecture room and started up a conversation with Jobs, who was seated next to her. They subsequently had dinner together that night. A year and a half later, on March 18, 1991, they married in a traditional buddhist wedding ceremony at the Ahwahnee Hotel in Yosemite National Park.

Powell Jobs resides in Palo Alto, California. She and Steve Jobs had three children together: son Reed (born September 1991) and daughters Erin (born 1995) and Eve (born 1998). Laurene is also the stepmother of Lisa Brennan-Jobs (born 1978), Steve's daughter from a previous relationship.

External links

• "Laurene Powell Jobs, Emerson Collective: Profile and Biography", Bloomberg Markets
• "Bloomberg Billionaires Index - Laurene Powell Jobs", Bloomberg
• "Board Member Laurene Powell Jobs", Council on Foreign Relations