Sunday, May 19, 2013

Steve Jobs' Widow Steps Out.

Laurene Powell Jobs.

The New York Times interviewed Steve Jobs' widow Laurene, who until recently has been a very private person. She is rated as the world's ninth wealthiest woman with an estimated fortune of $11.5 bln.

Here are a few excerpts from the NYT feature via Yahoo Finance:

"Two years after Mr. Jobs’s death, Ms. Powell Jobs is becoming somewhat less private. She has tiptoed into the public sphere, pushing her agenda in education as well as global conservation, nutrition and immigration policy. Just last month, for example, she sat down for a rare television interview, discussing the immigration bill before Congress. She has also taken on new issues, like gun control.

"Ms. Powell Jobs is best known in the education field for College Track, which she started in 1997. The group helps prepare low-income students from underserved communities for college, providing rigorous academic training and extracurricular activities. The program, which operates in a number of locations including East Palo Alto and New Orleans, has trained more than 1,400 students and sent 90 percent of them to college.

"Her involvement with immigration flowed from College Track. In its early years, a number of her students in the program were teenagers who had come to the country, unauthorized, at a young age and finished high school, but then could not obtain citizenship or receive any state or federal funds for college.

"Ms. Powell Jobs has a net worth estimated at $11.5 billion, according to Bloomberg, most of it in shares of the Walt Disney Company. Mr. Jobs helped found the animation studio Pixar, which Disney acquired in 2006 and paid for in stock. With 131 million shares, worth about $8.7 billion, the Laurene Powell Jobs Trust is Disney’s largest shareholder with a 7.3 percent stake in the company, and she has benefited from the stock having more than doubled since her husband died in October 2011.
"Mr. Jobs also owned 5.5 million shares of Apple at the time of his death, and it is unclear whether she has sold her position."
And here's a short Bloomberg interview with her and then another video about her fortune.

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