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Laurene Powell Jobs

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Laurene Powell Jobs
Laurene Powell (2012)
Born
Laurene Powell

(1963-11-06) November 6, 1963 (age 61)[1][2]
West Milford, New Jersey[1]
NationalityAmerican
Alma mater
Occupation(s)Co-Founder of Terravera and serves on the board of directors of Achieva
Political partyDemocratic
SpouseSteve Jobs (m. 1991–2011; his death)
Children
RelativesMona Simpson (sister-in-law)

Laurene Powell Jobs (born November 6, 1963) is an American heiress, business executive and the founder of Emerson Collective, which advocates for policies concerning education and immigration reform, social justice, and environmental conservation.[4] She is also co-founder and President of the Board of College Track, which prepares disadvantaged high school students for college.[4] Powell Jobs resides in Palo Alto, California with her three children.[5] She is the widow of Steve Jobs, co-founder and former CEO of Apple Inc. She controls the Steven P. Jobs Trust, now known as the Laurene Powell Jobs Trust, which owns around 130 to 140 million shares of stock or between 7 and 8 percent stake as the largest shareholder in The Walt Disney Company.[3][6] As of 2015, she was ranked as the #45th richest person in the world by Forbes.[7]

Early life and career

Powell Jobs grew up in West Milford, New Jersey.[8] She earned a B.A. from the University of Pennsylvania and a B.S. in Economics from the Wharton School of the University of Pennsylvania in 1985.[9][4][10] She received her M.B.A. from the Stanford Graduate School of Business in 1991.[11][4][10]

She married Steve Jobs, the co-founder and former-CEO of Apple Inc., on March 18, 1991, in a ceremony at the Ahwahnee Hotel in Yosemite National Park.[12] Presiding over the wedding was Kobun Chino Otogawa, a Zen Buddhist monk.[12][13] Their son, Reed, was born September 1991, followed by daughters Erin in 1995 and Eve in 1998.[12]

Powell Jobs co-founded Terravera, a natural foods company that sold to retailers throughout Northern California.[4][5] She also served on the board of directors of Achieva, which created online tools to help students study and be more effective at standardized testing.[5] Before business school, Powell Jobs worked for Merrill Lynch Asset Management and spent three years at Goldman Sachs as a fixed-income trading strategist.[4][5]

Steve Jobs’ death

On October 5, 2011, Powell Jobs’ husband, Steve Jobs, died due to complications from a relapse of his previously treated islet-cell neuroendocrine pancreatic cancer,[14] at the age of 56.[15] Powell Jobs inherited the Steven P. Jobs Trust, which as of May 2013 had a 7.3% stake in The Walt Disney Company worth approximately $8.7 billion, and 38.5 million shares of Apple, Inc.[6][8][10]

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.[16][17][18] Of College Track's high school graduates, many of whom are first-generation college students, approximately 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.[18] College Track has facilities in East Palo Alto, Sacramento, San Francisco, Oakland, Los Angeles, New Orleans, and Aurora, Colorado.[17][18][19] "We have a wait list of five cities where we’d like to open up centers," Powell Jobs has said. "We want to keep our standards high, though, and are reluctant to grow through franchising or through dissemination of our curriculum and training.”[18]

Powell Jobs serves on the advisory board of Udacity, a higher education company from Stanford that provides affordable education.[20] Powell Jobs also founded the Emerson Collective, an organization that supports social entrepreneurs and organizations working in education and immigration reform, social justice and conservation through partnerships, grants and investments.[4][21] The Emerson Collective spearheads several social and political projects, among them The Dream is Now campaign and works closely with Conservation International and NewSchools Venture Fund.[21][22][23][24][25]

As of 2013, Powell Jobs sits on the board of directors of College Track, NewSchools Venture Fund, Conservation International, and Stanford University.[10][4][26] She also sits on the Chairman’s advisory board of the Council on Foreign Relations.[4][26] In 2014, she was ranked as the 29th most powerful woman in the world by Forbes. Her ranking rose from #39 in 2013.[27]

References

  1. ^ a b Isaacson, Walter (2011). "Family Man". Steve Jobs (First ed.). Simon & Schuster. p. 269. ISBN 978-1-4516-4853-9. Lauren Powell had been born in New Jersey in 1963 and learned to be self-sufficient at an early age.
  2. ^ United States birth records
  3. ^ a b "Laurene Powell Jobs & family". Forbes. Nov 2014. Retrieved November 29, 2014.
  4. ^ a b c d e f g h i "Laurene Powell Jobs". Emerson Collective. Retrieved 17 September 2013.
  5. ^ a b c d "Laurene Powell Jobs". Parsa. Retrieved 17 September 2013.
  6. ^ a b Golum, Rob (Nov 24, 2011). "Jobs's 7.7% Disney Stake Transfers to Trust Led by Widow Laurene". Bloomberg News. Retrieved July 4, 2013.
  7. ^ http://www.forbes.com/profile/laurene-powell-jobs/?list=billionaires
  8. ^ a b Peter Lattman; Claire Cain Miller (17 May 2013). "Steve Jobs's Widow Steps Onto Philanthropic Stage". The New York Times. Retrieved 18 May 2013.
  9. ^ "Trustees' Council of Penn Women". University of Pennsylvania. Laurene Powell Jobs, CW'85
  10. ^ a b c d "Laurene Powell Jobs". Forbes. Retrieved 17 September 2013.
  11. ^ "President Obama Announces Members of the White House Council for Community Solutions". Press Release. The White House. December 14, 2010.
  12. ^ a b c Owen W. Linzmayer. "Apple Confidential 2.0: The Definitive History of the World's Most Colorful". Retrieved 17 September 2013.
  13. ^ "America's Most Admired Companies: Steve Jobs (pg 2)". CNN Money. Retrieved 17 September 2013.
  14. ^ "Rare Pancreatic Cancer Caused Steve Jobs' Death" (Press release). Voice of America. October 7, 2011. Archived from the original on 2012-01-24. Retrieved October 7, 2011. {{cite press release}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  15. ^ "Apple Co-Founder Steve Jobs Dies At Age 56". Forbes. Retrieved 17 September 2013.
  16. ^ Lattman, Peter; Miller, Claire Cain (17 May 2013). "Steve Jobs's Widow Steps Onto Philanthropic Stage". The New York Times. Retrieved 10 February 2015. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  17. ^ a b "Our Vision". College Track. Retrieved 12 October 2011.
  18. ^ a b c d Sparks, Evan (Spring 2010). "The Old College Try". Philanthropy. Retrieved 12 October 2011.
  19. ^ "2013 Global Conference Speakers". Retrieved September 18, 2013.
  20. ^ "About Us". Retrieved September 18, 2013.
  21. ^ a b "Steve Jobs' Widow Debuts Philanthropic". Retrieved September 18, 2013.
  22. ^ "Tech Titans Fund Undocumented Students". Retrieved September 18, 2013.
  23. ^ "Silicon Valley tech leaders help undocumented students". Retrieved September 18, 2013.
  24. ^ "The Dream is now". Retrieved 17 September 2013.
  25. ^ Lessin, Jessica E.; Jordan, Miriam (16 May 2013). "Laurene Powell Jobs Goes Public to Promote Dream Act". The Wall Street Journal. Retrieved 10 February 2015. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  26. ^ a b "Jobs's Wife Backs Education Causes". Retrieved September 18, 2013.
  27. ^ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved 24 June 2014.
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