Laurene Powell Jobs
   HOME

TheInfoList



Laurene Powell Jobs (born November 6, 1963)United States birth records is an American billionaire, businesswoman, executive and the founder of
Emerson Collective Emerson Collective is a for-profit corporation focused on education, immigration reform, the environment, media and journalism, and health. Founded by Laurene Powell Jobs, the LLC uses philanthropy, impact investing, advocacy, and community eng ...
, an organization that, among other investing and philanthropic activities, advocates for policies concerning education reform, social redistribution and environmental conservation. She is also a major donor to
Democratic PartyDemocratic Party most often refers to: *Democratic Party (United States) Democratic Party and similar terms may also refer to: Active parties Africa *Botswana Democratic Party *Democratic Party of Equatorial Guinea *Gabonese Democratic Party *Democ ...
politicians, including
Kamala Harris Kamala Devi Harris ( ; born October 20, 1964) is an American politician and attorney who is the 49th and current vice president of the United States A vice is a practice, behaviour, or Habit (psychology), habit generally considered immoral ...

Kamala Harris
and
Joe Biden Joseph Robinette Biden Jr. ( ; born November 20, 1942) is an American politician who is the 46th and current president of the United States The president of the United States (POTUS) is the head of state and head of government of the U ...

Joe Biden
. She is also co-founder and president of the board of College Track, which prepares disadvantaged high school students for college. Powell Jobs resides in
Palo Alto, California Palo Alto () is a charter city located in the northwestern corner of Santa Clara County, California Santa Clara County, officially the County of Santa Clara, is California's List of counties in California, 6th most populous county, with a popu ...

Palo Alto, California
, with her three children. She is the widow of
Steve Jobs Steven Paul Jobs (; February 24, 1955 – October 5, 2011), known as Steve Jobs, was an American business magnate, industrial designer, investor, and media proprietor. He was the chairman, the chief executive officer (CEO), and a co-founder of ...

Steve Jobs
, co-founder and former CEO of
Apple Inc. Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software Software is a collection of Instruction (computer science), ...
, and she manages the Laurene Powell Jobs Trust.


Early life and career

Powell Jobs grew up in
West Milford, New Jersey West Milford is a township ''Township'' refers to various kinds of settlements or administrative subdivisions in different countries. While a ''township'' may be associated with an urban area, this tends to be an exception to the rule. In Au ...

West Milford, New Jersey
. She earned a
B.A. Bachelor of Arts (BA or AB; from the Latin Latin (, or , ) is a classical language belonging to the Italic languages, Italic branch of the Indo-European languages. Latin was originally spoken in the area around Rome, known as Latium. Through ...
in political science from the University of Pennsylvania School of Arts and Sciences and a B.S. degree in economics from the
Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy League research university ...
in 1985. She received her M.B.A. degree from the
Stanford Graduate School of Business The Stanford Graduate School of Business (also known as Stanford GSB or the GSB) is the graduate business school A business school is a university-level institution that confers degrees in business administration or management. A business school ...
in 1991. 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 and started up a conversation with Jobs, who was seated next to her. They ended up having dinner together that night. A year and a half later, on March 18, 1991, they married in a ceremony at the
Ahwahnee Hotel The Ahwahnee Hotel is a grand hotel in Yosemite National Park Yosemite National Park ( ) is an American national park in the western Sierra Nevada of Central California, bounded on the southeast by Sierra National Forest and on the nort ...

Ahwahnee Hotel
in
Yosemite National Park Yosemite National Park ( ) is an American national park in the western Sierra Nevada of Central California, bounded on the southeast by Sierra National Forest and on the northwest by Stanislaus National Forest. The park is managed by the Na ...

Yosemite National Park
. Presiding over the wedding was Kōbun Chino Otogawa, a Zen Buddhist monk. Their son, Reed, was born in September 1991, followed by daughters Erin in 1995 and Eve in 1998. Laurene is also the stepmother of
Lisa Brennan-Jobs Lisa Nicole Brennan-Jobs (née Brennan; born May 17, 1978) is an American writer. She is the daughter of Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated w ...

Lisa Brennan-Jobs
, Steve's daughter from a previous relationship, who was born in 1978. Powell Jobs co-founded Terravera, a
natural food , old (top) and new (bottom). Blue Smarties were re-introduced by Nestlé in the UK in February 2008, using a "natural" blue dye derived from the cyanobacteria, cyanobacterium Spirulina (genus), spirulina rather than synthetic blue dye. Natural fo ...

natural food
s company that sold to retailers throughout
Northern California Northern California (colloquially known as NorCal) is a geographic and cultural region that generally comprises the northern portion of the U.S. state of California California is a U.S. state, state in the Western United States. With over ...

Northern California
. She also served on the
board of directors A board of directors is a group of people who jointly supervise the activities of an organization An organization, or organisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling diffe ...
of Achieva, which created online tools to help students study more effectively at standardized testing. Before business school, Powell Jobs worked for
Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management Investment management is the professional asset management of various securities A security i ...
Asset Management and spent three years at Goldman Sachs as a fixed-income trading strategist. In 1997, Powell Jobs co-founded College Track together with Carlos Watson (journalist), Carlos Watson. On October 3, 2017, reports indicated Powell Jobs had purchased a stake in the Monumental Sports & Entertainment, ownership group Monumental Sports & Entertainment that includes the NBA's Washington Wizards, NHL's Washington Capitals, and Capital One Arena. Her approximately twenty percent stake makes her the second largest shareholder behind chairman Ted Leonsis.


Steve Jobs' death

On October 5, 2011, at the age of 56,
Steve Jobs Steven Paul Jobs (; February 24, 1955 – October 5, 2011), known as Steve Jobs, was an American business magnate, industrial designer, investor, and media proprietor. He was the chairman, the chief executive officer (CEO), and a co-founder of ...

Steve Jobs
, the CEO of Apple, died due to complications from a relapse of his previously-treated islet cell neuroendocrine pancreatic cancer. 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 $12.1 billion, and 38.5 million shares of Apple Inc. , Powell Jobs and her family were ranked 59th in the ''Forbes annual list of the world's billionaires and 30th in Forbes 400. According to the same list, she is the wealthiest woman in the technology industry.


Activism and later career

In 2004, Powell Jobs founded the
Emerson Collective Emerson Collective is a for-profit corporation focused on education, immigration reform, the environment, media and journalism, and health. Founded by Laurene Powell Jobs, the LLC uses philanthropy, impact investing, advocacy, and community eng ...
, a private company structured as a Limited Liability Company, that supports social entrepreneurs and organizations working in education and immigration reform, social justice, media, and journalism and conservation through partnerships, grants, and investments. Through Emerson, Powell Jobs owns ''The Atlantic'' and a stake in Axios (website), Axios. In the 2016 U.S. presidential election, Powell Jobs donated $2 million to Hillary Clinton and raised a further $4 million for her. Powell was an early investor in, and board member of, OZY (media company), Ozy. In addition, Ozy credited her as a "contributor." In 2017, she backed the founding of the political organization Acronym (political organization), ACRONYM, which raised ethical questions for Powell Jobs for its creation of Courier Newsroom. In the 2020 U.S. presidential primaries, Powell Jobs donated to the campaigns of Democratic candidates Amy Klobuchar,
Joe Biden Joseph Robinette Biden Jr. ( ; born November 20, 1942) is an American politician who is the 46th and current president of the United States The president of the United States (POTUS) is the head of state and head of government of the U ...

Joe Biden
, Pete Buttigieg,
Kamala Harris Kamala Devi Harris ( ; born October 20, 1964) is an American politician and attorney who is the 49th and current vice president of the United States A vice is a practice, behaviour, or Habit (psychology), habit generally considered immoral ...

Kamala Harris
, Cory Booker, and Michael Bennet. After Joe Biden became the presumptive Democratic presidential nominee, she went on to donate over $600,000 to his campaign.


Philanthropy

In 1997, Powell Jobs and Carlos Watson (journalist), Carlos Watson co-founded College Track, a nonprofit organization in East Palo Alto, California, 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, 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. College Track has facilities in East Palo Alto, California, East Palo Alto, Sacramento, California, Sacramento, San Francisco, Oakland, California, Oakland, Watts, Los Angeles, Watts, Boyle Heights, Los Angeles, Boyle Heights, New Orleans, Aurora, Colorado, Denver, and the Washington, D.C., area. "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." 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, XQ announced an additional contribution, awarding ten schools $10 million each, for a total financial contribution of $100 million. The schools were chosen from approximately 700 submissions nationwide. Powell Jobs' team of advisors is led by Russlynn H. Ali. 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. She is chair of the board of directors of XQ and also sits on the chairman's advisory board of the Council on Foreign Relations. In 2014, she was ranked as the 29th most powerful woman in the world by ''Forbes''. Her ranking rose from #39 in 2013. Powell Jobs' philanthropy has been described as of limited "transparency and accountability." In fact, in 2019, Powell Jobs was named the "Least Transparent Mega-Giver" of 2019 by ''Inside Philanthropy''.


References


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 {{DEFAULTSORT:Powell Jobs, Laurene 1963 births American billionaires American philanthropists American women business executives Businesspeople from the San Francisco Bay Area California Democrats Female billionaires Family of Steve Jobs Goldman Sachs people Living people Members of the Council on Foreign Relations National Basketball Association executives National Basketball Association owners National Hockey League executives National Hockey League owners People from Palo Alto, California People from West Milford, New Jersey Stanford University alumni Stanford University trustees The Atlantic (magazine) people Washington Capitals owners Washington Mystics owners Washington Wizards owners Wharton School of the University of Pennsylvania alumni American women company founders American company founders Women's National Basketball Association executives