Laurene Powell Jobs, the widow of Steve Jobs, has been acquiring multiple properties in the prestigious Malibu area over the past decade, totaling close to $170 million since 2015.
Her most recent acquisition is a $94 million oceanfront property in Paradise Cove, which is reported to be the largest home sale in Southern California in 2024.
Powell Jobs inherited a substantial fortune after her husband Steve Jobs' passing, including Apple shares and a massive stake in Disney. Her net worth is estimated to be between $13.8 billion and $14.7 billion.
She manages the Steve Jobs Trust and founded the Emerson Collective, a philanthropic organization focusing on education, health, climate, and immigration reforms. She has close ties to Kamala Harris and is a significant benefactor of left-wing media causes.
In addition to her real estate investments, Powell Jobs has also reportedly purchased a $120 million superyacht named Venus.
Paradise Cove in Malibu has become one of the most valuable stretches of coast in California, attracting other billionaires like Jan Koum and Marc Andreessen as residents.
This article was written in collaboration with Generative AI news company Alchemiq
Sources: Business Insider, Los Angeles Times, TheRealDeal, Realtor.com, and LuxuryLaunches.com.