“Powell Jobs, 53, is one of the wealthiest women in the world, estimated to be worth about $20 billion,” Heath reports. “Much of that comes from her stock in Apple, the iconic company co-founded by her late husband Steve Jobs, who died in 2011. She also owns 4 percent of the Walt Disney Company… Powell Jobs and her vast wealth will likely enhance stability to Monumental’s ownership group. If Leonsis, 60, retired, Powell Jobs has the resources to assume his shares. Leonsis has long been the lead shareholder, with around 40 percent. Most contracts with a stake of this size include language that allows the buyer, in this case Powell Jobs, the option of a path to ownership.”
Read more in the full article here.
MacDailyNews Take: Washington Wizards vs. Los Angeles Clippers* takes on a whole new meaning!
*Saturday, December 9, 2017 @ Clippers and Friday, December 15, 2017 @ Wizards
Laurene Powell Jobs’ Emerson Collective buying The Atlantic – July 28, 2017
Bill Simmons: Clippers owner Steve Ballmer has shown ZERO evidence that he knows what he’s doing – August 26, 2015
Steve Balmer stands to gain $1 billion in tax benefits from L.A. Clippers purchase – October 27, 2014
LA Clippers owner Steve Ballmer to dump team’s Apple iPads – September 25, 2014
Steve Ballmer officially becomes owner of NBA’s Los Angeles Clippers – August 14, 2014
Former Microsoft CEO Steve Ballmer to buy Donald Sterling’s Los Angeles Clippers for $2 billion – May 29, 2014
[Thanks to MacDailyNews Readers “Fred Mertz” and “David G.” for the heads up.]