Laurene Powell Jobs’ fortune jumps a cool $1 billion in a day as Disney soars

“Laurene Powell Jobs, the widow of Apple Inc. co-founder Steve Jobs, added $1 billion to her net worth today after Walt Disney Co. surged to a record,” Anders Melin reports for Bloomberg.

“Jobs owns 7.69 percent, or 130.6 million shares, of the Burbank, California-based company through a family trust, according to Disney’s January proxy statement,” Melin reports. “The 51-year-old is the largest shareholder of the world’s biggest entertainment company, and has a $18.5 billion fortune, according to the Bloomberg Billionaires Index.”

“Disney jumped 7.63 percent to close at $101.28 in New York, making it the best performer in the Standard and Poor’s 500 Index. The company reported first-quarter net income rose 19 percent to $2.18 billion, or $1.27 a share, beating the $1.07 a share average of analysts’ estimates compiled by Bloomberg,” Melin reports. “The billionaire also inherited a stake in Apple when her husband died in 2011.”

Read more in the full article here.

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20 Comments

    1. I don’t want to judge too quickly, since I don’t know enough about her, but I found it interesting that she “met” or least knew of her current boyfriend around the time Steve was very ill, near the end. Was she unconditionally loyal to Steve, despite the circumstances?

      1. It frankly would not surprise me if Steve encouraged her to build up friendships with other men once he knew he was dying. If I were dying, that’s what I would do for my wife; letting her have people in her life who would help her to move on with her life after I was gone would be one of the most loving things one could do.

        Yes, Steve was sometimes a jerk, but I can’t image he’d be THAT much of a jerk.

    1. It’s not having the money that gets the Koch’s criticised, it’s the rather crass things they use it for. There’s a certain subtlety between funding a campaign and attempting to outright buy a democracy in order to impose your will onto everyone else. Powell Jobs does the former, the Koch Brothers do the latter.

      See the difference? One is behaving like an adult with lots of money, one is behaving like spoiled over-indulged little children with lots of money.

  1. I wonder how you would get your mind wrapped around wealth like that? I would ask my financial guys, “Does this mean I can buy a new motorcycle? That Harley I’ve been drooling over for years? Can I bring real broadband to rural areas of California? How about an island somewhere in the Pacific built to support scientific research free from political constraints, a few black market Russian nukes and subs, or maybe Michigan?”

    1. I remember Oprah saying that once she was in store and couldn’t decide which of the items (I think it was dining set) she wanted to buy and then a friend mentioned she could just buy anything … From her modest background she hadn’t quite internalized she was at that time already a multi millionaire (heading to billionaire status).

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