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Times of India·3 min read·medium

Steve Jobs’ widow once couldn’t afford holidays, now sails on $120M yacht

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Steve Jobs’ widow once couldn’t afford holidays, now sails on $120M yacht
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Laurene Powell Jobs, widow of Steve Jobs, has evolved from a childhood of financial struggle to becoming a billionaire philanthropist. Her wealth, derived from Apple and Disney shares, supports her extensive charitable work.

Why it matters

It provides a biographical look at how personal background influences the philanthropic priorities of high-net-worth individuals.

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The early life of billionaire philanthropist Laurene Powell Jobs was very different from the immense wealth she enjoys today. While she now spends her summers travelling from the Mediterranean to Australia aboard her $120 million superyacht, Venus, her childhood in rural New Jersey was filled with financial struggles and a complete absence of family holidays.With a net worth of more than $14 billion, largely built on Apple and Disney shares, the 62-year-old founder and president of Emerson Collective is now considered one of the most influential women in US. Her multi-billion-dollar portfolio, which includes luxury real estate and about $5 billion in charitable giving, did not come from inheritance. Instead, it grew out of a lower-middle-class upbringing where nature provided the family's main source of entertainment.Pack of four siblings living in a rural setupPowell Jobs grew up with three brothers in a home where money was always limited.

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