Tuesday, October 5, marked the 10th anniversary of the death of Steve Jobs, the tech genius recognized for founding Apple. On the one hand, his legacy is maintained in the company with the mandate of Tim Cook, who was proposed by Steve Jobs himself to the Apple board of directors to be his successor.
Cook has managed to keep the brand generating interest in people so that each year they buy the last of their devices. But in the financial part it has also generated improvements: the shares that were sold for almost $ 14 dollars in 2011, today are valued at $ 142.65. That is, it increased ten times.
However, on the other side of the coin, there is the family issue and Jobs’ fortune, which was inherited by his wife. Laurene Powell Jobs. The amount for Apple and Disney shares was $ 10.2 billion in 2011, but according to Forbes, today that figure is equivalent to 20,900 million dollars. Although it has doubled, it has also grown five times less than the company. So what happened to fortune?
This move from Jobs’ inheritance is mainly because Laurene Powell Jobs, 57, has not been interested in growing her numbers. It is that he has no need to do so, he is among the 100 richest people in the world with 95th place (losing 60 places in relation to the previous year).
Also, apparently Laurene has been happy to develop her philanthropic side, dedicating part of her money to social causes. Through the Emerson Collective organization, which he founded in 2004, he has assisted on issues related to the fight against cancer, the environment, the media, and immigration policy.
Laurene is a longtime supporter of the Dreamers, a name given to people who came to America at a young age. That is why in 2017 he bought advertisements television station opposing Trump and his decision to end a program that provided him temporary protection from deportation.
On the other hand, in 2019, Laurene said that Trump’s attacks on the media were “straight out of a dictator’s playbook” and then gave a speech defending independent journalism.
Finally, a few days ago, he announced that will invest $ 3.5 billion over the next 10 years to address the climate crisis. The money will go to the Waverley Street Foundation, an organization that Steve Jobs created in 2016. The idea is to generate “initiatives and ideas to help the marginalized communities most affected by climate change”, contributing to “housing, transportation, food safety and health ”of them.
Laurene is in a privileged position, but she is aware of it. In fact, for her it is unfair that there are people with such wealth while the rest struggle to survive in an unequal society. “It is not right for people to accumulate an enormous amount of wealth equal to the millions and millions of other people combined. There’s nothing fair about that, ”he told The New York Times in 2020.
The philanthropist added: “I inherited my wealth from my husband, who did not mind accumulating it. I do this in honor of their work and have dedicated my life to doing the best I can to distribute it effectively, helping people and communities in a sustainable way. “
Her convictions have led her not to be interested in increasing her fortune and she has decided to put her money to use trying to improve the world. Furthermore, in the same interview with The New York Times, Laurene said that she is not interested in passing the inheritance to her children: “I am not interested in building on the legacy of an inheritance and my children know it. Steve wasn’t interested in that. If I live long enough, it ends with me. “
Steve Jobs had four children. Three with Laurene Powell Jobs and, previously, a daughter with Chrisann Brennan. The latter, Lisa Brennan-Jobs (43), despite not having been recognized at the beginning and that she did not have a good relationship with her father, in the end he included her in his inheritance.
Be that as it may, apparently Steve Jobs’ children do not need the immense fortune he left behind, since each one has done well in the paths they took. Lisa studied at Harvard and is a writer. Reed Paul (30), who uses his mother’s last name, studied Oncology at Stanford. Erin Siena (25) studied architecture and design, and Eve Jobs (23) studies science, technology and society at Stanford, in addition, she is a rider and model.
For his part, everything indicates that Laurene Powell Jobs will continue to keep his word, dedicating himself to philanthropy until his death.