Laurene Powell Jobs Has Amassed Nearly $175 Million Worth of Malibu Beachfront

Laurene Powell Jobs , the widow of the late Apple co-founder Steve Jobs, has just made a $94 million adjustment to her property portfolio in the upscale coastal California enclave of Malibu. 

Earlier this month, Powell Jobs, who’s worth an estimated $14.7 billion, according to Forbes, snapped up a 4-acre oceanfront parcel in an off-market deal, records show. The Los Angeles Times first reported the news. 

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The property is the latest addition to what is now a sprawling multi-parcel compound that the billionaire has assembled over the past decade. In 2015, her first acquisition was made for $44 million, followed by a $16.5 million deal in 2017 and a $17.5 million purchase in 2021, according to property records. 

Powell Jobs, 60, used limited liability companies and trusts for the deals that are linked to the Emerson Collective, an impact investing, philanthropy and advocacy firm of which she is the founder and president. 

A trustee linked to the $94 million purchase didn’t immediately respond to a request for comment. An email request sent to the Emerson Collective to reach a representative for Powell Jobs wasn’t immediately returned. 

Including this latest purchase, the businesswoman and philanthropist has spent $172 million in the four transactions, and from the looks of the construction seen in aerial images, she’s creating a giant beachfront compound. 

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Because of the quiet nature of the transaction, little is known about the property she’s just acquired, but listing records suggest there’s a 6,399-square-foot house on the land with eight bedrooms that was built in 1956. 

Through the Emerson Collective, Powell Jobs is the majority owner of magazine The Atlantic. She also has stakes in the Walt Disney Company and Monumental Sports & Entertainment, which holds a handful of Washington, D.C. sporting franchises, including the NBA’s Washington Wizards, the NHL’s Washington Capitals and the city’s Capital One Arena.