What would you do with 11 billion dollars? Steve Jobs’ widow, Laurene Powell Jobs has asked herself that question, and the answer that comes up over and over again is to sail on her yacht when she has time and do good for others! During Steve Jobs’ tenure as Apple’s CEO, she stood behind the scenes, coming forward to help during release dates, but now she is stepping out to show the world what careful investment and a firm hand can do.
Jobs credentials regarding money and its management go back a long way. After graduating from the University of Pennsylvania with a bachelor’s degree, she went on work as a fixed income trading specialist, and eventual loaned her skills to Merrill Lynch Asset Management. She also finished her Master’s degree in Business Administration from Stanford Graduate school of Business in 1991 before moving on with her career.
One of the first philanthropic organizations that Jobs formed was College Track. Co-founded with Carlos Watson, it is an organization that is designed to ensure that young students find the bridge between school and college to be a little less intimidating. It is geared especially towards helping minority and low-income students find the resources that they need.
In addition to that, Jobs has founded the Emerson Collective. The Emerson Collective is a group that seeks to offer funding, investments, grants and partnerships to those who work towards social justice and educational reform. The end result is that the Collective puts the people who know what’s going on in charge without making fundraising their top priority.
Though her late husband was very vocal in his distaste for politics and those who participate in it, Jobs herself has found herself less averse. She is the top donor to the Ready for Hillary PAC, which is dedicated to getting the former Secretary of State Hillary Clinton into the White House. In addition to the donations, she has also spoken out passionately about the role politics has to play in bettering the world.
The big question that people are asking themselves about Laurene Powell Jobs at the moment is what she is going to do. With her work with the Ready for Hillary PAC and the Emerson Collective, she has a foot in the world of both politics and philanthropy. What this tells people looking on is that she can go and do almost anything she wants, but it can only be assumed that she will be doing good!