Laurene Powell Jobs makes record-breaking $70 million San Francisco real estate purchase – despite getting a big discount
The billionaire widow of Apple guru Steve Jobs has made a record-breaking real estate purchase in San Francisco — and she got it for a “bargain.”
Laurene Powell Jobs, 60, just bought a luxury home in San Francisco’s Pacific Heights neighborhood for $70 million. She got it down $30 million.
With her purchase, the philanthropist and founder of Emerson Collective owns the most expensive single-family home ever recorded in the city.
The sellers, Sloan Lindemann Barnett and her husband Roger, initially hoped to pocket as much as $100 million for their Spanish Renaissance Revival-style dream home, the Wall Street Journal first reported.
The billionaire widow of Apple guru Steve Jobs has made a record-breaking San Francisco real estate purchase — and she got it for a ‘bargain’
Sloan, the daughter of billionaire art collector George L. Lindemann, and her husband Roger, the CEO of health supplement giant Shaklee, originally bought the block in 2011 for “just” $33 million.
Once called “America’s most beautiful house” by Architectural Digest, the property is adorned with white onyx walls and offers views of the Golden Gate.
The mansion was once involved in a scandal involving looted Cambodian artefacts, which saw the previous owners forced to return 33 ancient statues. San Francisco Chronicle reported.
Powell Jobs, who has a net worth of $15.3 billion, is no stranger to spending money on expensive real estate.
Laurene Powell Jobs, 60, just bought a piece of luxury in San Francisco’s Pacific Heights neighborhood for $70 million, which she bought at a $30 million discount
Powell Jobs, who has a net worth of $15.3 billion, is no stranger to spending money on expensive real estate
Earlier this year, she spent $94 million on a Malibu beach house.
In 2018, Jobs continued her real estate foray with the purchase of a stunning $16.5 million mansion in San Francisco.
She bought the house in the Russian Hill neighborhood from venture capitalist Danny Rimer.
Rimer paid $12.4 million for the home in 2013. Rimer’s home had only been on the market for a month when Powell Jobs paid cash for it.
In October 2023, the philanthropist opened her checkbook to support President Joe Biden’s re-election campaign.
The late tech CEO (left) and his wife Laurene Powell are pictured together in Hollywood in 2010
Her $929,600 contribution came just two weeks after DailyMail.com reported that she had failed to match her 2020 generosity and was still on the sidelines as the 80-year-old Biden faced grumbling within his party.
In addition to providing the check to the Biden Victory Fund, the Emerson Collective founder and wife of the late Steve Jobs also donated the maximum amount of $3,300 to Biden’s campaign for the primaries and general election.
Her contribution came just days before real estate and casino magnate Neil Bluhm, head of JMB Realty, donated the same amount of $929,600.