- Laurene Powell Jobs, the widow of Apple CEO Steve Jobs, isn't interested in "legacy wealth building," according to a new interview in Visit Business Insider's homepage for more stories.
Laurene Powell Jobs says she isn't interested in passing her fortune down to her children.
The Emerson Collective founder and widow of Apple CEO Steve Jobs said in a new interview with The New York Times' David Gelles that she has dedicated her life to distributing Jobs' fortune "effectively, in ways that lift up individuals and communities in a sustainable way," and doesn't plan on building a family dynasty.
"I'm not interested in legacy wealth buildings, and my children know that," Powell Jobs told The Times. "Steve wasn't interested in that. If I live long enough, it ends with me."
Powell Jobs said she believes a massive accumulation of wealth is "dangerous for a society" and pointed to 19th- and 20th-century families like the Rockefellers, Carnegies, Mellons, and Fords as examples.
"It's not right for individuals to accumulate a massive amount of wealth that's equivalent to millions and millions of other people combined," she said. "There's nothing fair about that."
Powell Jobs inherited her husband's Apple and Disney shares when he died in 2011 and is worth $24 billion, according to the Forbes. She works on causes like gun control and has also given millions to political campaigns.
Powell Jobs is also an avid art collector, has multiple homes in the Bay Area, and owns Read Powell Jobs' full interview on The New York Times website.
