Laurene Powell Jobs likes Malibu – rather a lot.
The widow of Apple co-founder Steve Jobs has paid $94 million for an oceanfront estate within the Paradise Cove area of ​​the California beach town. Los Angeles Times ReportsThis is the fourth property she has purchased in Malibu within the last ten years.
However, this latest purchase was by far the biggest. The prices of the previous three properties total around $80 million. All 4 properties are positioned next to one another.
Jobs’ latest investment spans 4 acres and features a Nineteen Fifties L-shaped house with 4 bedrooms and 4 bathrooms, but it’ll likely be demolished. The deal was closed off-market, and the Just says.
Her neighbors within the Paradise Cove neighborhood include Jay-Z and Beyonce, in addition to Marc Andreessen and WhatsApp founder Jan Koum.
Jobs, who manages the Steve Jobs Trust and founded the Emerson Collective, which awards grants for various causes, has a net value of $11.2 billion. in keeping with Bloomberg’s Billionaires Index.
She will not be the primary billionaire to purchase multiple plots of land to construct her own facility. Meta founder Mark Zuckerberg is reportedly constructing a $100 million facility (with an underground bunker) in Hawaii that spans 1,400 acres. And Amazon founder Jeff Bezos owns 10 hectares Beverly Hills.
Jobs has brought numerous business to Malibu developers. In 2015, she spent a part of $44 million to demolish a 13,000-square-foot house on one among her properties, and in 2021, she added a five-bedroom cottage to a different Malibu property for $17.5 million.
Work on a mansion to be in-built 2018 was reportedly affected by the Woolsey fire within the greater Los Angeles area. However, the extent of the damage was unclear.
