Billionaire Laurene Powell Jobs has purchased a mansion for around $70 million in the Pacific Heights neighborhood of San Fransisco — a record price for a home in the city, The Wall Street Journal reported, citing unnamed people familiar with the transaction.
Powell Jobs, the founder of impact investing and philanthropy firm the Emerson Collective and the widow of Apple founder Steve Jobs, bought the property in an off-market deal from Sloan Lindemann Barnett and Roger Barnett, the CEO of natural nutrition company Shaklee Corp.
The Barnett couple had bought the Spanish Renaissance Revival-style mansion in 2011 for $33 million, the WSJ report said.
The previous sale price record in San Francisco was $43.5 million, local agents told the outlet.
The house, which dates back to 1916, was restored by architect Peter Marino, according to a 2020 report by Architectural Digest.
The four-story home features views of San Francisco Bay, the Golden Gate Bridge, and Alcatraz Island.
According to Realtor.com, the median listing price for a home in San Francisco was $1.2 million in June.
Powell Jobs also splashed $94 million on a four-acre Malibu estate last month. The L-shaped home, which was built in the 1950s and covers 3,399 square feet, will likely be razed by the billionaire, the Los Angeles Times reported.
Since Steve Jobs died from cancer in 2011, Powell Jobs has continued to build up her fortune, which was based on Apple and Disney stock she inherited from her husband.
According to the Bloomberg Billionaires Index, Powell Jobs has a net worth of $11.4 billion. She owns stakes in various organizations, including the NBA’s Washington Wizards and the NHL’s Washington Capitals, and has invested in media outlets such as Axios and The Atlantic.
