Laurene Powell Jobs Buys San Francisco Mansion for $70 Million: Wall Street Journal

• Laurene Powell Jobs has bought a $70 million home in San Francisco, the Wall Street Journal reported.
• The mansion is the most expensive home ever sold in the city.
• Paul Jobs bought a $94 million Malibu estate in June.

Billionaire Laurene Powell Jobs has bought a mansion for about $70 million in San Francisco’s Pacific Heights neighborhood, a record price for a home in the city. The Wall Street Journal reportedCiting unnamed people familiar with the deal.

Paul Jobs, founder of the impact investing and philanthropy firm Emerson Collective and widow of Apple founder Steve Jobs, bought the property in an off-market deal from Sloane Lindeman Barnett and Roger Barnett, CEO of natural nutrition company Shaklee Corp.

The Barnetts bought the Spanish Renaissance-style mansion in 2011 for $33 million, the Wall Street Journal reported.

The previous record for a sale price in San Francisco was $43.5 million, local agents told the outlet.

The 1916 house 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.comThe median listing price for a home in San Francisco was $1.2 million in June.

Paul Jobs also spent $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, is likely to be torn down by the billionaire, The Los Angeles Times reported.

Since Steve Jobs’ death from cancer in 2011, Powell Jobs has continued to build her fortune, which was based on Apple and Disney stocks she inherited from her husband.

According to the Bloomberg Billionaires IndexPowell Jobs is worth $11.4 billion. She owns stakes in several 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.