Laurene Powell Jobs, the widow of the visionary Steve Jobs and owner of the breathtaking $120 million superyacht Venus, has now added a $94 million oceanfront estate in Malibu’s Paradise Cove to her collection. This is her fourth property in the prestigious area, as the billionaire businesswoman has been crafting a compound spanning multiple parcels in one of the most affluent enclaves in the country.
With her latest investment, which is the most significant home sale in Southern California this year, the 60-year-old has acquired nearly four acres and a delightful L-shaped 1950s home. This property, perfect for her family with its four bedrooms, is an ideal setting for creating cherished memories under one roof.
The property also features a vast, well-maintained lawn overlooking the cliffs with a pristine beach below, a testament to her billionaire status (she is worth $14.4 billion). Whether Powell Jobs will maintain the home as is or integrate it into one grand compound is a question for the future. In the past, the founder and chair of Emerson Collective made a strategic move by purchasing a double-parcel property for $44 million in 2015 and demolishing the 13,000-square-foot home it held. In 2017, she expanded her holdings by acquiring the $16.5 million home next door, and in 2021, she added an adjacent five-bedroom cottage for $17.5 million. Her fourth acquisition, valued at $94 million, is the most expensive to date, placing her in the company of other tech magnates like venture capitalist Marc Andreessen and WhatsApp’s former co-founder Jan Koum.
This newly acquired property features modern aesthetics and luxurious amenities, including guest houses, a pool, and extensive gardens, making it a fitting addition to her impressive real estate portfolio.
