The billionaire widow of Apple guru Steve Jobs has made a record-breaking San Francisco real estate purchase – and she got it for a ‘bargain.’
Laurene Powell Jobs, 60, has just snatched up a slice of luxury in San Francisco’s Pacific Heights neighborhood for $70 million, which she bought for a 30 million discount.
Her purchase makes the philanthropist and founder of Emerson Collective the owner of the most expensive single-family home ever recorded in the city.
The sellers, Sloan Lindemann Barnett and husband Roger, were initially hoping to pocket a whopping $100 million for their Spanish Renaissance Revival dream home, the Wall Street Journal first reported.
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Sloan, daughter of billionaire art collector George L. Lindemann, and her husband Roger, the big boss of health-supplement giant Shaklee, originally bought the pad for a ‘mere’ $33 million back in 2011.
The property, once dubbed ‘the most beautiful house in America’ by Architectural Digest, is adorned with white onyx walls and views of the Golden Gate.
The mansion was once caught up in a scandal involving looted Cambodian artifacts, with the previous owners having to hand back 33 ancient statues, the San Francisco Chronicle reported.
Powell Jobs, who has a net worth of 15.3 billion, is no stranger to splurging on expensive real estate.
Earlier this year, she dropped $94 million on a Malibu beach pad.
In 2018, Jobs continued her real estate shopping spree with a $16.5million purchase of a stunning San Francisco mansion.
She purchased the residence in the Russian Hill neighborhood from venture capitalist Danny Rimer.
Rimer paid $12.4million for the home back in 2013. Rimer’s home had been on the market for just a month when Powell Jobs paid cash for it.
In October 2023, the billionaire philanthropist opened her checkbook to help propel President Joe Biden‘s reelection effort.
Her contribution of $929,600 came just two weeks after DailyMail.com reported that she had not matched her 2020 generosity and was still on the sidelines as the 80-year old Biden faced down grumbling from within his party.
In addition to cutting that check to the Biden Victory Fund, the Emerson Collective founder and wife of the late Steve Jobs gave maximum the $3,300 contributions to Biden’s campaign for the primary and the general election.
Her contribution came days before real estate and casino magnate Neil Bluhm, head of JMB Realty, donated the same $929,600 amount.