Laurene Powell Jobs makes the list of richest people in the world – Part 1

Steve Jobs’ silent partner in his success and his better half, Laurene Powell Jobs has made Forbes top Billionaire’s list this year. She not only jumps into the elite in the US but also tops the Richest Women in the Silicon Valley. In addition, she is one of the richest women in the world.

The main reason for Powell Jobs’ sudden rise in the ranks of the rich in America is the empire Steve Jobs left for her after his death. Ranked at No. 100 in the list of the richest people, Powell Jobs is currently worth $9 billion. Mr. Jobs had a worth of $8.3 billion when he was alive and made 110^th position in 2010’s list.

Jobs left his fortune mostly in trusts, a fact that has attracted a lot of opprobrium after his will was made public. One of the major trusts in the list, the Steve P. Jobs Trust, received most of his wealth. Powell Jobs heads the trust, hence the riches women in the Silicon Valley.

The trust is administered by Howson & Simon, a Walnut Valley, Calif.-based financial accounting firm. An unnamed person at Howson & Simon did not comment on the company’s role with The Steven P. Jobs Trust. When asked about the trust, the individual said, “All we do is the pay the bills.”

According to Apple’s proxy submitted with the Securities and Exchange Commission, Jobs owned approximately 5.5 million shares of the company’s common stock. The late Apple cofounder and CEO, who famously received a salary of $1 annually, did not sell any of his shares since he rejoined the Cupertino, Calif.-based company in 1997.

Powell Jobs’ fortune, the bulk of which consists of Apple and Walt Disney stock, was transferred indirectly to Ms. Jobs making her one of the richest in the world.

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Posted by Usman Khalid on Mar 23 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.