Steve Jobs’ widow acquires $94 million California property

Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, has recently acquired a $94 million property in Malibu, California. This new addition to her real estate portfolio reportedly joins three other lots worth approximately $80 million in the same area. Powell Jobs, who was married to Steve Jobs from 1991 until his passing in 2011, also owns property in the Bay Area and Florida.

Powell Jobs is the creator of the social change company Emerson Collective and has a personal fortune estimated at around $14.6 billion, according to Forbes. The newly acquired property in Malibu sits on about four acres and includes a four-bedroom house from the 1950s. There is speculation that the house may be demolished in the future.

Malibu is known for its high real estate prices, with median asking prices for homes reaching $6 million in May and median sale prices at $4.8 million, according to Realtor.com. The city, home to over 10,600 residents, is a popular choice for celebrities seeking waterfront properties along the Pacific Ocean.

California as a whole is known for having a high number of cities where homes typically have a value of at least $1 million. Zillow reported that there are 210 such cities in the Golden State, making it a prime location for luxury real estate investments. Powell Jobs’ significant real estate investments in California reflect the trend of high property values in the state.

Despite the hefty price tag of the Malibu property, Powell Jobs’ wealth and real estate acquisitions demonstrate her financial success and investment in luxury properties. The acquisition of a multi-million dollar property in Malibu adds to her impressive real estate portfolio and solidifies her status as a prominent figure in the world of high-end real estate.

Powell Jobs’ reported $94 million real estate purchase highlights the exclusivity and desirability of properties in Malibu, a city known for its luxury homes and stunning coastal views. With her vast wealth and real estate holdings, Powell Jobs continues to make significant investments in prime real estate locations, further solidifying her financial success and status as a prominent figure in the luxury real estate market.