Skip to main content

Laurene Powell Jobs buys majority stake in The Atlantic magazine

Steve Jobs’ widow Laurene Powell Jobs has bought a majority stake in The Atlantic magazine.

She described The Atlantic as one of the country’s most important and enduring journalistic institutions, but told Recode that she also had another reason for the acquisition.

[She] cited the links between her organization, the Emerson Collective, and the Atlantic’s founder, Ralph Waldo Emerson, who “created a magazine whose mission was to bring about equality for all people.”

The terms of the deal weren’t revealed, but with an estimated net worth of $20B, the purchase is unlikely to have stretched her finances.

Powell Jobs spoke earlier in the year about how she chooses to use the money. Interestingly, an SEC disclosure revealed back in January that her 2.5% stake in Disney is worth more than her 0.7% stake in Apple. The Disney holding resulted from the company’s 2006 purchase of Pixar, owned by Steve Jobs.

The Emerson Collective describes itself as ‘an organization dedicated to removing barriers to opportunity so people can live to their full potential,’ with work centred on education, immigration reform and the environment.

Check out 9to5Mac on YouTube for more Apple news:

FTC: We use income earning auto affiliate links. More.

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel



Avatar for Ben Lovejoy Ben Lovejoy

Ben Lovejoy is a British technology writer and EU Editor for 9to5Mac. He’s known for his op-eds and diary pieces, exploring his experience of Apple products over time, for a more rounded review. He also writes fiction, with two technothriller novels, a couple of SF shorts and a rom-com!

Ben Lovejoy's favorite gear