Laurene Powell Jobs inherited billions of dollars of stock in Apple and Disney from her late husband, Apple cofounder Steve Jobs, who died in 2011. In 2017, she bought a minority stake in the parent of the NBA's Washington Wizards and the NHL's Washington Capitals. She also purchased stakes in several media outlets, including a majority of The Atlantic magazine; in mid 2020 she severed ties with Pop-Up Magazine. She has been putting her fortune to work through Emerson Collective, a hybrid investment, social impact and philanthropic firm she founded in 2004. She launched the Emerson Collective Foundation, now called Waverley Street Foundation, in 2016 with a gift of $1.2 billion, much of it in Disney shares.
