Summary of Laurene Powell Jobs is one of Kamala Harris’ biggest bankrollers—and closest friends

  • fortune.com
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    Laurene Powell Jobs: A Powerful Force in Democratic Politics

    Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, is a prominent figure in the world of philanthropy and business. However, her influence extends beyond these realms, deeply impacting democratic politics.

    • Powell Jobs is a long-time friend of Vice President Kamala Harris.
    • She has been a consistent supporter of Democratic candidates and causes through her philanthropic endeavors and political donations.
    • Her impact on the political landscape, particularly within the Silicon Valley tech community, is significant.

    A Legacy of Apple, Disney, and Steve Jobs: Inheritance and Net Worth

    Powell Jobs inherited substantial stakes in Apple and Disney upon Steve Jobs' death, solidifying her position as one of the world's wealthiest individuals. This financial power allows her to make substantial contributions to philanthropic initiatives and political campaigns.

    • Her estimated net worth is $11.5 billion, according to the Bloomberg Billionaires Index.
    • She leveraged her inherited wealth to establish and fund Emerson Collective, a non-profit organization with a diverse range of interests.
    • Emerson Collective focuses on education, immigration reform, environmental issues, health, and media and journalism.

    Emerson Collective: A Platform for Philanthropy and Democratic Politics

    Emerson Collective serves as a hub for Powell Jobs' philanthropic and political endeavors. Through this organization, she channels resources towards causes she believes in, with a particular focus on promoting progressive values.

    • Emerson Collective owns a majority stake in The Atlantic magazine and has funded Axios.
    • Powell Jobs' political donations, made through Emerson Collective, have significantly impacted democratic candidates.
    • Since 2020, Powell Jobs and Emerson Collective have donated over $3.4 million to Democratic nominees and funds.

    Silicon Valley's Influence: A Trend of Political Donations

    Powell Jobs is not the only wealthy figure from Silicon Valley making substantial political contributions. This trend reflects the growing influence of the tech industry on the political landscape, particularly within democratic politics.

    • Melinda French Gates has donated $2.09 million to Democratic causes since 2020.
    • Anne Wojcicki, CEO of 23andMe, has donated $1.84 million.
    • Sheryl Sandberg, former COO of Meta, has donated $1.53 million.

    A Powerful Friendship: Laurene Powell Jobs and Kamala Harris

    The friendship between Powell Jobs and Kamala Harris is a key aspect of their shared commitment to democratic politics. Their relationship goes back two decades and has played a role in shaping both of their political careers.

    • Powell Jobs has made significant donations to Harris' political campaigns.
    • In 2023, Powell Jobs donated nearly $1 million to the Biden and Harris reelection campaign.
    • She is believed to have played a role in Biden's decision to step aside from the presidential race, clearing the path for Harris to rise to prominence.

    A Shared Vision: Investing in a Democratic Future

    The alignment of values between Powell Jobs and Harris strengthens their bond and fuels their commitment to Democratic causes. They both believe in promoting social justice, economic equality, and progressive policies.

    • Powell Jobs and Harris have a shared history of advocating for women's rights and social justice.
    • Their collaborative efforts have contributed to advancing Democratic agendas and shaping the political landscape.
    • Their friendship serves as a symbol of the power of connections in driving political change.

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