Laurene Powell Jobs says she won't pass down her and Steve Jobs' billions to their children: 'It ends with me'

https://news.yahoo.com/laurene-powell-jobs-says-she-155855598.html

https://www.businessinsider.com/laurene-powell-jobs-children-wont-inherit-billions-2020-2?utm_source=yahoo.com&utm_medium=referral

Avery Hartmans
Feb. 28, 2020

Laurene Powell Jobs says she isn't interested in passing her fortune down to her children.

The Emerson Collective founder and widow of Apple CEO Steve Jobs said in a new interview with The New York Times' David Gelles that she has dedicated her life to distributing Jobs' fortune "effectively, in ways that lift up individuals and communities in a sustainable way," and doesn't plan on building a family dynasty.

"I'm not interested in legacy wealth buildings, and my children know that," Powell Jobs told The Times. "Steve wasn't interested in that. If I live long enough, it ends with me."

Powell Jobs said she believes a massive accumulation of wealth is "dangerous for a society" and pointed to 19th- and 20th-century families like the Rockefellers, Carnegies, Mellons, and Fords as examples.

"It's not right for individuals to accumulate a massive amount of wealth that's equivalent to millions and millions of other people combined," she said. "There's nothing fair about that."

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