Philanthropic 50: Laurene Powell Jobs

by Editorial

Few affiliations say “Washington” more distinctly than becoming a shareholder in Monumental Sports and Entertainment, the sports conglomerate founded by Ted Leonsis. So the news that Powell Jobs, billionaire widow of the late Steve Jobs, Apple’s co-founder, was acquiring a 20 percent stake in the organization qualified her for inclusion in the Philanthropic List. The acquisition through her nonprofit Emerson Collective (currently going through approval procedures) will make the California-based philanthropist and entrepreneur the second largest owner at MSE, twentieth shareholder and third woman, the other two being vicechairman Sheila Johnson and Michelle Freeman. When Powell Jobs approached Monumental she had already established ties to DC by acquiring a majority interest in The Atlantic magazine from its Washington owner, David Bradley.

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