The widow of Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs has broken a San Francisco record for the city’s most expensive home purchase.
The Wall Street Journal, citing unnamed “people familiar with the transaction,” reports that Laurene Powell Jobs paid approximately $70 million to acquire a four-story, 17,300-square-foot mansion in the Pacific Heights section of San Francisco. Powell Jobs, the founder of the investment firm Emerson Collective, acquired the property in an off-market deal from Sloan Lindemann Barnett and Roger Barnett, who bought the property for $33 million in 2011. Sloan is the daughter of billionaire George L. Lindemann, and Roger is CEO of the health supplement maker Shaklee, and the sellers reportedly first sought $100 million for their property.
This is the second major California property purchase in a month for Powell Jobs, who also paid $94 million for an oceanfront property in the Paradise Cove area of Malibu.
The previous San Francisco record for a residential property sale was set in 2021 by the $43.5 million sale of another Pacific Heights home for $43.5 million.
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