Ask HN: What Happened to Steve Jobs' Shares of Apple Stock?

13 points·elpakal··8 comments

I was watching the Netflix documentary about Bill Gates and was fascinated by the wealth he acquired. There was a magazine shown where he and Jobs where on the cover, and it got me wondering what happened to Jobs' wealth after he died.

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He was survived by his wife and offspring. His wife is ranked the 29th most powerful woman in the world and has a net worth in the 20 billion-ish range.

https://en.wikipedia.org/wiki/Laurene_Powell_Jobs

> Powell Jobs inherited the Steven P. Jobs Trust, which as of May 2013 had a 7.3% stake in The Walt Disney Company worth approximately $11.1 billion, and 38.5 million shares of Apple Inc. As of 2018, Powell Jobs and her family are ranked 40th in the Forbes' annual list of the world's billionaires. According to the same list, she is the richest woman in the technology industry.

It is also important to note most of Steve Jobs's worth were from Disney, and not Apple. But if you read anything about Steve Jobs, he probably doesn't care whether there is an extra digit for his wealth.

Screwing over employees over stock matters though of course!

https://www.graphic.com.gh/images/2017/august/01/jobswidow.j...

All possessions of a person go to their estate upon death.

But in the case of "high-net worth individuals" these are usually transferred to a foundation or trust before succession.

(The exception is usually accidental deaths, in this case it goes to the estate and is subject of inheritance taxes)

so is this what happened to his shares? or just saying?

Are you expecting them to be buried in a yard somewhere to be dug up and cashed in?

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