Technology
Lisa Brennan-Jobs would give Steve Jobs fortune to Gates Foundation
-
Lisa Brennan-Jobs’ upcoming memoir, “Small Fry,”
describes her relationship with her father, Apple founder Steve
Jobs. -
Brennan-Jobs received an inheritance after her father’s
death, but his $20 billion fortune is controlled by Laurene
Powell Jobs. -
In an interview with The New York Times, Brennan-Jobs
said she would donate Jobs’ billions to the Bill and Melinda
Gates Foundation if she could.
Though Lisa Brennan-Jobs received millions of dollars in
inheritance money after her father died, she does not have
control over the allocation of the Apple founder’s $20 billion in
assets.
If she was in charge, Brennan-Jobs would donate Steve Jobs’ money
to the
Bill and Melinda Gates Foundation, she told
The New York Times while discussing her upcoming memoir, “Small
Fry.”
The statement may seem surprising in light of Steve Jobs’
longstanding rivalry with Bill Gates’ Microsoft. But Brennan-Jobs
says she’s impressed with the Gates Foundation, which
spends billions to fund work in education, emergency relief,
and global health, among other issues.
“Would it be too perverse?” she said to The Times. “I feel like
the Gates Foundation is really doing good stuff, and I think I
would just hot potato it away.”
Brennan-Jobs intended her memoir to be a nuanced depiction of her
family, though she fears readers will focus too much on the
moments Jobs
was vicious to her, according to The Times. Some of the
details paint
a damning picture, including anecdotes about Jobs refusing to
install heat in Brennan-Jobs’ bedroom, forgetting her birthdays,
and saying she smelled “like a toilet.”
Powell Jobs, her children, and Jobs’ sister told The Times that
Brennan-Jobs’ book “differs dramatically” from their memories of
the Apple founder.
In his will, Jobs left his fortune to Powell Jobs, who runs
the philanthropic organization Emerson Collective. Over
the past few years, Emerson has
purchased a majority stake in The Atlantic, received a
$10 million donation from Golden State Warriors star Kevin Durant
to expand the College Track program (which supports students
through college), and
committed $50 million to her XQ project for rethinking high
schools.
Powell Jobs also b
ought the second-largest
stake in a holding company that owns the NBA’s Wizards, the NHL’s
Capitals, and more.
Emerson was set up as a limited liability company, which means it
is not required to reveal details about its spending and
assets. The Gates Foundation’s setup, meanwhile, entails
detailed annual reports and greater transparency in spending.
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