Why didn't Steve Jobs' children receive their millionaire inheritance?

October 2011
A legacy for history
Multimillion-dollar inheritance
Apple and Disney shares
Shares on the rise
Married with three children
An unexpected figure
Lisa Brennan-Jobs
A daughter prior to his marriage
Distant relationship
Huge compensation
Why not money for everyone?
Successful careers
Young but very prepared
Model and rider
Beneficial causes
October 2011

Flashback to October 2011 - when the technological genius and founder of Apple, Steve Jobs, died of pancreatic cancer.

A legacy for history

The genius who changed the world as we know it, left a technological legacy that, to this day, continues to grow and shape the future.

Multimillion-dollar inheritance

Obviously, as the visible head of Apple, Steve Jobs also left a considerable inheritance that, according to Forbes, was estimated at about $8.3 billion at the time.

Apple and Disney shares

Much of this wealth corresponded to the 5.5 million shares he owned in Apple and the 138 million shares he held in Disney.

Shares on the rise

For context, Steve Jobs owned 7% of Disney at the time, at a time when the company was growing steadily, thanks to its deals with Marvel, Star Wars and Pixar.

Married with three children

Married to Laurene Powell since 1991, his wife accompanied him until the end of his days, as did the couple's three children: Reed Paul, Eve and Erin Siena.

An unexpected figure

Logically, anyone would think that it was his three children who received, along with Laurene Powell, the bulk of Steve Jobs' estate upon his death. Nothing could be further from the truth.

Lisa Brennan-Jobs

The truth is that his three children did not receive a single dollar of the inheritance, as it went to two people: Laurene Powell and Lisa Brennan-Jobs. Who?

A daughter prior to his marriage

Lisa Brennan-Jobs was the first daughter that Steve Jobs had, in a relationship with Chrisann Brennan, prior to his marriage with Laurene Powell, as Lisa Brennan herself told in an interview to the New York Post.

Distant relationship

For many years, and until 1991, Steve Jobs had refused to acknowledge Lisa Brennan as his daughter.

Huge compensation

To make up for those years of lack of recognition, lack of financial support, and even less sentimental disposition, Steve Jobs arranged for the inheritance to be split between his wife and first daughter.

Why not money for everyone?

The obvious question everyone is asking is, why divide it between only two people, when there is enough inheritance to divide it between five and all of them remain multimillionaires?

Successful careers

According to Lisa Brennan, her father felt that his other three children were already successful professionals in their fields and would not need the money. And he was right.

Young but very prepared

Erin Siena has been the most discreet of the three disinherited siblings, keeping her identity and profession out of the media to live a life away from the spotlight. Reed Jobs graduated with honors from Stanford and found a home at the Emerson Collective, where they work to bring equality to disadvantaged groups.

Model and rider

Meanwhile, Eve Jobs, the youngest, is a professional equestrian rider, who went to the Tokyo Olympics, as well as a model at DNA Model Management with campaigns for Louis Vuitton and cover of the Japanese edition of 'Vogue'.

Beneficial causes

In the interview, Lisa Brennan, who is a journalist and writer, confirmed that the inheritance received was dedicated to charitable causes, through 'The Waverley Street Foundation' and 'Emerson Collective'. Yes, the one in which her stepbrother works.

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