Laurene Powell Jobs buys San Francisco mansion for $70 million, record for City

By Rya Jetha, John Gittelsohn and Biz Carson | Bloomberg

A mansion in San Francisco’s tony Pacific Heights neighborhood sold for approximately $70 million, property records show, setting a record for a home in the city.

The buyer was billionaire philanthropist Laurene Powell Jobs, according to the Wall Street Journal, which first reported the transaction.

Powell Jobs, the founder of Emerson Collective and widow of Apple Inc. founder Steve Jobs, has a net worth of $11.4 billion, according to the Bloomberg Billionaires Index. The purchase extends a buying spree she’s made of luxury California properties. Earlier this year, she bought a $94 million estate in Malibu spanning four acres and overlooking the Pacific Ocean — her fourth purchase in the Los Angeles area since 2015.

The sellers of the San Francisco mansion, located in the so-called Billionaire’s Row area of Pacific Heights, are Sloan Lindemann Barnett and Roger Barnett, who bought the home in 2011 for $33 million. She is the daughter of billionaire George L. Lindemann and he is the chief executive officer of supplement company Shaklee Corp.

The Barnetts didn’t respond to a request for comment. A spokesperson for Powell Jobs declined to comment.

The San Francisco property wasn’t publicly listed for sale and news of the off-market transaction came as a surprise to several high-end real estate agents in the city.