Liberal billionaire Laurene Powell Jobs reportedly has a new mission: to make the Internet better.
Powell Jobs, widow of Apple co-founder Steve Jobs and owner of Atlantic magazine, is funding a new project through her company, Immersion Collective, designed to “encourage citizen online conversation.” reported information,
The project is reportedly being led by Atlantic CEO Nicholas Thompson and Emerson Collective CEO Rafi Krikorian. According to The Information, the group has also brought in former Wired magazine executive editor Brian Barrett.
Emerson Collective did not immediately respond to a request for comment and details of the project were unclear, but a source familiar with Push told The Information that the group is not looking to launch a social media site.
Powell Jobs, who is worth an estimated $12.7 billion for the Apple and Disney shares he inherited from her late husband, has previously invested in news outlets beyond the Atlantic including Axios and scandal-hit media company OZY.
He too Democratic presidential candidates endorsed Joe Biden in 2020 and Hillary Clinton in 2016. He has a “tight relationship” with Vice President Kamala Harris, Bloomberg told Donated to Biden, Harris, Pete Buttigieg, Corey Booker and Michael Bennett in 2020 – and during the most recent Democratic presidential primary.
Last week, Powell Jobs said at a conference that her late husband would be unhappy with the current level of political polarization in the United States.
“I wouldn’t say that [would he not have been happy about] Polarizing, not only from the fact that people are really coming into families and communities and within our country, but also that they love our country so much,” Powell Jobs said.
“He loved California so much, but he loved our country,” she said. “He loved individual freedom and independence, but also connectedness and responsibility for one another.”
Powell Jobs’ company, Emerson Collective, engages in philanthropy but uses an unconventional corporate structure to profit.
Powell Jobs was Nicknamed the “Least Transparent Mega-Giver” In 2019 by Inside Philanthropy.
“We have no idea how much she gives annually, or where the money goes,” the publication wrote.