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Laurene Powell Jobs makes record-breaking $70 million San Francisco real estate purchase – despite getting a big discount

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Laurene Powell Jobs makes record-breaking  million San Francisco real estate purchase – despite getting a big discount


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The billionaire widow of Apple guru Steve Jobs has made a record-breaking San Francisco real estate purchase – and she got it for a ‘bargain.’

Laurene Powell Jobs, 60, has just snatched up a slice of luxury in San Francisco’s Pacific Heights neighborhood for $70 million, which she bought for a 30 million discount.

Her purchase makes the philanthropist and founder of Emerson Collective the owner of the most expensive single-family home ever recorded in the city. 

The sellers, Sloan Lindemann Barnett and husband Roger, were initially hoping to pocket a whopping $100 million for their Spanish Renaissance Revival dream home, the Wall Street Journal first reported.

The billionaire widow of Apple guru Steve Jobs has made a record-breaking San Francisco real estate purchase – and she got it for a ‘bargain’

Sloan, daughter of billionaire art collector George L. Lindemann, and her husband Roger, the big boss of health-supplement giant Shaklee, originally bought the pad for a ‘mere’ $33 million back in 2011.

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The property, once dubbed ‘the most beautiful house in America’ by Architectural Digest, is adorned with white onyx walls and views of the Golden Gate.

The mansion was once caught up in a scandal involving looted Cambodian artifacts, with the previous owners having to hand back 33 ancient statues, the San Francisco Chronicle reported. 

Powell Jobs, who has a net worth of 15.3 billion, is no stranger to splurging on expensive real estate.

Laurene Powell Jobs, 60, has just snatched up a slice of luxury in San Francisco¿s Pacific Heights neighborhood for $70 million, which she bought for a 30 million discount

Laurene Powell Jobs, 60, has just snatched up a slice of luxury in San Francisco’s Pacific Heights neighborhood for $70 million, which she bought for a 30 million discount

Powell Jobs, who has a net worth of 15.3 billion, is no stranger to splurging on expensive real estate

Powell Jobs, who has a net worth of 15.3 billion, is no stranger to splurging on expensive real estate

Earlier this year, she dropped $94 million on a Malibu beach pad.

In 2018, Jobs continued her real estate shopping spree with a $16.5million purchase of a stunning San Francisco mansion.

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She purchased the residence in the Russian Hill neighborhood from venture capitalist Danny Rimer.

Rimer paid $12.4million for the home back in 2013. Rimer’s home had been on the market for just a month when Powell Jobs paid cash for it.

In October 2023, the billionaire philanthropist opened her checkbook to help propel President Joe Biden’s reelection effort.

The late tech CEO (left) and his wife Laurene Powell are pictured together in Hollywood in 2010

The late tech CEO (left) and his wife Laurene Powell are pictured together in Hollywood in 2010

Her contribution of $929,600 came just two weeks after DailyMail.com reported that she had not matched her 2020 generosity and was still on the sidelines as the 80-year old Biden faced down grumbling from within his party.

In addition to cutting that check to the Biden Victory Fund, the Emerson Collective founder and wife of the late Steve Jobs gave maximum the $3,300 contributions to Biden’s campaign for the primary and the general election. 

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Her contribution came days before real estate and casino magnate Neil Bluhm, head of JMB Realty, donated the same $929,600 amount.

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Floats for San Francisco Chinese New Year Parade get finishing touches

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Floats for San Francisco Chinese New Year Parade get finishing touches


SAN FRANCISCO (KGO) — ABC7 Eyewitness News got a sneak peak as crews put the finishing touches on the floats you’ll see at Saturday’s San Francisco Chinese New Year Festival and Parade.

Since it’s the year of the fire horse, you’ll see a lot of horses and fire symbolism on the floats, housed at Pier 19.

“So Year of the Horse, it’s energy, it’s passion, it’s momentum so a lot of things that we’re really hoping to embody in the new year,” said Stephanie Mufson, owner of San Francisco-based The Parade Guys, which designs and constructs the floats.

She said they’ve been building them for about three months, with the designs starting in November.

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MORE: Bay Area artist brings Year of the Horse statue to life for Golden State Warriors

“We’re in the home stretch,” she said. “We’ve got a couple of days left and we’ve got a nice little team that’s cranking out all the finishing work that needs to go into it.”

Derrick Shavers was sanding some wood that will be painted and become cherry blossom trees on a float.

“It’s exciting,” Shavers said. “I look forward to coming every year and just creating and making things shine and sparkle.”

Bon was painting mountains for a float, making sure everything is perfect in time for the parade.

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MORE: Meet the 2026 San Francisco Chinese New Year Parade mascot, Maverick

“It’s one of the few parades that actually happens at night still,” Bon said. “So we got to make sure all the lighting is in check, and people are safe on the float. It’s all in the details, just for it to walk by you for 10 seconds.”

Ten seconds that bring so much joy to those watching the parade.

Here’s how you can watch the parade on ABC7 Eyewitness News on Saturday, March 7.

Coverage starts at 5 p.m. wherever you stream ABC7.

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SF Chinese New Year Parade 2026: How to watch ABC7 Eyewitness News live coverage


If you’re on the ABC7 News app, click here to watch live

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Celebrated San Francisco historic landmark, the Huntington Hotel officially reopens

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Celebrated San Francisco historic landmark, the Huntington Hotel officially reopens


SAN FRANCISCO (KGO) — First opened as apartments in 1922 and converted into a hotel two years later, the Huntington was once a playground for socialites and Hollywood stars.

It shut its doors in 2020 due to the COVID-19 pandemic and remained shuttered until this week, following new owners and a million-dollar, top-to-bottom renovation.

A ribbon-cutting ceremony was held for The Huntington Hotel in San Francisco’s Nob Hill neighborhood Monday.

The hotel officially reopened on Sunday.

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Mayor Daniel Lurie attended the celebration for the hotel on California Street.

“This is another sign that San Francisco is on the rise, when you have major institutions and major hotels reopening,” Lurie said. “We’re seeing it in Union Square. We’re seeing it now up here on Nob Hill. This is an exciting moment for San Francisco.”

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The hotel, known for its iconic sign, will be restoring the landmark sign to its former glory.

Many say it’s a symbol of what’s going on in San Francisco.

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“It came to symbolize San Francisco’s decline during COVID when it shut and it now, I think, symbolizes San Francisco’s rebirth,” said Greg Flynn, Flynn Group Founder, Chairman, and CEO. “It’s sort of the perfect symbol of it because it’s coming back better than it ever was.”

Alex Bastian, President and CEO of the Hotel Council of San Francisco, said hotel occupancy rates are up in 2024.

“Our data team crunched the numbers, and the four-week rolling hotel occupancy rate for San Francisco Bay Area hotels is 55.1 percent as of January 17 of this year. Compare that to January 17 of 2021, during the pandemi,c when it was 13.1 percent.”

Of course, the Super Bowl helped.

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Here’s what Super Bowl LX visitors are saying about San Francisco

“There’s no marketing campaign better than what we achieved as San Franciscans,” Bastian said. “The mayor and his team really elevated the game. They did an incredible job. We are so fortunate, as a city, because so many came here and they left their hearts here in San Francisco.”

Eyewitness News wasn’t allowed to gather video of the hotel’s features, but the hotel provided renderings of a sample room.

Matthew de Quillien, The Huntington Hotel General Manager, said the hotel has 143 rooms, many of them suites. Also, the Nob Hill Spa, Arabella’s Cocktail Salo,n and a reopening of The Big Four Restaurant, featuring its famous chicken pot pie.

“Our owner was able to find the original recipe from the 70’s and we remastered it and we’re … serving it to our guests,” de Quillien said.

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He said rates range from $600 a night to $7,000 a night for its Presidential suite.

The restaurant opens to the public on March 17.


If you’re on the ABC7 News app, click here to watch live

Copyright © 2026 KGO-TV. All Rights Reserved.

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Vigil held for 2-year-old girl killed in SF Mission Bay crash

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Vigil held for 2-year-old girl killed in SF Mission Bay crash


Walk SF and Families for Safe Streets held a vigil Monday evening to honor a 2-year-old girl who was struck and killed by a driver Friday night in San Francisco’s Mission Bay neighborhood.

The crash happened just before 9 p.m. at Fourth and Channel streets near Oracle Park. Police said the child’s mother was also injured and taken to a hospital with non-life-threatening injuries. The driver remained at the scene, and authorities said drugs or alcohol are not believed to be factors.

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Community heartbroken

Community members gathered at the intersection Monday to light candles and lay flowers. Among them was the Howard family.

“We’re just heartbroken and sad,” said Hidelisa Howard.

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“I was thinking about heartbroken parents, someone who cannot get their daughter back,” said John Howard.

The intersection is designated as part of San Francisco’s 2022 High Injury Network, identifying streets with the highest concentration of severe and fatal traffic crashes. Speed cameras were recently installed in the surrounding neighborhood.

Jodie Medeiros, executive director of Walk SF, called the crash a tragedy, noting a previous fatal collision involving a child at Fourth and King streets several years ago.

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Traffic intensifies

Parents in the area said traffic has intensified with nearby events and development.

“We love having people here in the neighborhood, and it’s brought a lot of life to the area,” said Hidelisa Howard, who lives nearby. “But at the same time, we have people coming in from out of the area. They’re not familiar with the streets, they’re running the lights, they’re running the crosswalks.”

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District 6 Supervisor Matt Dorsey said the intersection has been problematic.

“Sometimes people go too fast. I don’t know that this was the issue here, but we need to do everything we can to make our neighborhoods and our streets safer,” Dorsey said.

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On Monday, crews with the SFMTA repainted crosswalks and re-timed traffic signals at the intersection.

“It just feels like there’s so many young children in this neighborhood that there should be improvements made to the way that the traffic flows around here,” said Aanisha Jain, a San Francisco resident.

 

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