Steve Jobs' widow sold shares worth several billion dollars

The widow of Steve Jobs sold the other day half of the shares that made up the largest part of the fortune left after the death of Steve Jobs. We are talking about shares held in the Walt Disney company, they were granted to Steve Jobs when he sold the Pixar company to the famous US media trust.

According to official documents, there were 128,301,176 million shares divided into 5 separate trusts, and half of them were sold the other day. A Walt Disney share has a value of 111 dollars at the moment, almost 3 times more than at the time of Steve Jobs' death, so we are talking about a colossal amount collected after their sale.

Selling half of the shares held in Walt Disney, the widow of Steve Jobs is now the fourth largest shareholder of the company, with 4% of the shares. Until he sold the more than 60 million shares, he was the largest shareholder of Walt Disney, but now he is many, many billions of dollars richer thanks to the transaction.

Steve Jobs' widow got involved intensively in philanthropic work after her husband's death, and this work will continue in the following years. A good part of the money earned now will be donated to various causes and he has enough resources to support any kind of cause he wants.

"The latest filing from Powell Jobs shows that as of Dec. 31, 2016, she has cut her beneficial stake down to 64,320,416 Disney shares, or a 4.0% stake. The trust bearing her name now holds only 40,284,667 shares. No specific details in holdings by trusts or entities under Powell Jobs' control were provided. According to S&P Capital IQ, Powell Jobs is now the fourth-largest individual Disney shareholder."

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