Friday, 27 March 2015
Apple CEO Tim Cook plans to give all his money to charity
He plans to give away all his wealth, after providing for the college education of his 10-year-old nephew. There should be plenty left over to fund philanthropic projects. Cook’s net worth, based on his holdings of Apple stock, is currently about $120 million. He also holds restricted stock worth $665 million if it were to be fully vested. Cook says that he has already begun donating money quietly, but that he plans to take time to develop a systematic approach to philanthropy rather than simply writing checks.
Tim Cook has already been involved in a lot of charity work both personally and at Apple. He donated donated money to help fund a gay rights campaign in Alabama, Arkansas, and Mississippi. He's worked with Charitybuzz to raise money for RFK Center. He helped Apple raise $20 million in just one quarter for PRODUCT (RED).
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