Giving It Away: Apple CEO Plans To Donate Most Of His Fortune

by Tim Fang

Apple CEO Tim Cook has departed from his predecessor when it comes to giving, saying he will donate his hundreds of millions of dollars to charities.

In a wide-ranging interview in Fortune, Cook said he would give away all his money after paying for the college education for his 10-year-old nephew in a few years.

Fortune said Cook’s net worth is about $120 million, based on his holdings of Apple stock. Cook also holds restricted stock worth $665 million, if it were fully vested.

“You want to be the pebble in the pond that creates the ripple for change,” Cook told Fortune.

Cook is also taking public stands on several human rights issues, as evidenced by his statement Friday condemning a new Indiana law that could allow businesses to discriminate on the basis of religion.

The CEO joins other tech millionaires and billionaires, including Bill Gates, Elon Musk and Mark Zuckerberg, who are pledging to give much of their wealth to philanthropic causes. Steve Jobs, who was Apple CEO before his death in 2011, was not known for his philanthropy.

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