Apple CEO Tim Cook Plans to Give All His Money to Charity

Apple CEO Tim Cook has revealed that he plans to donate all his money to charity, reports Fortune.

To Cook, changing the world always has been higher on Apple’s agenda than making money. 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.

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).


Cook also approved donations to local hospitals and instituted a program where Apple will match charitable donations from its employees.

Read More