Tim Cook to donate millions to charity

Apple’s chief executive will leave his wealth to philanthropic causes after paying for his 10-year-old nephew’s colleging.

March 28, 2015 08:29 pm | Updated April 02, 2015 06:27 am IST - London

A file photo of Tim Cook

A file photo of Tim Cook

American multinational Apple’s chief executive Tim Cook has announced that he will donate millions of dollars of his wealth to charity before he dies, a media report said on Saturday.

Mr. Cook said he would leave his wealth, worth over $800 million, to philanthropic causes after paying for his 10-year-old nephew’s college education, BBC reported citing a Fortune magazine interview. With the commitment, Mr. Cook has become part of a growing trend among wealthy individuals like Facebook founder Mark Zuckerberg who are giving away their fortunes to charity.

According to Fortune magazine, Mr. Cook holds $120 million worth of Apple shares and a further $665 million of restricted stocks.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.