(Image source from: Apple CEO wants to donate all his fortune})
Popular magazine ‘Fortune’ cites the Apple CEO Tim Cook’s new profile intends to "give away all his wealth" after providing the college tuition fees for his 10-year-old nephew.
In an Interview given to the Fortune magazine’s Adam Lashinsky, Cook shared his thoughts on variant issues. "You want to be the pebble in the pond that creates the ripple for change," the CEO explained.
Lashinsky reports that Cook has a net worth of around $120 million, in addition to restricted stock worth roughly $665 million.
By making this promise, Cook follows in the footsteps of other high-profile philanthropists. In 2010, Microsoft cofounder Bill Gates and investor Warren Buffet launched the "Giving Pledge" - an appeal for
American billionaires to give away at least 50% of their wealth to charity. Business Magnate Michael Bloomberg, Facebook CEO Mark Zuckerberg and eBay founder Pierre Omidyar have all signed up.
"I have a nephew that I dearly love that's 10, and when I look at him, and when I think of leaving a world that's not as good as when I entered it, there's no bigger sin than that," the CEO told an audience at New York City's Climate Week in September 2014.
- Manohar. M
