Apple CEO Tim Cook To Give Away All His Wealth To Charity
When Bill Gates and Warren Buffet, two of the richest individuals on the planet join their hands to form the Giving Pledge, it was seen as a call to action to the bourgeois population to engage in philanthropic efforts. About 128 billionaires have joined the initiative and agreed to donate most of their wealth to charity. The list includes the likes of Mark Zuckerberg, Richard Branson, and Elon Musk. Now Apple’s current CEO; Tim Cook will now join the ranks of the affluent philanthropists.
Tim Cook has announced that he will be giving away most of his wealth to charity. He wants to have enough to pay for his 10-year-old nephew’s college education. Tim Cook, being the CEO of the company that made the biggest profit ever in history recently, has a quite a healthy savings account, as you can imagine. His estimated wealth currently is said to be around $785 million.
The announcement was made in an interaction with Fortune magazine. He said that he has already started donating money to various unspecified causes and is looking forward to developing a more systematic approach for his donations.
The 54 year old, has commanded the Apple ship since 2011 when its illustrious founder Steve Jobs stepped down. Under his watch, the company has brought several new products including the new Mac Pro, recent iPhones, and the new Apple Watch.
Tim Cooks wealth may not be at par with the likes of Bill Gates and Mark Zuckerberg, but it does present an encouraging scene where billionaires and millionaires show interest in the public good. We hope this trend catches on, and we get to see more individuals with massive capital interested in investing the people instead of stashing that money in offshore banks.