Apple chief Cook to give his wealth away: Fortune

March 28, 2015 01:23

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

"You want to be the pebble in the pond that creates the ripple for change," Cook was quoted as saying in a Fortune story focused on how he has brought his own winning style of leadership to the iconic California company more than three years ago.

Cook plans to give away his entire fortune, after setting money aside to pay for a 10-year-old nephew's college education, according to the Fortune article available online Friday and to appear in a printed version of the magazine due out at the start of April.

His net worth was estimated at about $120 million, based on the amount of Apple stock he owns. Cook also owns restricted shares that could be worth $665 million if they become fully vested.

Cook told Fortune that he has been donating money discreetly, but intends to adopt a more systematic approach.

He did not specify causes he might target.

« Back to LIVE

TOP STORIES

FIR against woman who claims Ravi Kishan is her daughter's father

The FIR was registered late Tuesday night at the Hazratganj police station on a complaint by Ravi Kishan's wife Preeti Shukla.

Candidates Chess: Gukesh slips to second; Praggnanandhaa loses

D Gukesh played out a creditable draw against top seed Fabiano Caruana but slipped a rung to the joint second position.

Modi's Edifice Complex

To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.

Want To Study Medicine, MBA Abroad?

rediffGURU Sushil Sukhwani underlines the factors you need to consider before you make the decision to study outside India.

Why Parisians are unhappy with upcoming Olympics

Many locals grumble that it will mostly be an inconvenience.