Tim Cook wants to give up his wealth for charity. Apple CEO plans to donate entire fortune of 785 million dollars
Apple CEO Tim Cook expressed intention to donate his entire fortune to charity, thus joining other billionaires like Warren Buffett, who advocates for the disposal of at least half of their wealth, according to Fortune magazine.
Cook said he wants to donate his fortune, estimated at 785 million dollars, after paying for education of his nephew, currently aged 10.
Apple CEO Tim Cook plans to donate wealth to charity (pic: wikimedia)
The revelation made by Cook, aged 54, is an example of the increasing number of super-rich individuals interested in philanthropy.
Billionaire Warren Buffett encourages many billionaires to give up at least half of their fortunes, during their life time, through the campaign called “Giving Pledge”, whose site features prominent names including Microsoft founder Bill Gates, Facebook CEO Mark Zuckerberg, and Oracle’s boss Larry Ellison.
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Cook is not registered on the site “Giving Pledge” as he is known to be very discreet when it comes to charitable activities .
In recent years he began to speak more openly about various issues such as the environmental threats or civil rights. Cook, who recently admitted he is gay, spoke against discrimination of lesbians and gays, during a speech given on his admission at the Alabama Academy of Honor last year.
He told Fortune that he started to donate money to various causes , trying to develop a more systematic approach to philanthropic acts that should go beyond signing checks.
Credit photo: Valery Marchive (LeMagIT) (Flickr) [CC BY-SA 2.0], via Wikimedia Commons
