Apple Chief to Join the Giving Pledge

tim-cook-apple

Tim Cook, Apple’s CEO, announced he is donating most of his wealth to charity before he dies recently announcement in a interview with Forbes Magazine.

He is estimated to be worth over $800m (£537m) and has pledged to leave his wealth to philanthropic causes and also pay for his 10-year-old nephew’s college education.

Mr Cook joins a growing number of the world’s super-rich who have pledged their fortune and inheritance from accumulated wealth, including Facebook founder Mark Zuckerberg and other famous names such billionaire investor Warren Buffett and Microsoft founder Bill Gates launched the campaign The Giving Pledge whose contributors aim to convince billionaires to give at least half of their fortunes to charity.

Warren Buffet and Bill Gates
Warren Buffett and Bill Gates founders of ‘The Giving Pledge’

The philanthropic organisation which includes Mr. Zuckerberg and over 100 others have so far signed up to the “moral commitment”.

Mr Cook’s salary which in 2014 rose by 43% , to $9.2m (£6.2m) a year. And according
According to Fortune Magazine, he holds £81m worth of Apple shares and a £447m in restricted stocks.

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