Tim Cook to Give His Fortune to Charity
CUPERTINO, Calif., March 27 (UPI) — Apple CEO Tim Cook has said he will donate his fortune to charity as he stands at the cusp of joining the ranks of the world’s billionaires.
After paying for his 10-year-old nephew’s college education, he will donate the rest of his fortune to various philanthropic organizations, reports Fortune.
Cook is not the only Silicon Valley resident to donate his fortune. Billionaires Warren Buffettand Bill Gates launched the Giving Pledge in 2010 — a promise from the wealthy to give away at least half of their fortunes.
The pledge has gained Michael Bloomberg, Mark Zuckerberg and Sheryl Sandberg of Facebook.
Cook is known for his generosity. When his predecessor and founder of Apple Steve Jobsneeded a liver in his final days with cancer, Cook offered his own which Jobs refused.
Cook is the first openly gay CEO of a Fortune 500 company while in his position. He came out in an open letter supporting equality. Cook calls the news of his sexual orientation a “yawner” at Apple.
