CEO Tim Cook To Give Away All His Money

Chief Executive of Apple Inc., Tim Cook, is planning to give away his wealth.  The head of the world’s largest technology corporation says he plans to donate his estimated $785 million fortune to charity after paying for his ten-year-old nephew’s college education.  “You want to be the pebble in the pond that creates the ripples for change,” said Cook.

Although Cook’s fortune is not as massive as Gates or Zuckerberg, who are both worth billions, the Apple CEO said he hopes to make a difference.  In recent years, Cook has begun speaking out about issues ranging from the environment to civil rights.  Cook has already started donating money to unspecified causes quietly and is trying to develop a more “systematic approach” to philanthropy that goes beyond writing checks.

See Reuters, Apple’s Tim Cook Will Give Away All His Money, Yahoo Finance, March 26, 2015.