Apple’s Tim Cook will donate fortune before he dies
Apple CEO Tim Cook will give away his $785m fortune before he dies, to become the latest in a line of the super-rich pledging to donate their personal fortune to charity.
Apple CEO Tim Cook will give away his $785m fortune before he dies.
Cook has become the latest in a line of super-rich people pledging to donate their personal fortune. Before his death, the Apple boss will use his fortune to make sure his 10-year-old nephew gets through college, as well as staying committed to his current philanthropic projects.
Cook made the comments in a recent interview with Fortune Magazine, when he declared that he will take a more systematic approach to donating in the future.
Soon after Steve Jobs’ death in 2011, Cook launched ‘a matching gift programme’ for donations made by Apple employees – every time Apple staff make a donation to a non-profit organisation, the company will equal the donation, up to $10,000 annually.
Microsoft co-fonder Bill Gates is also well known for his philanthropic duty, pledging to give away billions of his accumulated wealth. Faceook founder Mark Zuckerburg contributed $25m last year alone to combat the Ebola virus.
Both Gates and Zuckerberg have signed up to business magnate Warren Buffett’s Giving Pledge promise, a “a commitment by the world’s wealthiest individuals and families to dedicate the majority of their wealth to philanthropy.”
Virgin’s Richard Branson has also signed up.