Apple CEO Tim Cook Will Donate All His Fortune Except The Fees Of His Nephew
Most of us have heard that the secret of living is giving. The chief executive of Apple, Tim Cook, is however going to actually put this philosophy in practice as he promises to donate all his fortune to philanthropic activities; the only money which he wants to keep reserve is the college expanses of his 10-year-old nephew.
Talking to Fortune magazine, Mr Cook said that Apple has always placed change of the living standards at the top of priority list, way above making money.
“You want to be the pebble in the pond that creates the ripple for change,” he said.
The CEO was in dialogue with the author Adam Lashinsky when he talked on various issues ranging from his leading style to social activities. The promise which Cook is making means charity of around $120 million (net worth), plus the $665 million of the restricted stock.
Even after paying the fees of his nephew, Cook will be giving a huge amount. If he keeps his promise, which I’m sure he will because I believe we should never doubt the intent, he will register his name among those dignified human beings who have served humanity beyond common imagination. Many others have done such notable philanthropic deeds and made themselves immortal including the co-founder of Microsoft Bill Gates.
Gates and Warren Buffet launched a campaign named “Giving Pledge” in 2010. This was an appeal for charity asking American billionaires to donate at least 50% of their total riches. This pledge was able to touch billionaire hearts as many of them including Tesla Motors CEO Elon Musk, business magnate Michael Bloomberg, Facebook CEO Mark Zuckerberg and eBay founder Pierre Omidyar have all booked themselves for this eminent charity.
Cook’s recent statement that he just wants to keep money — money which he earned after toiling away decades of his life — for his nephew shows how dear he is to him. He has actually publicly expressed his love for his nephew. Apple CEO told an audience at New York City’s Climate Week in September 2014:
“I have a nephew that I dearly love that’s 10, and when I look at him, and when I think of leaving a world that’s not as good as when I entered it, there’s no bigger sin than that.”
By making this promise, Tim Cook is going to play his part in making the world a better place to live.