Apple CEO Tim Cook said that all his wealth he will donate to charity, according to Reuters.But first he will pay his education 10-year-old nephew.
According to Cook, he had already allocated money for charity, but then Apple CEO plans "do not just write checks", but to develop a systematic approach to this process. In particular, the CEO is going to subsidize the fight against the spread of AIDS, human rights and reform of the immigration system in the United States.
Fortune estimates the state chapter of the American corporation at $ 800 million. The net asset value Cook, given its share of Apple, is about $ 120 million. After taking office in 2011, Cook has received 1 million restricted shares of Apple, which cost then estimated at $ 376 million, but now is already $ 665 million.
Cook salary is $ 1.75 million, according to Bloomberg, citing a report on Apple before the Securities and Exchange Commission. Last year, the CEO earned $ 9.22 million, which is two times its earnings for 2013. Another $ 6.7 million Cook received as bonus payments for the last fiscal year that ended in September 2014.
Cook on revenue growth has affected the success of the launch of new iPhone, released in September last year, after the presentation which the value of Apple exceeded $ 700 billion. Two months later, the company's shares on the NASDAQ rose to $ 119.75 per security.
In February this year, Apple became the first American company whose market capitalization at the end of trading on the Exchange exceeded $ 700 billion. The status of the world's most valuable company Apple keeps from 2013, when it surpassed the capitalization oil ExxonMobile.