San Francisco, CA – Apple Inc Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth.
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Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity – after paying for his 10-year-old nephew’s college education.
“You want to be the pebble in the pond that creates the ripples for change,” Cook told the magazine.
Fortune estimated Cook’s net worth, based on his holdings of Apple stock, at about $120 million. He also holds restricted stock worth $665 million if it were to be fully vested.
The 54-year-old CEO’s revelation in Fortune’s lengthy profile of him is an example of the increasingly public philanthropy of the world’s richest people.
Billionaire financier Warren Buffett is encouraging the very wealthy to give away at least half their worth in their lifetimes through the “Giving Pledge,” whose website lists such luminaries as Microsoft Corp’s
While Cook’s largesse could not begin to approach the scale of a Gates or Zuckerberg, both worth billions of dollars, the Apple CEO told Fortune he hopes to make a difference.
Cook, who is not listed on the website, is known as an intensely private person who shuns the spotlight on philanthropy.
In recent years, however, he has begun speaking out more openly about issues ranging from the environment to civil rights. Cook, who recently revealed he was gay, spoke out against discrimination of the lesbian, gay, bisexual and transsexual communities during his induction into the Alabama Academy of Honor last year.
He told Fortune he has started donating money to unspecified causes quietly and is trying to develop a more “systematic approach” to philanthropy that goes beyond writing checks.
Change is not a poor day. But to give it all away is probably something to leave in your will. Still, good idea at some context. If he can not have a child in wedlock due to his prescribed needs of same-sex predilection, maybe he has no future to support any child of course.
But still, I do not think this makes him progressively hopeful to the social directions of American life.
Just a candid man who wants to share the world with the pain of suffering.
So hope he writes a check to a yeshiva perhaps, but maybe it will just be for the issues that touch his heart.
Something tells me as long as he pays his bills, the IRS wont care.
Tax man, who is happier?
Valued I guess.
Why should he write a check to yeshiva? He believes in education and computers. Many of our schools expel if they catch us with one hidden in our house!
Good for him.
Wonder if anyone can direct me to him. Maybe he can purchase some real estate in B.P. so that I have a normal house and landlord to live in…Don’t want any freebees, but maybe I can be a tenant and enjoy normal living conditions, because mine are deplorable with my landlord not giving a hoot..And going out for a new apartment is impossible. Rents are impossible, so I’m stuck here..And … I’m being really serious. Trying everything to make my life liveable.
We see all these goyim and non frum yidden giving away hundreds of millions of dollars. Where are the frum multi millionaires and billionaires? When one of them give a million dollars everyone goes wow. Bottom line our wealthy are busy hoarding their money for their children and are not really giving what they should.even the few individuals who do give are giving a spit in the bucket compared to these people. What further proof do you need then all the banks opening in Boro Park and Flatbush while branches are closing all across the city simply because this is where the money is and people are putting it in the bank instead of putting it to good use
To support 90 einoklech in kollel but living on a high standard. Is not a full tzedaka . Our society has mixed up what is a necessity and what is luxury
I highly doubt 1 penny of this will go to things that are not evil causes.