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Apple boss to donate millions to charity

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Tim CookAmerican multinational Apple’s chief executive Tim Cook has announced that he will donate millions of dollars of his wealth to charity before he dies, a media report said .

Cook said he would leave his wealth, worth over $800 million, to philanthropic causes after paying for his 10-year-old nephew’s college education, BBC reported citing a Fortune magazine interview.

With the commitment, Cook has become part of a growing trend among wealthy individuals like Facebook founder Mark Zuckerberg who are giving away their fortunes to charity.

According to Fortune magazine, Cook holds $120 million worth of Apple shares and a further $665 million of restricted stocks.

 

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