Apple CEO To Give Away Fortune

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Warren Buffett and Bill Gates launched The Giving Pledge in 2010 — a campaign to persuade billionaires to give at least half of their fortunes to charity.

Yet some billionaires are giving their fortunes away in their own way. Last year, co-founder of Jack Ma, Alibaba started a multi-billion dollar charity.

According to Fortune, Apple CEO Tim Cook who is close to becoming a billionaire, says he will pay for his nephew’s college education, then donate the rest of his wealth to philanthropic projects.

Cook whose pay at Apple more than doubled last year to $9.2 million, has $145 million worth of stock awards vested and another $536 million in stock awards to come, so he has plenty of funds to give away.

He assumed his post at Apple in 2011 after Steve Jobs resigned.

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