How Tim Cook, CEO of Apple – who buys his underwear in sales – spends his US$625 million fortune
The head of the tech giant prefers a frugal lifestyle, encourages his company to support philanthropy and plans to give away everything when he dies
American technology executive Tim Cook is worth an estimated US$625 million.
As the head of Apple, he is the first openly gay CEO on the Fortune 500.
This year Apple became the first United States company to be worth US$1 trillion.
Yet compared with his counterparts in the technology world, his net worth is pretty modest.
Google founder and Alphabet CEO, Larry Page, is worth US$53 billion.
I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that
Facebook CEO Mark Zuckerberg is worth just under US$70 billion. And Amazon CEO Jeff Bezos is the first person in modern history to accumulate a fortune north of US$100 billion.
Cook does not lead a lavish lifestyle and has said: “I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that.”
The Alabama native had a humble start in life as the son of a shipyard worker and pharmacy employee.
When he became Apple’s CEO in 2011, his base salary was US$900,000, which had risen to US$3 million in 2017.