Apple boss Tim Cook shuns expensive underwear – so how does he spend his millions?
Cook leads a private, solitary life, buys discounted underwear and wants to give all his money to charity when he dies
Apple CEO Tim Cook, 58, leads the first company in the world to become worth US$1 trillion.
But he is a lot less wealthy than leaders of other, less revenue-generating corporations. He’s worth “only” US$625 million, while folks like Mark Zuckerberg and Larry Page are worth tens of billions.
Cook, who is the son of a shipyard worker and a pharmacy employee, said he’s not motivated by money, and that shows through in what we know about the private CEO’s habits.
Here’s how Cook made his millions and what he does with them.
The bulk of that is from his stock options and shares in Apple, which are nearly US$622 million. Cook is also on the board of directors for Nike, where he has US$3.4 million in stock options.
Cook’s net worth is certainly even higher than that – but information on his property, investment portfolio, and cash on hand isn’t publicly available.
That’s relatively low compared to other tech CEOs. Jeff Bezos, Bill Gates, Mark Zuckerberg and Larry Page are all worth tens of billions.