Tim Cook is worth $625 million and leads a $1 trillion company — but he reportedly buys discounted underwear and wants to give his money away after paying for his nephew's tuition
- Apple CEO Tim Cook's net worth is estimated to be $625.37 million.
- That's mostly from Apple stock options.
- But the native Alabaman doesn't live very lavishly.
Apple CEO Tim Cook, 58, leads the first company in the world to become worth $1 trillion.
But he actually is a lot less wealthy than leaders of other, less revenue-generating corporations. He's worth "only" $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.
Tim Cook is worth at least $625.37 million, according to a 2017 estimate by data company Equilar reported by Time.
Source: TIME
The bulk of that is from his total stock options and shares in Apple, which total nearly $622 million. Cook is also on the Nike board of directors, where he has $3.4 million in stock options.
Source: TIME
Cook's actual net worth is certainly even higher than that — but information on his property, investment portfolio, and cash on hand isn't publicly available.
Source: TIME
See the rest of the story at Business Insider