Apple CEO how to use the $ 625 million fortune

Tram Ho

Apple CEO Tim Cook runs a company with a market cap of up to $ 1,000 billion. But he was much poorer than the leaders of other corporations.

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Apple CEO “only” owns about $ 625 million in assets according to Forbes estimates, while Mark Zuckerberg (Facebook) or Larry Page (Google) have tens of billions of dollars.
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Tim Cook, the son of a pharmacist and factory worker, insists he is not dominated by money. And that is also reflected in the habits of this 58-year-old millionaire.
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Tim Cook’s main source of wealth comes from Apple stock, worth nearly $ 622 million . He also owns $ 3.4 million shares of Nike.
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Tim Cook’s net worth may be even higher, but his wealth, portfolio and cash information is not public. One thing for sure, though, is that Apple’s CEO’s total assets are lower than other tech corporations’ leaders like Jeff Bezos, Bill Gates, Mark Zuckerberg and Larry Page.
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In 2017, the CEO’s salary was $ 3 million . This salary increased significantly from 900,000 USD / year in 2011, the first year Tim Cook was Apple CEO.
Apple is managing to use $ 625 million in the US at $ 6 million
The big boss, Apple, has been gay since 2014 and doesn’t marry or have children. He lived a private, discreet and simple life. Tim Cook is an extremely frugal millionaire. He usually buys underwear during the annual Nordstrom discount season.
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“I like to remind myself of my birthplace and learn to live modestly. Money is not motivating for me, ”said Tim Cook.
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The house in Palo Alto (California, USA) that Tim Cook has lived since 2012 is worth 1.9 million USD . This is a fairly modest price in the city of Bay Area. The apartments here cost an average of US $ 3.3 million .
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Tim Cook spends most of his time in his office. He wakes up at 3:45 am to read and respond to emails.
Apple is managing to use $ 625 million at the beginning of the year
Tim Cook was once recorded on the holiday vacation in New York with his grandson in 2016. He took the 12-year-old boy around the New York Stock Exchange.
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Apple boss often go on business. Apple paid $ 93,109 for the cost of Tim Cook’s private jet last year. When traveling, Tim Cook chooses only local locations, such as Yosemite National Park.
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The 58-year-old millionaire loves to exercise, especially hiking and cycling. He goes to the gym at 5am every day.
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Cook also spends money on his political career. He has contributed money to politicians like Barack Obama and Hillary Clinton.
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In addition to paying for his grandson to go to college, the Apple boss plans to use all of his fortune to make charitable donations after his death. “You want to be a little stone thrown into the lake but can create many ripples,” he told Fortune in 2015.
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Source : Zing