Tim Cook donates $5 million in stock to charity

If Bill Gates is known for the foundation he created with his wife Melinda Gates, he is not the only boss at the head of a technology company to make significant donations to charity. This time, it was Tim Cook who donated 10,715 shares of Apple stock to charity, as documented in an SEC document.

This is not the first time that Cook has made such a donation, knowing that these usually take place at the same time of year. As always, the name of the charity has not been publicly revealed, which certainly avoids any risk of controversy that could impact the image of the apple brand.

One share of Apple stock is currently worth $503.43, which means the donation amount is $5.4 million, about the same as in previous years.

Tim Cook's fortune is doing well, thanks

Tim Cook owns more than 830,000 Apple shares, which represents no less than $422 million. A few years ago, the boss of the American company informedFortunethat he wanted to finance his nephew's studies before donating his entire fortune. Subsequently, he would like to devote himself to a “systematic approach to philanthropy».

At the beginning of August,Cook became a billionaire thanks to the growing success of Apple. However, he remains far from Jeff Bezos (Amazon) and his 186 billion dollars or Bill Gates (former CEO of Microsoft) and his 121 billion. Not long ago, Mark Zuckerberg (Facebook) joined the very private club of billionaires whose fortune exceeds $100 billion.