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, 57, is at the helm of the only company in the world that's 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, Jeff Bezos, 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.

SEE ALSO: Apple is officially worth $1 trillion — take a look inside the daily routine of CEO Tim Cook, who wakes up before dawn and gets 700 emails a day

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

Contributer : Tech Insider https://ift.tt/2My3Mhm

Something that you might miss to see?