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

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

tim cook
Tim Cook’s net worth is estimated around $625 million.
Richard Drew/AP

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, Time reports.

Marcio Jose Sanchez/AP

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.

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That’s relatively low compared to other tech CEOs. Jeff Bezos, Bill Gates, Mark Zuckerberg, and Larry Page are all worth tens of billions.

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In 2017, Cook’s salary as CEO was $3 million. That’s up from his first year as CEO in 2011, when his salary was $900,000.

Justin Sullivan/Getty Images

Sources: Apple regulatory filings from 2018 and 2012

Cook, who came out as gay in 2014, is not married and has no children. He leads a private, solitary life, but here’s what we know about how he spends his fortune …

Mark Lennihan/AP

“I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that,” Cook said. “Money is not a motivator for me.”

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Cook spends most of his time at the office — which reportedly includes waking up at 3:45 a.m. to start reading and responding to emails.

Marcio Jose Sanchez/AP

As for travel, Cook is often on the move for work. Apple spent $93,109 last year on Cook’s private plane alone.

Emily Wang/AP

Source: Apple regulatory filing from 2018

But he keeps it domestic when it comes to personal travel, visiting spots like Yosemite National Park.

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One of his known vacations was to New York City with his nephew. He showed the tween boy around the New York Stock Exchange in 2016.

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Indeed, Cook’s most-known hobby is his love of fitness, hiking, and cycling.

Justin Sullivan/Getty Images

Cook goes to the gym at 5 a.m. every morning — but not the Apple company gym, so he can keep a low profile.

Drew Angerer/Getty Images

But we do know that Cook likes to spend money on political causes. He’s thrown fundraisers for politicians like Barack Obama and Hillary Clinton.

Jacquelyn Martin/AP

And, besides paying for his nephew’s college education, Cook plans to give away all of his money to charity when he dies. “You want to be the pebble in the pond that creates the ripple for change,” he told Fortune in 2015.

Scott Olson/Getty Images


Tim Cook
Net Worth

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