The president of Apple, Tim Cook, recently received no less than 560.000 shares for keeping his position within the company from 2011 until now, but also for his performances. The total value of the shares would be about 130 million dollars, and last night Tim cook sold 265.160 of them to collect about 58 million dollars.
The amount obtained by the president of the Apple company is very large, and after paying the taxes he will be left with a substantial amount, of which he will most likely donate a part to charity. Tim Cook is known for the fact that he supports various foundations, and recently he donated Apple shares worth 5 million dollars to a charity organization.
The Decision Taken by the President of Apple Last Night
Over time, Tim Cook has sold quite a large number of the shares he received from the Apple company, but not because he does not trust the company's future. Tim Cook sells his shares to buy what he wants, but also to donate money for various purposes, last year he received shares and money totaling 102 million dollars.
Tim Cook currently has an estimated fortune of 600-700 million dollars, and the majority of this amount is made up of the shares he owns in the Apple company. Tim Cook announced that he wants to donate the vast majority of his wealth until he dies, and since he has no children, his decision seems to be quite logical, especially since he is not even married.
