How Apple CEO Tim Cook plans to donate his fortune

Before you go, we thought you'd like these...
Before you go close icon
Apple CEO Tim Cook Plans To Donate His Fortune

Just before Tim Cook announced details on Apple's latest coveted gadget, the Apple Watch, the CEO sat down with Fortune to discuss filling the late Steve Jobs' shoes and what he's going to do with his estimated nearly $800,000,000 legacy.

In the lengthy interview, Cook -- who took over for Jobs in 2011 -- says he's different from his groundbreaking predecessor. Fortune put together a handy little chart to help visualize those differences.

10 PHOTOS
Tim Cook - Apple CEO
See Gallery
How Apple CEO Tim Cook plans to donate his fortune
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook gestures on stage during an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook stands in front of an MacBook on display after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
SAN FRANCISCO, CA - MARCH 9: Apple CEO Tim Cook waves from stage after an Apple special event at the Yerba Buena Center for the Arts on March 9, 2015 in San Francisco, California. Apple Inc. announced the new MacBook as well as more details on the much anticipated Apple Watch, the tech giant's entry into the rapidly growing wearable technology segment as well (Photo by Stephen Lam/Getty Images)
Tim Cook, chief executive officer of Apple Inc., right, waves to customers while leaving the sales launch for the iPhone 6 and iPhone 6 Plus at the Apple Inc. store in Palo Alto, California, U.S., on Friday, Sept. 19, 2014. Apple Inc.'s stores attracted long lines of shoppers for the debut of the latest iPhones, indicating healthy demand for the bigger-screen smartphones. The larger iPhone 6 Plus is already selling out at some stores across the U.S. Photographer: David Paul Morris/Bloomberg via Getty Images
Tim Cook, chief executive officer of Apple Inc., left, and the band U2 gesture during a product announcement at Flint Center in Cupertino, California, U.S., on Tuesday, Sept. 9, 2014. Apple Inc. unveiled redesigned iPhones with bigger screens, overhauling its top-selling product in an event that gives the clearest sign yet of the company's product direction under Cook. Photographer: David Paul Morris/Bloomberg via Getty Images
CUPERTINO, CA - OCTOBER 16: Apple CEO Tim Cook speaks during an Apple special event on October 16, 2014 in Cupertino, California. Apple unveiled the new iPad Air 2 tablet, iPad Mini 3 and a Retina iMac. (Photo by Justin Sullivan/Getty Images)
SAN FRANCISCO, CA - JUNE 02: Apple CEO Tim Cook walks off stage after speaking during the Apple Worldwide Developers Conference at the Moscone West center on June 2, 2014 in San Francisco, California. Tim Cook kicked off the annual WWDC which is typically a showcase for upcoming updates to Apple hardware and software. The conference runs through June 6. (Photo by Justin Sullivan/Getty Images)
BEIJING, CHINA - JANUARY 17: (CHINA OUT) Tim Cook, Chief Executive Officer of Apple Inc., visits a China Mobile shop to celebrate the launch of iPhone 5S and iPhone 5C on China Mobile's fourth generation (4G) network on January 17, 2014 in Beijing, China. Apple Inc. and China Mobile Limited, the world's largest carrier with over 760 million subscribers, signed a deal on December 23, 2013 after six years of negotiations. (Photo by ChinaFotoPress/ChinaFotoPress via Getty Images)
Tim Cook, chief executive officer of Apple Inc., displays the iPad Air for a photograph during a press event at the Yerba Buena Center in San Francisco, California, U.S., on Tuesday, Oct. 22, 2013. Apple Inc. introduced new iPads in time for holiday shoppers, as it battles to stay ahead of rivals in the increasingly crowded market for tablet computers. Photographer: Noah Berger/Bloomberg via Getty Images
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

According to the chart, Cook "trumpets philanthropy and encourages employee giving" while Jobs "pooh-poohed corporate philanthropy"

Cook intends to carry that philanthropic thread right over into his personal wealth. He's worth about $120,000,000 with an additional almost $700,000,000 in restricted Apple stock. The CEO plans to pay for his nephew's education and give away the rest to charity, which he says he's already doing.

"You want to be the pebble in the pond that creates the ripple for change," Cook said.

When it comes to change, Apple is less of a pebble and more of a boulder. The Apple Watch comes out April 24th and starts at about $350. If you can afford it, the gold one will run you $17,000.

In 2014, Apple said it sold $10,000,000 of the latest iPhone in the first weekend.

More to see:
Pepsi knocks out Diet Coke as second most popular soda in US
Is Taylor Swift dating Rita Ora's ex Calvin Harris? See the pics!
Woman found guilty of firing shot into McDonald's drive-thru after getting baconless burger
Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners