Apple CEO Tim Cook made US$41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed.
As noted by Reuters, Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. He made $355 million from a stock sale in August 2021. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed.
In a 2015 interview with Fortune, Cook said that he planned to give away all his wealth, after paying for his nephew’s college education. Cook said that he would take a “systematic approach to philanthropy.”
Article provided with permission from AppleWorld.Today