Apple's Tim Cook to donate his wealth: Fortune

WASHINGTON (REUTERS) - Apple chief executive Tim Cook said he planned to give away all his wealth, Fortune magazine reported.

Cook, 54, told the magazine that he planned to donate his fortune to charity after providing for his 10-year-old nephew's education.

Fortune estimated Cook's net worth, based on his holdings of Apple stock, at about US$120 million (S$164 million).

He also holds restricted stock worth US$665 million if it were to be fully vested.