Tim Cook is one of the world’s top CEOs, but you wouldn’t know that by where he lays his head at night. The recently-appointed head of Apple, Inc. lives in a 2,400 square foot, relatively modest home in Palo Alto, California.
The four-bedroom condo boasts a tiny yard and small adjunct section of real estate in the back. Not much for a man that was recently awarded a $378 million stock incentive.
Cook has already cashed in more than $100 million in Apple stock, and he’s set to cash in a whopping $378 million stock bonus if he stays with Apple for the next 10 years. He made $900,000 in salary for 2011, and he purchased his Palo Alto condo for $1.9 million in 2010.
To put Cook’s dwelling into perspective, Steve Jobs lived in a 5,678 square-foot, 7-bedroom home with over half an acre of land. Jobs’s former house is estimated to be worth 2.6 million, and its location is a little more than a mile away from Cook’s home.
Jobs was known for his quiet lifestyle. As a world-renowned billionaire, Jobs did not live in a gated community and was frequently seen walking around the neighborhood with his wife.
In the upcoming book Inside Apple by Fortune‘s Adam Lashinsky, Tim Cook said the following:
I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that. Money is not a motivator for me.