Tim Cook’s 2,400 Square-Foot Home In Palo Alto Keeps Him Rooted
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.
The Jobs residence in Palo Alto, California
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.
Alex Heath is a news contributor at Cult of Mac. He previously served as an editor for iDownloadBlog. You can find out more about him on his 
