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 who was recently awarded a $378 million stock incentive.
Cook 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, seven-bedroom home with more than half an acre of land. Jobs’ former house is estimated to be worth $2.6 million, and its location is only a little more than a mile away from Cook’s home.
Jobs was known for his quiet lifestyle. The world-renowned tech billionaire did not live in a gated community and was frequently seen walking around the neighborhood with his wife.
In Adam Lashinsky’s upcoming book Inside Apple, “>Cook comments on his living situation. “I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that,” Cook said. “Money is not a motivator for me.”