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Apple CEO Tim Cook's Net Worth Exceeds $1 Billion as Apple's Stock Soars

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Apple CEO Tim Cook's net worth has climbed to over $1 billion, according to calculations by Bloomberg's Billionaires Index.

timcooktulane.jpg

At a net worth of $1 billion, Cook doesn't rank on the chart of the world's 500 richest people, a list topped by Amazon CEO Jeff Bezos and former Microsoft CEO Bill Gates. According to Bloomberg, Cook's net worth was calculated using regulatory filings and market performance.

When former Apple CEO Steve Jobs died in 2011, Apple was valued at approximately $350 billion, and the company has grown significantly under Cook's leadership. Much of Cook's fortune stems from stock awards provided when he took over as CEO. He was awarded with restricted stock units that have vested over time, and has garnered additional stock awards as Apple has outperformed at least two thirds of the firms in the S&P 500.

Later this month, Cook is set to receive his ninth payout, which will include 560,000 shares of Apple stock and should boost his net worth by approximately $100 million.

Cook has said in the past that he plans to give most of his money away to charity, and that he's developing a "systematic approach to philanthropy." For the last several years, Cook has donated $5 million in stock to various charities on a yearly basis, though the charities have gone unnamed and it's unclear if there have been other undisclosed donations.

Article Link: Apple CEO Tim Cook's Net Worth Exceeds $1 Billion as Apple's Stock Soars
 
Article Link
https://www.macrumors.com/2020/08/10/tim-cook-net-worth-1-billion/
dannyyankou said:
Even eliminating his salary would be a drop in the bucket compared to his stock. Zuckerberg takes a $1 salary and he’s worth $100 billion. Tim Cook owns nearly $400 billion in Apple stock, and that doesn’t include shares he’s already cashed out on.
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There is no way that Tim Cook has $400 BILLION in stock. $400 Million... maybe... not BILLION... LOL
 
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I wanted to buy a few shares but Robinhood said it would take five days to do the transfer from my savings account.
 
urnotl33t said:
So yeah, Tim deserves it. He deals with more stress than any of us here.
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I am procapitalist with a social safety net, but I cannot understand any amount of logic that would say that Tim Cook is worth it or is under 4000 million times more stress than I am, or works 4000 000 000 times more than I do - or than his office cleaning staff...

He is smart and competent although I disagree with the number of his decisions, but we have to face the fact that a lot of it is just luck and the leverage/network effect that a hyper-globalised economy gives.
 
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