Apple CEO is now a billionaire

Ruben Fields
August 13, 2020

However, even at $1 billion, Cook doesn't make the list of the world's 500 richest people, a list topped by Amazon CEO Jeff Bezos and former Microsoft CEO Bill Gates. Well, he is Apple's CEO, and he's now in the billionaire's club.

Also, he only directly owns "about 0.02 percent of Apple shares, worth around $375 million", according to Bloomberg Billionaires. Under cook, Apple as of late turned into the world's most esteemed traded on an publically traded organization, outperforming state-claimed oil organization Saudi Aramco. His entry into the "three-comma club" is unusual because he didn't found Apple, notes the Verge.

That puts Cook among an "elite" group of billionaire CEOs who did not start the companies they lead, Bloomberg reported. In 2015, he said he planned to give most of his fortune away and has already donated millions of dollars worth of Apple shares.

Out of all these stocks, Apple has become the greatest cash generation machine in history.

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Most of his estimated wealth comes from awards he's received since joining Apple in 1998, where he has drawn plaudits for mastering the company's complex supply chain.

The market capital of Apple is now around $1.9 trillion.

Over the years in charge, Cook's salary at Apple has gone up and down, depending on how well Apple's share price has performed.

Cook reached this milestone based on the shares of Apple that he owns in addition to the compensation he is paid - he owns 847,969 shares of the California-based company and his compensation was a total of $125 million a year ago. Since he took over as the chief of the technology company, he has helped double the profits and revenue of the organization.

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