Tim Cook Apple’s CEO joins the billionaire league after the Cupertino-based iPhone maker broke all the previous records and leading the firm into becoming the world’s most valued company at over $1.84 trillion over the Saudi-Arabia State-owned Aramco Oil company.
Tim Cook’s net worth according to the Bloomberg Billionaires Index has eclipsed $1-billion mark, officially making him a billionaire.
“Cook owns 847,969 shares directly and took home more than $125 million last year as part of his pay package,” reports the BBC.
The milestone comes 9-years after Tim Cook took over from Steve Jobs, who died in October 2011. The massive earnings helped Apple shares closed up 10.47 percent to become the world’s most valuable publicly-traded company, surpassing the largest oil producer in the world.
Apple is now closing in on the milestone of being the first company to be valued at $2 trillion. Back in 2018, Apple was also the first US company to cross the $1-trillion mark.
However, Cook still has a long way to meet up with other CEOs on the Bloomberg Billionaires’ list, like Amazon Founder and CEO Jeff Bezos ($187 billion), former Microsoft CEO Bill Gates ($121 billion) and Facebook CEO Mark Zuckerberg ($102 billion).
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