Apple CEO Tim Cook is Now a Billionaire

Apple CEO Tim Cook is Now a Billionaire

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Apple CEO Tim Cook is now a billionaire, according to calculations by the Bloomberg Billionaires Index.

He currently owns 847,969 shares directly, or about 0.02% of Apple shares, worth around $375 million. Proceeds from previous share sales, dividends and other compensation add another $650 million to his net worth, according to calculations by Bloomberg.

Back in 2015, Cook revealed that he plans to give all his money away to charity after paying for his nephew's college education.

At the time, Cook said he had already begun donating money quietly. He planned to develop a systematic approach to philanthropy rather than just writing checks.

Apple's stock currently has a market cap of $1.93 trillion, that's up from around $350 billion when Jobs died.

More details in the full report linked below.

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Apple CEO Tim Cook is Now a Billionaire

1reader - August 11, 2020 at 5:13pm
Oh, poor guy, now he can run for president 😷