Apple CEO Tim Cook becomes a billionaire for the first time

Apple CEO Tim Cook has for the first time become a billionaire as the Cupertino-based iPhone maker broke all previous records and is now the world’s most valued company at over $1.84 trillion.

The net worth of Cook has crossed the $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.

Last week, Apple surpassed Saudi Arabia’s state-owned oil company Saudi Aramco to become the world’s most valuable company.

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.

Cook, however, still has a long way to go to catch 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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