Apple CEO, Tim Cook has become a billionaire as the tech company becomes the world’s most valued company at over $1.84 trillion.
According to Bloomberg, Tim Cook’s net worth reflects a mix of the salary he’s earned at Apple, the number of shares he holds in the firm, and the proceeds from his share sales.
Tim Cook currently holds 847,969 Apple shares, which at the current stock price are worth more than $380 million. In 2019, Cook’s compensation package included a $3 million base salary and around $7.6 million in incentive pay, making him one of the highest-paid CEOs in the US.
However, he still has a long way to go before he catches up to the other CEOs on the Bloomberg Billionaires list.
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 the company 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.