Apple's CEO Tim Cook Pockets $750 Million Payout

Published August 29th, 2021 - 06:30 GMT
Apple's CEO Tim Cook Pockets $750 Million Payout
Tim Cook, Apple CEO. (Shutterstock)
Highlights
Cook has a net worth of around $1.4 billion.

As he marks 10 years in as Apple's Chief Executive, Tim Cook has collected more than five million in shares, which are roughly worth $750 million.

This comes as a part of a pay deal Cook has inked 10 years ago with the giant behind the iPhone, iPad, and MacBook. The 60-year-old CEO and billionaire's pay deal, which runs to the end of 2026, depends on Apple's shares performance compared to other companies on the S&P 500 stock index.

Cook

When Cook took over Apple from co-founder Steve Jobs, the firm's share price soared 1,200 percent, and market value risen above $2 trillion.

According to the Forbes Billionaire's Index, Cook has a net worth of around $1.4 billion.


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