Tim Cook Net Worth $790 million
Tim Cook salary $9,000,000
Tim Cook Net Worth: How rich is Tim Cook? & How much money is Tim Cook worth? Time to find out!
Tim Cook is an American business executive, industrial engineer, and developer and his current net worth is $790 million.
Born in Mobile, Alabama and raised in Robertsdale by his father, a shipyard worker, and his mother, who worked in a pharmacy.
He graduated Robertsdale High School and went on to earning in 1982, a Bachelor of Science in industrial engineering at Auburn University. In 1988, he got his Master of Business Administration from Fuqua School of Business, Duke University.
His 12 years spent at IBM coincided with him going to business school. Eventually ending up getting named the director of North American fulfilment.
Later on, he served as Chief Operating Officer in Intelligent Electronics. In 1997 he spent six months as the Vice President for Corporate Materials at Compaq.
How did Tim Cook get famous?
Steve Jobs offered Tim a job at Apple in 1998. Firstly, he served in the position of Senior Vice President for worldwide operations.
His decisions in this positions affected Apple’s business and manufacturing side. Investments in flash memory were made from 2005, guaranteeing the life and popularity of the iPod.
He kept costs under control, generating huge profits when combined with the company’s marketing.
In 2007 he got promoted to lead operations and in 2009 to Chief Executive. During this time, Steve Jobs took a leave of absence for health issues. Tim made the day-to-day decisions for Apple while Steve focused on the major issues.
After Steve Jobs stepped down from the job as CEO, Tim filled the position. Steve Jobs passed away a few weeks later.
How does Tim Cook make money?
Under their influence and leadership, the company went on to being a $100 billion company.
Time magazine included Tim in the annual “100 Most Influential People in the World” in 2012.
In 2012 The New York Times named him the highest-paid CEO among large publicly traded companies.
In an editorial for Bloomberg Business in 2014, he came out as being gay.
Apple announced its biggest acquisition in 2014, buying Beats Music and Beats Electronics for $3 billion. Dr. Dre and Jimmy Iovine joined the company in executive roles.
Tim’s first new product under his reign, the Apple Watch, still rises in sales.
Fortune reported that Tim has stocks in Apple worth more than $120 million, which he said he plans to donate.
His salary at Apple, his diverse investments, and stock awards and bonuses bring him more than $8 billion per year.