Apple CEO Tim Cook reaches the billionaire rank. Thanks to the rise in the value of Apple shares owned by the executive of the company, he joins the select group. A heritage, which, as Cook himself has already expressed on other occasions, donate almost entirely to charity.
According to Bloomberg in his billionaires index, the Apple executive has exceeded this figure thanks to the rise in the value of Apple shares it receives, in addition to his salary, as compensation for his services to Apple. With a net worth of more than $ 1,000,000,000 Cook does not make the list of the 500 richest people in the world, a list led by Amazon CEO Jeff Bezos and Microsoft founder Bill Gates.
When Steve Jobs left the company in 2011, Apple was valued at $ 350 billion, now, after nearly 10 years with Tim Cook as CEO, the market capitalization is close to reaching $ 2 trillion. To achieve it soon Apple will be the first company in history to reach a capitalization of one trillion and subsequently two trillion dollars. Two trillion, that is to say 2,000,000,000,000 dollars, to give some more context to such astronomical figures.
In the past Tim Cook has already revealed that he will donate the vast majority of his wealth to charity, after paying for his nephew’s full education, and that is developing a “systematic approach to philanthropy”. To our knowledge, over the past few years Apple has donated $ 5 million worth of stock to various charities. We do not know which organizations the money went to or if there are more donations that Tim Cook has made that may have gone unnoticed.
Similar to Steve Jobs, who earned no more or less than a dollar a year for his role as CEO of Apple, Tim Cook, according to several interviews, seems to attach little importance to the money he receives from the company and to focus much more on what that he can offer to Apple.
Share Tim Cook is now a billionaire thanks to the rise in AAPL, a fortune that he will donate almost entirely to charity