Apple CEO Tim Cook became a billionaire

Cook's new billionaire status is rare, because he is not the founder of "Apple".

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Cook, Photo: AP Photo
Cook, Photo: AP Photo
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The CEO of Apple, Tim Cook, has become a billionaire, after leading the world's most valuable company for almost a full decade.

The estimate of Cook's net worth, according to the Bloomberg Billionaires Index, jumped after Apple's shares rose last week to approach the $XNUMX trillion mark.

Apple's market capitalization is currently around 1,9 billion dollars, reports Biznisinfo.

The company's shares have risen nearly 54 percent this year to nearly $451 each, outperforming the broader market and the S&P 500 technology sector.

The world of technology has produced many billionaires, including the world's richest man, Amazon founder Jeff Bezos, and Facebook co-founder Mark Zuckerberg.

However, Cook's new billionaire status is rare, as he is not the founder of Apple.

Google CEO Sundar Pichai, for example, is not among Silicon Valley's richest players, but Google co-founders Larry Page and Sergey Brin, who stepped down from the executive position last year, are worth about $71,7 billion and $69,5 billion, respectively.

Cook currently directly owns only about 0,02 percent of Apple's shares, worth about $375 million.

He has received substantial awards and other benefits over the years, which add to his estimated wealth.

Last year, Cook's annual base salary was three million dollars. He is also on the board of directors of Nike.

Cook joined Apple in 1998 and held various senior positions before assuming his current role.

He was named CEO in August 2011, after the company's co-founder, Steve Jobs, stepped down and died a few weeks later.

Before joining Apple, Cook worked at Compaq and IBM.

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