Amongst the world's most successful billionaires, Tim Cook is perhaps one of the names that has the most power from all big tech companies. When Apple founder Steve Jobs passed away, Tim Cook became the face of the company and took it to the highest level you can think of. Today, the Apple products dominatemarkets around the world. Since then, the company has a market capitalization of a whopping $2.65 trillion. To even think about that number is daunting, they have a worth that only organizations such as the Department of Defense are handling. But despite this incredible success, the Apple CEO is nowhere neat the list of the wealthiest people on earth. He doesn't even make it to the Top 1,000 of the richest.
How much does Tim Cook get paid by Apple?
Uder Tim Cook, Apple has released amazing products such as the Apple Watch or the Apple AirPods. Instead of investing at Apple, the CEO currently owns a very small percentage of the company's stock shares. That is where he gets his revenue from. As of last October, 2023. Tim Cook held 3,280,052 shares of Apple's common stock. This information was initially reported by Forbes. After the major sell-off last year, Cook sold 241,000 shares and made a reported $41.4 million in cash after taxes. But Cook still maintains .02% stake in the company that translates into roughly $561 million.
You would think that having one of the highest positions in the big tech world would make you one of the wealthiest people in the world but Tim Cook doesn't operate like that. Despite not even making the thousandth wealthiest person in the world, Forbes estimates he is worth a reported $2.5 billion. That is more than enough money to have his entire family set for life even if he decided to never work again in his life. Back in 2023 alone, Cook earned a reported $63.21 million from his work at Apple.
You would think that having one of the highest positions in the big tech world would make you one of the wealthiest people in the world but Tim Cook doesn't operate like that. Despite not even making the thousandth wealthiest person in the world, Forbes estimates he is worth a reported $2.5 billion.
Tim Cook, CEO of Apple, the second most valuable US company, received a total compensation of $63.2 million in 2023. This is a significant decrease from $99.4 million in 2022. In 2021, Cook's annual compensation was $98.7 million.
Tim Cook Owns Only a Modest Amount of Apple Shares
However, he also received the same number of shares as part of his annual compensation. He maintains a . 02% stake in the company. That makes his share in Apple worth roughly $561 million, roughly one-quarter of his overall net worth.
So, who is going to take over from him? Mark Gurman of Bloomberg, who wrote for Businessweek, suggests that hardware engineering chief John Ternus has emerged as a likely long-term successor to CEO Tim Cook.
Here are the highest-paid CEOs in the US , some of whom have 9-figure compensation packages. Broadcom's Hock Tan tops a list of highly paid CEOs. His comp was valued at $161.8 million in 2023. Most top CEOs' earnings come through stock awards, often payable over several years.
Apple's highest paid executives include: Johny Srouji $24,162,390 and Daniel J. Riccio $24,146,050. Comparably has 2 executive salary records from Apple employees including job titles like VP of Sales, VP of Engineering, and VP of Advertising.
According to the latest TipRanks data, approximately 51.66% of Apple (AAPL) stock is held by retail investors. Who owns the most shares of Apple (AAPL)? Vanguard owns the most shares of Apple (AAPL).
1. Vanguard Group – 1,317,966,471 – 8.47% Vanguard Group, the world's second-largest asset manager, is Apple's largest shareholder among institutional investors.
As most investors know, Apple has been a big winner in the Cook era. As you can see, the stock has outperformed the S&P 500 by a wide margin since Cook took over in Aug. 2011 -- up 1,270% (or 1,530% on a total return basis).
Apple CEO Tim Cook's base salary has been $3 million a year since 2016. His total compensation was $63.2 million in 2023, down from $99.4 million the previous year. Here's a breakdown of his stock awards, performance-based bonuses, and other compensation.
Amongst the world's most successful billionaires, Tim Cook is perhaps one of the names that has the most power from all big tech companies. When Apple founder Steve Jobs passed away, Tim Cook became the face of the company and took it to the highest level you can think of.
Tim Cook (born November 1, 1960, Robertsdale, Alabama, U.S.) is an American technology executive who was the chief executive officer (CEO) of the computer manufacturer Apple Inc., from 2011 onwards.
Pick something you'd happily do even if it only paid $1 a year, and make that your career goal. Although Steve Jobs's salary was just $1, he owned 5.5 million Apple shares, so when the shares rose, he became a lot richer.
The average CEO salary in the United States is $840,500 as of May 28, 2024, but the range typically falls between $635,200 and $1,083,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Tim Cook has been the CEO of Apple Inc. since 2011. The company has had seven chief executives since its founding in April 1976 and incorporation in 1977, with Michael Scott in charge until 1981.
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