|Net Worth:||$1.5 Billion|
|Date of Birth:||August 28, 1969 (53 years old)|
|Height:||6 ft 2 in (1.9 m)|
|Nationality:||United State Of America|
What is Tim Cook’s net worth? How does Tim Cook make his money? Below is the current net worth of Tim Cook and how Tim Cook makes his money.
What is Tim Cook’s Net Worth?
Tim Cook is an English business magnate who has a net worth is $1.5 billion. Under past CEO and creator Steve Jobs, Apple’s top market valuation was $350 billion.
Numerous people questioned Tim’s ability to outperform his illustrious lineage once he was chosen CEO in 2011. Apple’s market capitalization as of right now is $2.4 trillion or more.
On November 1st, 1960 in Mobile, Alabama, Timothy Donald Cook was brought into the world. Both his mother Geraldine and his father Donald specialized in pharmacies and shipyards, respectively.
In the neighboring Robertsdale, he was nurtured. After graduating from Robertsdale High School, Cook went on to Auburn University where he obtained a diploma in industrial engineering in 1982.
From Duke University’s Fuqua School of Business, Cook received his Master of Business Administration in 1988. He earned the distinction of Fuqua scholar and completed in the top ten percent of his class.
Tim Cook joined IBM immediately after graduating from college, working his way up the corporate ladder to eventually become the industry’s North American Fulfillment Director, overseeing the production and marketing processes for IBM’s Personal Software Firm in both North America and Latin America.
Cook joined Innovative Electronics as the company’s chief operating officer (Reseller Division) after spending 12 years working for IBM. The following six months were spent by him in his role as Compaq’s vice president of corporate facilities, where he oversaw merchandise and procurement.
Before becoming Leader, Tim held the position of Senior VP of International Management at Apple, earning a $500,000 annual salary. When Tim Cook assumed the position of Apple Executive in 2011, his salary was upped to $900,000 annually.
Tim’s current compensation includes a $3.4 million basic pay and bonuses of $8 to $12 million each year. Tim received $963.5 million in total remuneration from Apple from 2011 when he was appointed CEO, and 2020.
Tim receives an average of $500,000 in private security charges from Apple annually, in addition to his regular income. Additionally, he is forced to fly individually for all domestic and international trips. The yearly cost of those flights is approximately $315,000.
Career In Apple
In 1998, Cook accepted a position as Senior Vice President of Apple’s international businesses, where he was in charge of overseeing all marketing and processes, including support and maintenance.
Before the creation of the iMac, iPod, iPhone, or iPad, Tim joined Apple at a difficult time for the business. Profits were falling, and they weren’t increasing. According to rumors, several friends attempted to convince Tim not to join the failing business at the time.
Cook supplanted Apple’s factories with contract manufacturers and decommissioned its manufacturing in an effort to get the corporation to make a profit. He also made long-term investments including an advance commitment to flash storage.
Cook’s decisions throughout this period led to significant earnings, a change from their most recent net loss of $1 billion from the preceding calendar year, and have been acknowledged to keep Apple’s costs in check.
In addition, he developed mechanisms for the company’s reseller/supplier partnerships as well as served as the team’s manager for Macintosh products. In January 2007, he was given a promotion to oversee activities, and in 2009, he was named CEO.
The chairman and CEO of Apple, Steve Jobs, was absent due to a sabbatical at this time. Tim was in charge of managing day-to-day activities at Apple while Jobs was away from the company from January 2011 to January 2012.
Cook is included in the Time Magazine publication’s list of the 100 Greatest Powerful People on the Planet, which was released in April 2012.
Tim resides in a fairly small 2,400-square-foot home in Palo Alto, California, notwithstanding being one of the best-earning business leaders on the planet. He paid $1.9 million for the residence in 2010, the year before being elected CEO.
Tim spent $10.1 million on a 10,000-square-foot house at the Madison Club, a private gated neighborhood in La Quinta, California, in 2018.
The reputation of Cook as a hermit and someone who values privacy greatly exists. He became the first president of a Fortune 500 enterprise to come out as gay in 2014 when he made the announcement in a post for Bloomberg Corporation. Cook does not possess any kids and is single.
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