Tim Cook Net Worth
|Date of Birth
|November 1, 1960
|61 years old
|6 ft 3 inch (1.90m)
|Chief Executive Officer of Apple
Tim Cook Introduction
Tim Cook is a most famous American business executive as well as engineer who has served as Apple Inc.’s CEO since 2011. Cook previously worked as the industry’s chief operating officer under Steve Jobs, the company’s co-founder.
Tim Cook Early Life
Timothy Donald Cook was born in 1960, on the 1st of November in Mobile, Alabama. Cook’s father worked in a shipyard, and his mother worked at a local drug store for many years. Cook grew up in a home that was deeply rooted in Baptist traditions, as both mom and dad were devout spiritualists.
Cook’s pre-school decades were unremarkable and did not foreshadow his rise to CEO of a $1 trillion technology behemoth. He started attending Robertsdale High School close to Mobile and graduated from Auburn University in 1982 with a degree in industrial engineering.
Cook went on to earn an MBA from Duke University as well as started working as a fulfillment specialist for IBM (IBMGet International Business Machines Corporation Report) for 12 years.
Cook’s interest in fulfillment and logistics led him to the position of the chief operating officer at Intelligent Electronics, where he received a few really hands-on experience in computer sales.
In 1997, he accepted the position as vice president of company components at Compaq, but he quickly left for Apple after then-CEO Jobs decided to offer him a job after just a one-on-one question and answer session.
Cook saw the transition as a “once in a lifetime” possibility, influenced by Employment and the chance to improve a once-legendary American company.
Tim Cook Personal Life
Cook is recognized for being a solitary, private individual. He was the first CEO of a Fortune 500 corporation to clearly and openly identify as gay, doing so in 2014 in an editorial for Bloomberg Company.
On The Late Show with Stephen Colbert in September 2015, he explained his decision to come out, saying, “Where I appreciated my private information substantially, I started to feel that I was going to value it much above what I could do for other persons, so I felt the need to tell everyone my truth.”
He stated that he hoped his openness would encourage the young LGBTQ community not to live in constant fear. Cook is not wedded and does not have any children.
Cook contributed to Barack Obama’s as well as Hillary Clinton’s presidential campaigns. Clinton considered Tim as a vice presidential candidate in her 2016 campaign at one moment.
Tim has stated that when he dies, he intends to donate the large bulk of his wealth to charity.
Tim Cook Age, Height, & Weight
Being born in 1960, on the 1st, of November “Tim Cook” age is 61 years old as of today date and his height is 6 feet 3 inches tall, (1.90 m), and his weight is 85 kilograms and (187 lbs) in pounds as of 2022.
Tim Cook Early Career
Tim Cook was decided to hire by IBM right out of college and quickly rose through the ranks becoming the computer company’s North American Satisfaction Director, overseeing production and assembly operations for IBM’s Private Software Firm in both North America as well as Latin America.
Cook joined Intelligent Electronics as a chief operating officer (Reseller Division) after a 12-year career at IBM. He then worked for Compaq for 6 months as Vice Chairman of Corporate Materials, where he was in charge of purchasing and trying to manage product inventory.
Success at Apple
Cook joined Apple in 1998 as executive vice president of global operations. It was a time frame of the declining trend for Apple because it had yet to establish the iMac, iPod, iPhone, or iPad — product lines that would propel Apple to the top of the world’s tech rankings. In fact, a few of Cook’s friends and coworkers attempted to persuade him not to join the company.
The new VP got right to work, restructuring production constructions as well as making investments in another corporate strategy to make a profit. It worked; the corporation was showing the signs of new life less than per year later. He was elevated to operations manager and then to CEO.
When Steve Jobs, Apple’s founder and chief CEO, took a medical leave of absence in 2009 and 2011, Cook was in charge of day-to-day operations. Cook was appointed Ceo after Jobs stepped down in 2011.
Cook received a grant of options on the day he became CEO, which he would receive incrementally over the next 9 years based on Apple’s performance. He started to receive the ninth and final funding in August 2020, demonstrating Apple’s success under his leadership. He is now the corporation’s second-largest individual shareholder, with approximately 0.02 percent ownership.
Tim Cook Net Worth
Tim Cook is a famous American business executive greatest known as Apple Inc.’s CEO. He began working for a company in 1998 and also was given the name CEO in 2011. Tim Cook’s personal wealth is $2 billion as of this writing.
Under recently departed CEO/founder Steve Jobs, Apple’s peak market valuation was $350 billion. Many people questioned Tim’s ability to outperform his brilliant predecessor when he was selected CEO in 2011. In the present day, Apple’s market capitalization exceeds $2.4 trillion.
If you had invested $1,000 in Apple shareholdings on the day Tim Cook had become CEO, you would’ve had $13,000 a decade later.
Tim has stated that he intends to give away the majority of his wealth before he dies, and he’s already decided to donate tens of millions to different charities.
Salary and Perks
Tim was paid $500,000 per year as Apple’s Executive Vice President of International Operational processes prior to being identified as CEO. Tim Cook’s income was increased to $900,000 annually ever since he first had become CEO of Apple in 2011. Tim now earns $3.4 million in base salary plus an incentive pay of $8 – $12 million.
Tim receives huge parts of Apple options that vest over time in addition to his salary and benefits. In a provided year, his significant stake shares are considered income. So, in 2019, Tim managed to earn $113.5 million in vested shareholdings on top of his salaries and bonuses, bringing his total compensation during the year to approximately $125 million.
Tim received $963.5 million in total compensation from Apple between 2011, when he was decided to name CEO, and 2020. Tim receives approximately $500,000 in personal protection expenses paid for by Apple in addition to his regular salary. He must also fly privately for all individual and commercial travel. These flight expenses total approximately $315,000 per year.
Tim Cook has an approximate net worth is estimated to be around $2 billion as of 2022.
Apple’s rapid rise was due to Cook’s outstanding management strategy. Cook aided the company’s growth and profitability.
He subsequently had become Apple’s CEO in 2011, and he was able to turn the company into a $2 trillion corporation by 2020. This enabled him to become a billionaire for the very first time.