He earns a base salary of US $3.4 million along with an annual bonus of between US $8 million and US $12 million. He also has sold hundreds of millions of dollars worth of shares over the years. He also owns more than 3 million shares of Apple which is less than a 1% stake. His net worth has now increased to US $1.8 billion, according to Forbes. Tim Cook officially became a billionaire two years ago in 2020 by reaching a net worth of US $1.5 billion. Tim Cook’s net worth Image Courtesy: John Gress Media Inc/Shutterstock Let’s take a look at his earnings and assets. This feat has also rapidly increased the net worth of Tim Cook. Under his leadership, Apple has become the world’s most valuable company, with a market capitalization of over $2 trillion. He has overseen the development of new products such as the Apple Watch, AirPods, and HomePod. As CEO, Cook has led the company through a period of growth and innovation. In 2011, Steve Jobs resigned as Apple CEO due to health issues, and Cook was named as his successor. Cook streamlined the company’s supply chain and implemented a just-in-time manufacturing system, which reduced inventory costs and increased efficiency. He was responsible for the company’s global supply chain, sales, and service. In 1998, Cook joined Apple as Senior Vice President of Worldwide Operations. After graduation, he worked at IBM for 12 years in various positions, including being the Director of North American Fulfillment. Tim Cook graduated from Auburn University with a degree in Industrial Engineering in 1982 and then earned an MBA from Duke University’s Fuqua School of Business in 1988. The journey to becoming the CEO of one of the biggest brands in the world was full of hard work.
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