Strong quarterly results and general positive outlook on tech giants have driven Apple Inc’s market value to more than $1.9 trillion. In fact, last week, the iPhone market surpassed Saudi Aramco to become the most valuable publicly listed company in the world.
Apple is more valuable than ever and so is its chief executive officer (CEO) Tim Cook, who after nine years of taking over after Steve Jobs, has become a billionaire.
When co-founder Steve Jobs died, the company was valued at $350 billion. Now that Apple is worth nearly $2 trillion, Cook’s net worth has eclipsed $1 billion as per Bloomberg Billionaires Index’s calculations, which are based on an analysis of regulatory filings and applying the market performance of a typical wealthy investor to his proceeds from share sales.
Cook, 59, is has joined one of the most elite clubs for CEOs who didn’t actually found the companies they run.
In 2015, he has said that he has plans to give away most of his fortune and has already gifted away millions of dollars worth of Apple shares. This could mean that his wealth may be less than $1 billion if he has made other undisclosed charity.
