Apple CEO Tim Cook's Net Worth Exceeds $1 Billion as Apple's Stock Soars

Apple CEO Tim Cook's net worth has climbed to over $1 billion, according to calculations by Bloomberg's Billionaires Index.

timcooktulane
At a net worth of $1 billion, Cook doesn't rank on the chart of the world's 500 richest people, a list topped by Amazon CEO Jeff Bezos and former Microsoft CEO Bill Gates. According to Bloomberg, Cook's net worth was calculated using regulatory filings and market performance.

When former Apple CEO Steve Jobs died in 2011, Apple was valued at approximately $350 billion, and the company has grown significantly under Cook's leadership. Much of Cook's fortune stems from stock awards provided when he took over as CEO. He was awarded with restricted stock units that have vested over time, and has garnered additional stock awards as Apple has outperformed at least two thirds of the firms in the S&P 500.

Later this month, Cook is set to receive his ninth payout, which will include 560,000 shares of Apple stock and should boost his net worth by approximately $100 million.

Cook has said in the past that he plans to give most of his money away to charity, and that he's developing a "systematic approach to philanthropy." For the last several years, Cook has donated $5 million in stock to various charities on a yearly basis, though the charities have gone unnamed and it's unclear if there have been other undisclosed donations.

Popular Stories

iPhone SE 4 Thumb 1

iPhone SE 4 With Apple's Own 5G Modem 'Confirmed' to Launch in March

Tuesday November 19, 2024 12:12 pm PST by
Barclays analyst Tom O'Malley and his colleagues recently traveled to Asia to meet with various electronics manufacturers and suppliers. In a research note this week, outlining key takeaways from the trip, the analysts said they have "confirmed" that a fourth-generation iPhone SE with an Apple-designed 5G modem is slated to launch towards the end of the first quarter next year. In line with previo...
at t turbo indicator iphone 16 pro max v0 8hrh7w5f3w1e1

AT&T Turbo Indicator Showing Up in iPhone Status Bar for Subscribers

Wednesday November 20, 2024 3:42 am PST by
AT&T has begun displaying "Turbo" in the iPhone carrier label for customers subscribed to its premium network prioritization service, according to reports on Reddit. The new indicator seems to have started appearing after users updated to iOS 18.1.1, but that could be just coincidence. Image credit: Reddit user No_Highlight7476 The Turbo feature provides enhanced network performance through ...
Generic iOS 18 Feature Real Mock

Apple Releases iOS 18.1.1 and iPadOS 18.1.1 With Security Fixes

Tuesday November 19, 2024 10:10 am PST by
Apple today released iOS 18.1.1 and iPadOS 18.1.1, minor updates to the iOS 18 and iPadOS 18 operating systems that debuted earlier in September. iOS 18.1.1 and iPadOS 18.1.1 come three weeks after the launch of iOS 18.1. The new software can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. Apple has also released iOS 17.7.2 for...
apple card feature2

Apple Card 3% Daily Cash Back Now Available From Two More Apple Partners

Tuesday November 19, 2024 10:36 am PST by
Apple has partnered with select merchants to offer Apple Card users three percent Daily Cash back on their purchases, and two new companies were added to the partner list today. When purchasing goods and services from Booking.com and ChargePoint, Apple Card users will now get more cash back. Booking.com is a site for reserving flights, cars, cruises, and hotels, while ChargePoint sells...
bug security vulnerability issue fix larry

Make Sure to Update: iOS 18.1.1 and macOS Sequoia 15.1.1 Fix Actively Exploited Vulnerabilities

Tuesday November 19, 2024 10:52 am PST by
The iOS 18.1.1, iPadOS 18.1.1, and macOS Sequoia 15.1.1 updates that Apple released today address JavaScriptCore and WebKit vulnerabilities that Apple says have been actively exploited on some devices. With the JavaScriptCore vulnerability, processing maliciously crafted web content could lead to arbitrary code execution. The WebKit vulnerability had the same issue with maliciously crafted...
airtag purple

AirTag 2 Rumored to Launch Next Year With These New Features

Sunday November 17, 2024 5:18 am PST by
Apple released the AirTag in April 2021, so it is now three over and a half years old. While the AirTag has not received any hardware updates since then, a new version of the item tracking accessory is rumored to be in development. Below, we recap rumors about a second-generation AirTag. Timing Apple is aiming to release a new AirTag in mid-2025, according to Bloomberg's Mark Gurman....
15 inch m3 macbook air

Amazon Takes Up to $300 Off M3 MacBook Air With New All-Time Low Prices

Wednesday November 20, 2024 7:05 am PST by
Amazon today has knocked the price off of multiple M3 MacBook Air models, with as much as $300 off select computers. Prices start at $849.00 for the 13-inch M3 MacBook Air (16GB RAM/256GB), and also include multiple 15-inch models as well. Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site ...
anker new xmas 1

Anker Kicks Off Massive Black Friday Sale With Up to 50% Off Sitewide, Free Gifts With Purchase, Mystery Boxes, and More

Thursday November 21, 2024 7:53 am PST by
Anker today kicked off its big Black Friday sale, which is set to run through December 9. This sale includes notable discounts on portable chargers, USB-C hubs, cables, and more. Note: MacRumors is an affiliate partner with Anker. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. There are a few bonus offers during this event as ...

Top Rated Comments

0128672 Avatar
56 months ago
I very much admire his approach to philanthropy and charitable giving. He's not flashy about it.
Score: 38 Votes (Like | Disagree)
true god Avatar
56 months ago
Finally joined the Tres Comas club.
Score: 19 Votes (Like | Disagree)
The Clark Avatar
56 months ago
Love him or hate him, he's done right by Apple.
Score: 17 Votes (Like | Disagree)
44267547 Avatar
56 months ago
Financials aside, I can’t imagine a more capable leader to be in charge of Apple then Tim Cook right now. I won’t speak for Steve Jobs, but clearly he saw the future of appointing the right person to lead this company before his death.
Score: 16 Votes (Like | Disagree)
laz232 Avatar
56 months ago


So yeah, Tim deserves it. He deals with more stress than any of us here.
I am procapitalist with a social safety net, but I cannot understand any amount of logic that would say that Tim Cook is worth it or is under 4000 million times more stress than I am, or works 4000 000 000 times more than I do - or than his office cleaning staff...

He is smart and competent although I disagree with the number of his decisions, but we have to face the fact that a lot of it is just luck and the leverage/network effect that a hyper-globalised economy gives.
Score: 16 Votes (Like | Disagree)
now i see it Avatar
56 months ago
obscene by every metric anyone can imagine
Score: 16 Votes (Like | Disagree)