Tim Cook, the Apple CEO, is one of the highest-paid Chief Executive Officers in the world. Despite being a multibillion-dollar company leader, he is not wealthy compared to other CEOs of huge companies like Facebook. You will get all information about the Apple CEO salary.
Tim Cook’s $265 million annual income in 2020-2021 includes his base salary of $3 million, $10.7 million in bonus, $1 million as his Perks, and $250 million in stock awards.
source, abplive.com
In numerous interviews, Cook has stated that money does not motivate him, and with his net worth of a billion-dollar, it is clearly visible. Timothy Cook is a business Chief Executive Officer, Philanthropist, and Engineer. He previously worked in the company as the Chief Operating Officer under co-founder Steve Jobs.
Cook has been at the forefront of advocating for the political reforms of both domestic and international surveillance cybersecurity. He has led to a double-up of the revenues and profits of Apple. This has led to the company’s increase in the market value from $ 348 billion to $ 1.9 trillion.
He is the first executive of the Fortune 500 company to come out and declare that he is gay. Despite being the CEO of Apple, he is on the Board of Directors of the following firms:
- Nike, Inch
- National Football Formation
- Duke University Trustee
In several interviews, Tim has stated that he has plans of donating the whole of his stock fortune to charities.
In this article, we will discuss the Apple CEO salary as well as all other information you need to know about him.
Early life
Tim Cook was born on 1st November 1960 in Mobile, Alabama, USA. He grew up in Robertsdale with his dad being a shipyard worker and his mother a pharmacist. Tim completed his highschool education in 1978 at Robertsdale High School and joined Auburn University.
Cook graduated from the institution with a Bachelor of Science in industrial engineering. He later enrolled at Duke University for his MBA, which he graduated in 1988.
Apple Career
In 1988, Steve Jobs teamed up with Tim Cook to form Apple. After establishing the Apple company, he became the senior vice president for the company’s global operations. His incredible knowledge saw him focus on investments in long-term deals. His excellent work was visible and earned him a promotion to Chief Executive’s rank in 2009 after Steve Jobs had taken leave because of health complications.
Apple CEO
Jobs resigned as the CEO of Apple due to his declining health. He later succumbed due to pancreatic cancer. This led to Cook becoming the company’s CEO. Tim embarked on a journey of creating a harmonious culture in the company that entails removing individuals with disagreeable personalities.
Tim Cook’s Leadership style
Tim Cook has been known to sending emails starting from as early as 4: 30 a.m. He has previously conducted meetings on Sunday nights by telephone for the staff to prepare for the following week. His charitable events have led the company to increase its donations to charities.
Public Affiliations
In the 2008 election cycle, Cook supported Barack Obama’s presidential bid. Rumors had started surfacing in 2011 that he was gay. However, he kept his personal life private. In 2016, Cook donated to the election campaign of the democratic candidate Ze Lofgren in the California elections.
In the 2016 presidential elections, he was considered a candidate for the Clinton campaign team’s vice president to which he donated to.
Tim Cook’s Salary
Tim Cook earns a base salary of $3million. However, that does not equate to his total earnings. In 2020, he earned a total of $ 14 769, 259 according to the Regulatory Filing. Cook’s saw his non-incentive plan compensation rise to $ 10.7m. His total package also had the following:
- Vacation cash out- $ 115, 385
- Personal Air travel expenses- $ 432, 564
- Security Expenses- $ 470, 246
The above information is from the Security Exchange Commission. Tim’s earning have been reported to be 256 times more than a medium Apple employee who earned $ 57 783 in 2020. In 2021, Tim will receive a long-term Equity award, according to the SEC.
Tim’s hard work and leadership skills saw Apple Inc achieve a record revenue of $ 274.5 billion in 2020.
The Highest Paid Executive at Apple
Tim Cook is the highest-paid executive at Apple. His base salary $ 3 million, which rises to $ 14 million after bonuses and allowances have been added. The earnings are reportedly 256 times more than a median employee of the company who earns $ 57 783.
The Marital status of Tim Cook
In 2014, the Apple boss publicly came out and stated he is gay. He is the first Chief Executive Officer of a huge company such as Apple to declare they belong to the LGBTQ group. Tim led a delegation of Apple staff to a San Francisco gay pride parade in 2014
Is Tim Cook a billionaire?
According to Bloomberg’s recent analysis, Tim Cook has surpassed the $ 1 billion mark, thus putting him in the category of billionaires. Despite reaching the billionaire status, he is not wealthy as compared to other CEO of large companies like Bezos that are worth $ 187 billion.
The owners of Apple in 2021
There are plenty of partners that own the world’s largest company by market value. The following are are the highest shareholders of Apple Inc:
- Arthur Levinson- 1133, 268 shares
- Tim Cook- 847 969 shares
- Al Gore- 113 585 shares
- Vanguard Goup Inc- 336.7 million shares
- Black Rock Inc- 274.7 million shares
- Berkshire Hathaway- 245.2 million shares
The Net Worth of Tim Cook
Tim Cook’s net worth has increased tremendously over the years. It is now estimated that he is worth $1 billion. After taking over the mantle of running Apple in 2011, Cook has doubled the company’s revenues and the profit. The market value increased from $ 348 billion to 1.9 trillion.
Conclusion
Tim Cook is one of the highest-paid CEOs in the world and a leader of the biggest company in terms of the market value in the world. He has led this multi-billion company to tremendous success since becoming its CEO in 2011.
Cook has been known for his charitable events and declared that he would be donating his fortunes to the charities.
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