Tim Cook Net Worth: Apple CEO Earned $261 Million In Two Years

Tim Cook’s net worth is expected to be in the multi-million range. After all, he is the CEO of one of the top tech companies in the world today.

Cook’s net worth is around $625 million as reported by Business Insider in 2019. A big chunk of it are Apple stock options usually reserved for top level executives in tech companies. The 59-year-old received $3 million as salary in 2018 and 2019 and a bonus totalling $12 million and $7.67 million, respectively. He was also awarded Apple shares in the hundreds of millions. Moreover, Apple top honchos enjoy other perks such as flying private, contributions to 401(k) plans and security expenses.

In two years, 2018 to 2019, Cook was rewarded with a total of $261 million compensation. Not bad for a man who is tasked to lead the most profitable company in the U.S. The iPhone makers brought in a cool $48 billion in net income in 2019.

According to CNBC, the total compensation Cook received starting 2011 is already around $963.5 million. The annual compensation figure fluctuates, depending on whether Apple was able to beat sales estimates and projections. A regular Apple employee, on the other hand, receives $57,596 as salary.

Cook also owns stock options in Nike which is valued at $3.4 million and is a member of the Board of Trustees of Duke, where he took his MBA.

When compared to his billionaire peers such as Mark Zuckerberg, Jeff Bezos or Larry Page, Cook’s fortune pales in comparison.

One of the secrets of Apple, why it is one of the best companies out there is it’s ability to withstand issues or unseen circumstances. A lot have predicted production issues would hamper iPhone manufacturers in China due to coronavirus but productions seems unaffected so far, per DigiTimes.

Apple has also been slapped a stiff fine after investigations reveal it deliberately slowed down old iPhones, forcing users to buy newer versions. The tech company explained that slowing down batteries will prevent sudden restarts or drainage. Apple is set to release its latest iPhone, the iPhone 12, later this year. The newest version would allegedly have new cameras, 5G features and a new screen, per TechRadar.

Cook, who is openly gay, lives modestly amid his vast fortune. He buys undergarments that are on sale and lives in a $1.9 million Palo Alto home. He prefers to explore the U.S. rather than fly abroad during personal vacation. The CEO prefers to give his riches away to charities when his time is up.