How rich is Tim Cook?
Tim Cook Net Worth:
|Birth date:||November 1, 1960|
|Birth place:||Mobile, Alabama, United States|
|Height:||6 ft 2 in (1.9 m)|
|Education:||Duke University (1988), Auburn University (1982), Robertsdale High School, Fuqua School of Business|
|Nationality:||United States of America|
|Siblings:||Gerald Cook, Michael Cook|
Tim Cook profiles:twitter.com/tim_cook
Tim Cook biography:
Tim Cook Net Worth
A mantel called Apple is put at the highest pinnacle of technology and to head it, the individual must be a force that wields power. Worth $500 million, he is now the 23rd most affluent person in the world. Cook is also the highest paid CEO on the planet with a pay check of $4.2 million!
Alabama produced Timothy Donald cook was the son a father who worked in a shipyard and a mother who worked in a drugstore. He studied in Roberts dale High School and procured a Bachelors degree in Industrial engineering, followed by a MBA from Duke’s University’s Fuqua School of Business.
Cook is a guy who loves adventure sports. It is rather surprising a busy guy like Tim can take time off for an adventure sport! On contemplating whether he is homosexual, that is another story entirely.
Before looking into the Cook’s life as a CEO, let us see what the guy used to do for a living. He then worked for Compaq as vice president of corporate contents, procuring and handling merchandise inventory. After six months at Compaq, then he made his entry to the star studded technology business;Apple.
Life in Apple
Cook was asked to join Apple by Steve Jobs in 1998.He played an essential role in resurrecting Apple from its decreasing gains and was promoted to being the CEO for the very first time in 2004. He was made as a provisional CEO again in 2007.Both the times he was an interim as Steve Jobs was on leave for pancreatic cancer and a liver graft.2011 saw Cook heading majority of the operations as Jobs’ healthy fast declined.
Cook’s largest contribution to Apple was his revolutionary changes to the creation and supply chain of these merchandises. The Cook got Apple out of the manufacturing and stocking of many of their products’ parts and negotiated with new companies to furnish or create what they desired. The Cook almost eliminated the need to stockpile inventory, reducing prices to Apple dramatically (and caused enormous lines outside Apple shops). The Cook also took the initiative to lock up resources andmanufacturers needed to make Apple products, reducing theopportunityfor adversaries toimitatethem. The Cook also jumped from Power PC processors to Intel processors in Apple computers. This made it possible to run Windows on a Mac, which brought countless Windows users to switch to Mac.
The Cook was also a leader of the firm’s Macintosh office and in developing reseller/provider relationship strategies. This reveals the change the cook purchased about in Apple and he thus rightly deserves to be CEO.
Tim,the green crusader
Being CEO of a business like Apple has its very own positives. Firstly he takes home a lavish $4.2 million annually as his salary. His salary in 2012 was apparently close to $ 1 million as per Forbes report. He also rakes in several millions of dollars annually in the shape of stock prizes and bonuses. He made a allegedly $378 million in 2011 being a part of Apple.
Let us take a short look at the cash he made from 2010( courtesy Forbes) that currently puts him in league of amazing CEO’s
Compaq and IBM, being his previous workplaces not only contributed to his encounters,but also to his supply of wealth. He really isn’t the only beneficiary here as he is capable exercise 50% of the grant in 2016 and the rest in 2021. So it appears that Apple’s board of directors are betting enormous and on the long term with Tim Cook.
Restricted stock awards: $52,334,250.00
All other compensation: $58,306.00
Non-equity incentive plan compensation: $900,000.00
Entire Settlement: $59,092,572.00
Now that is amounts for a man who wants to count Tims Money.As on this particular month, his salary has reportedly increased by $1,135,475. His net worth at present goes up to $639,715,618. Functioning as the B.o.D at Nike has its edges, he sold 10,000 shares of Nike at $91. It is stated that in case the guy sold his entire fortune, he could support the United State Deficit spending for 0.2 days!
Cook also takes home some of the most rewarding compensation packages. Jointly in three years starting from 2009-11, his bundle would be around a staggering $438 million.
He has received a ‘Lifetime Achievement Award from the Auburn University and also the Apple Stock award. And also the IQLA Achievement Award in 2013.
The Cook also supports gay rights.