Apple CEO Tim Cook is now a billionaire — Apple World Today
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Apple’s share price rose almost 5% last week, leaving the company the latte Jobs co-founded 44 years ago on the cusp of stock-market milestone: a market value of nearly US$2 trillion. The tech giant was valued at about $350 billion when Jobs died. Bloomberg says that now Cook has joined one of the most elite clubs for CEOs who didn’t actually found the companies they run: his net worth has eclipsed $1 billion.
His net worth estimate is based on an analysis of regulatory filings and applying the market performance of a typical wealthy investor to his proceeds from share sales. In 2015, Cook, 59, said he plans to give most of his fortune away and has already gifted million of dollars worth of Apple shares.
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