Tim Cook, the CEO of Apple, Achieves Billionaire Status

The CEO of Apple, Tim Cook, has attained billionaire status as the Cupertino-based tech giant has broken its own records to become the world’s most valuable company, with a valuation exceeding $1.84 trillion.

According to Bloomberg Billionaires Index, Cook’s net worth has crossed the $1 billion mark, officially establishing him as a billionaire. 

“Cook directly owns 847,969 shares and received over $125 million as part of his pay package last year,” as reported by the BBC.

This milestone comes nearly a decade after Tim Cook took the reins from Steve Jobs, who passed away in October 2011.

Last week, Apple overtook Saudi Aramco, the state-owned oil company of Saudi Arabia, to become the world’s most valuable company.

The substantial earnings propelled Apple’s shares to close up by 10.47 percent, solidifying its position as the world’s most valuable publicly-traded company, surpassing the largest oil producer in the world.

Apple is now approaching the milestone of being the first company to reach a valuation of $2 trillion. In 2018, Apple also became the first US company to cross the $1 trillion mark.

Nevertheless, Cook still has a considerable way to go to catch up with other CEOs on the Bloomberg Billionaires’ list, such as Amazon Founder and CEO Jeff Bezos ($187 billion), former Microsoft CEO Bill Gates ($121 billion), and Facebook CEO Mark Zuckerberg ($102 billion).