How Rich is Apple’s CEO? Tim Cook’s Staggering Net Worth in 2023

Go Through the Net Worth of World’s One of The Richest CEO, Tim Cook

Tim Donald Cook is an American Business Executive. He is known for being the CEO of Apple.Inc. Previously, Cook served as a Chief Operating Officer under Steve Jobs. According to Forbes, Tim Cook is among the 2000 wealthiest people in the world. It’s hard to imagine what to do with that money, but Cook knows how to make the most of it. Meanwhile, this article will give you details about the surprising net worth of Tim Cook and how Cook spends his millions.

What is the Net Worth of Apple’s CEO Tim Cook?

While Tim Cook became a billionaire three years ago, in 2020, he is now a towering net worth owner. As of 2023, his net worth is $1.8 Billion (INR 14,000 Crores). Meanwhile, he received a pay cut of $49 Million in FY2022. Moreover, when Tim took over Apple as its senior vice president, his salary was US $500,000 a year. His salary was raised to US $900,000 within a year after he was appointed the CEO of Apple. Additionally, he owns more than 3 Million shares of Apple which is less than a 1 percent stake.

Assets Owned By Tim Cook

What would you do when you would be among the richest people in the world? Tim Cook’s net worth is roughly billions. Besides, he earned the bulk of his fortune as a CEO and former Chief Operating Officer of Apple. 

Besides, Tim’s investment portfolio is certainly significant, but he also puts his money into buying real estate, including two sprawling estates. Tim Cook resides in a modestly subtle 2,400-square-foot luxurious house in Palo Alto, California. Meanwhile, Cook bought the house in 2010 after he was appointed Apple’s CEO. He spent US $1.9 million on the house. Additionally, he also owns a 10,000-square-foot exquisite property at the Madison Club, Club. Moreover, he bought the property in 2018 for US $10.1 million.

Also read – Elon Musk Net Worth in Rupees: A Staggering Fortune

Into The Enviable Car Collection of Apple’s CEO

Tim Cook, who is one of the most successful CEOs in the world, is expected to have a lavish collection of cars. Although Cook has only two cars in his garage, BMW 5-Series ($56,000) and Porsche Boxster ($40,000).

Tim Cook, The First Fortune 500 CEO to Come Out As a Gay

I’m proud to be gay, and I consider being gay among the greatest gifts God has given me” said Cook as he came out for the first time as a gay in Bloomberg Business Editorial. Tim revealed his sexual orientation in 2014 and before that, his sexual orientation was widely rumoured by netizens. In coming out, Tim became the first CEO of a Fortune 500 company to come out as gay. Meanwhile, he also revealed that he took his decision to help young LGBTQ+ people.

Moreover, in the editorial, he explained how his privacy was important and still came out for being a small help to LGBTQ+ people. Later, his decision was praised by millions and he became an exemplar to the LGBTQ+ community. An inspiration, Tim galvanises the need to embrace it in ways that feel safe and appropriate for you. Developmental, Isn’t it? 

Tim Cook, An Ingenious Student

Born on November 1, 1960 (age 63 years; as of 2023), Tim was born to a shipyard worker, Donald, and a mother, Geraldine. Tim did his schooling at Robertsdale High School, in Alabama. After pursuing his A-levels, he attended Auburn University and pursued a Bachelor of Science degree with a major in industrial engineering. Additionally, he pursued a Master of Business Administration at Duke University.

Also read – Chris Hemsworth Net Worth Will Leave You Stunned: Details Here

Into The Versatile Career of Tim Cook: Know About His Pre-Apple Era

• Soon after graduation, Tim served as the director of North American Fulfilment at  IBM’s personal computer Business.
• In 1998, Steve Jobs asked Tim Cook to join Apple. Later, Steve joined the leading organisation as its Senior Vice Operations for lead operations.
• Later, in January 2007, Steve became the lead operator of Apple.
• Subsequently, after Steve Jobs resigned as the CEO of Apple to become chairman of the board, Cook became the new CEO of Apple in 2011.

Awards and Achievements of Tim Cook

• 2014: Financial Times Person of the Year
• 2015: Ripple of Change Award
• 2015: Fortune’s World’s Greatest Leader
• 2015: Alabama Academy of Honor: Inductee
• 2015: Human Rights Campaign Visibility Award
• 2017: Honorary Doctor of Science from the University of Glasgow in Glasgow, Scotland (2017)
• 2018: Courage Against Hate award from Anti-Defamation League
• 2022: Honorary Master’s degree in Innovation and International Management from the University of Naples Federico II in Naples, Italy

Do You Know These Unknown Facts About Tim Cook?

• Tim owns a cryptocurrency. Nevertheless, he clarified that Apple won’t invest in it.
• Cook has been named seven times under Forbes’ Most Powerful People List.
• Cook has significantly contributed to Apple Inc. Meanwhile, the introduction of the Apple watch is done under his service.
• Cook’s leadership lesson for the aspiring CEOs is “be focused,” “be humble,” “do what you do and do it well,” and “be you and don’t pretend to be anyone else.”
• Initially, before serving Apple, Cook worked for IBM and Compaq.

FAQ’s

1. What is the Net Worth of the CEO of Apple, Tim Cook?

 As of 2023, his net worth is $1.8 Billion (INR 14,000 Crores). Meanwhile, he received a pay cut of $49 Million in FY2022.

2. What was Tim Cook’s role at Apple before CEO? 

In 1998, Tim Cook joined the American Multitechnology company, Apple. Besides, he initially joined the leading organisation as its Senior Vice Operations for lead operations. Subsequently, in January 2007, Steve handled the position of lead operations. In 2011, he became the CEO of Apple.

3. Is the CEO of Apple Tim Cook or Steve Jobs? 

Steve Jobs resigned from the position of CEO at Apple to become the chairman of the company. Meanwhile, at the same time, Cook became the CEO of Apple.