Tim Cook Net Worth
Tim Cook Net Worth and salary: Tim Cook is an American business executive who has a net worth of $700 million. Tim Cook was born November 1, 1960 in Robertsdale, Alabama. Following a 12-year career at IBM, Cook became a chief operating officer (Reseller Division) at Intelligent Electronics in the '80s. He then served for six months as Vice President of Corporate Materials for Compaq, purchases and managing product inventory. In his youth, Tim Cook was hired by IBM fresh out of college where he moved up the ranks to become the computer corporation's North American Fulfillment Director, managing manufacturing and distribution functions for IBM's Personal Computer Company in both North America and Latin America. His next job would be as Apple's chief operating officer where he would be responsible for managing all sales and operations worldwide, including sales activities, and service and support. He was also leader of the company's Macintosh division and developing reseller/supplier relationship strategies. Less than a year after Cook made his Apple debut, the corporation reported profits (fiscal year 1998)—an extraordinary shift from its fiscal 1997 report which showed a net loss of $1 billion from the prior fiscal year. In August 2011, Cook was named Apple's new CEO, taking over the position formerly held by Apple cofounder Steve Jobs, who died in October 2011 after a battle with cancer.
He was awarded one million shares in 2012 by Apple's board of directors. Cook said he plans to donate his entire stock fortune to charity. As of this writing (December 2017), Apple's market cap is $886 billion. According to a bonus clause in Tim's contract, if Apple's market cap maintains a value north of $1 trillion, he has the ability to be awarded options that will make him a billionaire. Fast forward to July 2018, Apple's market cap officially crossed $1 trillion for the first time for a brief second. By December 2018, Apple had dropped back down to $860 billion.
He was the first Chief Executive at a Fortune 500 company to identify publicly as gay when he did so in 2014. He has been on the board of directors for Nike, Inc. as well as the National Football Foundation.