Tim Cook (2024)

FAQs

Who is the next CEO of Apple after Tim Cook? ›

So, who is going to take over from him? Mark Gurman of Bloomberg, who wrote for Businessweek, suggests that hardware engineering chief John Ternus has emerged as a likely long-term successor to CEO Tim Cook.

However, he also received the same number of shares as part of his annual compensation. He maintains a . 02% stake in the company. That makes his share in Apple worth roughly $561 million, roughly one-quarter of his overall net worth.

While Cook hasn't given any indication how long he'll remain in charge—other than telling Dua Lipa it would be “a while”—people close to him believe he'll be CEO at least another three years. After that, they say, he'll start a charitable foundation to donate the wealth he accumulated at Apple.

You would think that having one of the highest positions in the big tech world would make you one of the wealthiest people in the world but Tim Cook doesn't operate like that. Despite not even making the thousandth wealthiest person in the world, Forbes estimates he is worth a reported $2.5 billion.

Timothy Donald Cook (born November 1, 1960) is an American business executive who is the current chief executive officer of Apple Inc. Cook had previously been the company's chief operating officer under its co-founder Steve Jobs.

Tim Cook is the CEO of Apple and serves on its board of directors.

The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 47.93% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 51.96% is owned by Public Companies and Individual Investors.

Hence, the Apple CEO's total salary in 2023 stood at $63,209,845 ( ₹523.83 crore). It was less than his 2022 salary of $99,420,097 ( ₹823.91 crore).

Cook told ABC News in 2014 that he was getting 700 or 800 emails a day and read "the majority of those," including customer feedback. "I cannot read all of them, no. I'd not admit to doing that," he told the Australian Financial Review. "But I read an extraordinary number of them.

Real Time Net Worth

Tim Cook is the CEO of Apple, one of the world's most valuable companies. Cook, who became chief executive in 2011, had previously served as Apple's chief operating officer under Steve Jobs. Cook joined Apple in 1998, having worked briefly at PC-maker Compaq and for 12 years at IBM.

Who owns Apple iPhone? ›

The iPhone company is Apple Inc., and its ownership is distributed among its shareholders. Apple Inc. is a publicly traded company, so it doesn't have a single owner. Instead, it is owned by individuals and institutions who hold shares of the company's stock.

Cook, on the other hand, owns only about 837,374 shares, or 0.021% of Apple. If Cook owned 13% of Apple (the approximate ownership percentages Musk and Bezos have in Tesla and Amazon), his net worth would be over $331.5 billion, which would make him the wealthiest person in the world.

Apple CEO Tim Cook's 2023 compensation of $63,209,845 surpassed the $49 million target by 28%. The pay ratio between Cook and the median compensated employee is 672 to 1. The annual compensation of other top executives, including Luca Maestri, Kate Adams, and Deirdre O'Brien, was also disclosed.