Tim Cook: An era at Apple is coming to an end. Tim Cook, who built Apple into one of the world’s most valuable tech giants, will step down as CEO. He will be replaced by John Turnus as Apple’s new CEO. In this order, this news is currently going viral. In the background of Tim Cook’s retirement, do you know how many thousands of crores he is worth?
Tim Cook joined Apple in 1998. Earlier he worked at IBM for 12 years. At Apple, he started his career in the operations and supply chain department at his starting stage and later rose to the level of Chief Operating Officer. Cook took over as Apple CEO in 2011 after Steve Jobs stepped down due to ill health. He was the CEO for about 15 years and turned the company into a $4 trillion empire. Currently, there is a possibility that he will continue as the executive chairman of the company after he resigns from his position.
Tim Cook Net Worth ..
According to the latest Forbes calculations, the value of Tim Cook’s assets has increased significantly. His total net worth is around 2.9 billion dollars (estimated to be around Rs.27,124 crores in Indian currency). The majority of Cook’s assets are in the form of Apple shares. He has more than 30 lakh Apple shares. Despite having such a large number of shares, his stake in the company is only 1 percent. Over the past few years he has sold millions of dollars worth of shares and increased his personal wealth.
Apple’s financial achievements under Tim Cook have been extraordinary. Apple’s market value, which was $350 billion in 2011, has now reached nearly $4 trillion. Also, in 2011, the company’s revenue was 108 billion dollars, and by 2025, it will cross the mark of 416 billion dollars. Tim Cook has made his mark as the most successful CEO in Apple history and is now handing over that legacy to John Turnus.