Tim Cook s the Billionaire Club as Apple Valuation Touches Historic High 444k6n Technology News

Cook s the list of the world’s richest people. 3m1j62

By Tanishka Sodhi | Updated: 11 August 2020 18:34 IST

Tim Cook s the Billionaire Club as Apple Valuation Touches Historic High

Under Cook, Apple recently became the world’s most valued publicly traded company 3h161j

Highlights

It is rare for a non-founder CEO to become a billionaire
Cook s Bezos, Gates and Zuckerberg in the billionaire list
Apple is close to a historic $2 trillion valuation

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Apple CEO Tim Cook's net worth has crossed the $1 billion (roughly Rs.7,500 crores) mark, making him part of the elite billionaire club - a rare feat for a non-founder CEO, as per an analysis. Apple's share price rose almost 5 percent last week, bringing the company close to a historic $2 trillion (roughly Rs.149 lakh crores) in valuation. Under Cook, Apple recently became the world's most valued publicly traded company, suring state-owned oil company Saudi Aramco.

As per the analysis by Bill Gates at $121 billion (roughly Rs.9 lakh crores), and Facebook's Mark Zuckerberg at $99 billion (roughly Rs. 7 lakh crores). Cook's net worth, as calculated by the Index, is based on an analysis of regulatory filings and applying the market performance of a typical wealthy investor to his proceeds from share sales, as per the analysis.

When Saudi Aramco. After Apple bought back $16 billion (roughly Rs.1 lakh crores) worth of shares in the June quarter, it had 4,275,634,000 outstanding shares, as of July 17, according to the filing.

In a 2015 interview, Cook had stated that he plans to give most of his fortune away, and has already gifted millions of dollars-worth of Apple shares, as per the report. If Cook has made other undisclosed charitable gifts, his wealth could be lower than the current calculations.

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