Tim Cook’s estimated net worth is $625 million — here’s how he makes and spends his money – Business Insider

Tim Cook’s estimated net worth is $625 million — here’s how he makes and spends his money – Business Insider

Elon Musk
Tim Cook is worth an estimated $625 million. As the CEO of Apple, he's the first openly gay CEO in the Fortune 500. And in 2018, Apple became the first US company ever to be worth $1 trillion. But compared to his counterparts in the tech world, his net worth is pretty modest. Google founder and Alphabet CEO, Larry Page, is worth $53 billion. Facebook CEO, Mark Zuckerberg, is worth just under $70 billion. .


And Amazon CEO, Jeff Bezos is the first person in modern history to accumulate a fortune north of $100 billion Cook doesn't lead a lavish lifestyle and has said, "I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that." The Alabama native had a humble start in life as the son of a shipyard worker and pharmacy employee. When he was promoted as Apple's CEO in 2011, his base salary was $900, 000, and has risen to $3 million in 2017. He also receives a cash incentive based on the company's performance, which pushed his total pay for 2017 to over $12 million. But his net worth consists mainly of $622 million worth of Apple's stock and options he has collected since becoming CEO. And $3.4 million of Nike stock options he gets as a member of Nike's board of directors. So, how does Apple's leader spend his fortune? Quite differently than other CEOs of tech giants. In 2012, he bought a 2, 400 square foot home in Palo Alto, for $1.9 million, the median cost of a home in Palo Alto in 2018 is $3.3 million. .

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