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Tim Cook is the CEO of Apple, a position he has held since August 2011, when he succeeded Steve Jobs. Under Cook’s leadership, Apple has continued to innovate and grow, broadening its services and product lines and maintaining its status as one of the most valuable companies in the world.
As CEO of Apple, Cook has overseen the launch of new product categories, such as the Apple Watch and AirPods, and the expansion of services like Apple Music, Apple TV+, and Apple Pay. He has also strongly advocated for privacy, environmental sustainability, and social issues, including LGBTQ+ rights.
So, what is Tim Cook’s net worth in 2024? Explore the financial journey of one of the world’s most respected tech leaders, whose influence extends beyond Apple and affects broader business practices and technology innovations globally.
Key Takeaways
- Tim Cook is the CEO of Apple, a position he has held since August 2011 when he succeeded Steve Jobs.
- Cook’s net worth in 2024 is $2.2 billion, which comes primarily from his role at Apple.
- Cook’s total compensation for 2023 was $63,209,845.
- During Cook’s tenure, Apple became the first U.S. company to hit $1 trillion and then $3 trillion in market capitalization.
- Cook is also known for his commitment to privacy and environmental issues, guiding Apple toward greater sustainability and energy efficiency.
- He has been a vocal advocate for political reform, human rights, and equality.
Tim Cook’s Net Worth in 2024
Tim Cook’s net worth in 2024 is $2.2 billion, according to Forbes.
How Did Tim Cook Make His Money?
Tim Cook’s money comes primarily from his role at Apple, where he has been a key executive since 1998. As CEO, his compensation has included salary, bonuses, and substantial stock awards, which have contributed significantly to his wealth.
- Cook’s total compensation for 2023 was $63,209,845.
- Of his 2023 compensation, Tim Cook’s salary was $3 million.
- He received $10,713,450 as a bonus
- $46,970,283 as stock award
- $2,526,112 from other types of compensation.
How Rich Is Tim Cook?
So, how rich is Apple CEO Tim Cook? Cook’s current net worth in 2024 is $2.2 billion. His net worth in 2023 was $1.8 billion.
The following chart shows Apple CEO Tim Cook’s estimated net worth over the past few years:
Among the world’s billionaires, Cook ranks 1,523, according to Forbes as of September 16, 2024.
Cook owns more than 3 million shares of Apple, less than a 1% stake. Over the years, he’s sold hundreds of millions of dollars worth of shares in Apple.
Wealth Fluctuations
Early Life, Education & Ventures
Tim Cook’s Personal Life & Real Estate
Tim Cook publicly came out as gay in 2014 and described his sexuality as “among the greatest gifts God has given me.”
However, he keeps a low profile. There is no official information about Tim Cook’s husband or partner.
Where does Tim Cook live right now?
Cook’s primary residence is a 2,400-square-foot house in Palo Alto, California.
In addition to this, Cook also owns a significant property in La Quinta, California, which he purchased for about $10 million in 2021. The La Quinta mansion is part of the exclusive Madison Club.
Philanthropy
Cook has been actively involved in philanthropy. For example, in 2012, Cook announced that Apple had donated $50 million to Stanford University hospitals, $25 million for a new main building, and another $25 million for a new children’s hospital. Apple also contributed $50 million to Product RED, a charity that fights diseases such as AIDS, tuberculosis, and malaria.
As for his personal philanthropy, in 2015, Cook joined the Giving Pledge, a commitment by some of the world’s wealthiest individuals to give away the majority of their wealth to charitable causes.
In 2019, Cook donated more than $5 million of his Apple stock to one undisclosed charity, and $2 million in Apple stock to another unnamed charity.
Cook has also donated to the American Cancer Society, Doctors Without Borders, PETA, the Humane Society, and other well-known charities.
As an openly gay CEO, Cook has donated to organizations that fight for the rights and equality of the LGBTQ+ community.
The Bottom Line
Tim Cook’s net worth, estimated to be around $2.2 billion as of 2024, reflects his substantial contributions to Apple’s success and his careful management of his personal finances.
As the CEO of Apple, Cook has played a pivotal role in guiding the company to unprecedented heights, resulting in a significant increase in shareholder value and company revenue.
His wealth is a testament to his leadership in the tech industry as well as his commitment to innovation, ethical business practices, and philanthropy.
FAQs
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References
- Tim Cook (Forbes)
- Equilar | Associated Press CEO Pay Study (Equilar)
- Forbes Real Time Billionaires List – The World’s Richest People (Forbes)
- Tim Cook: ‘I consider being gay among the greatest gifts God has given me’ | Tim Cook | The Guardian (Theguardian)
- Tim Cook’s $800 Million Giving Pledge: Why It’s So Important (Forbes)
- Sec Form 4 Filing – COOK TIMOTHY D @ Apple Inc. – 2024-04-01 (Secform4)
