Apple chief executive Tim Cook gets $750m payout

Apple to give each worker €900 to help them work from home. Image: Twitter

Long serving Apple chief executive Tim Cook gets $750m payout.

Tim Cook, who has served as Apple’s chief executive for 10 years, has a current net worth of around $1.5 billion, according to the Bloomberg Billionaires Index.

Under his employment agreement he is entitled to shares in the company behind the iPhone and a host of other household name gadgets including MacBook laptops and the iPad. A company filing with the US Securities and Exchange Commission shows that he sold most of the shares for more than $750 million (£550 million).

Shares in Apple, founded by Steve Jobs, have risen by 191.83 per cent over the last three years and the Silicon Valley giant’s share price has increased by 1,200 per cent since Cook became chief executive officer.

Apple now has a market valuation of almost $2.5 trillion.

The filing also showed that Cook donated some $10m worth of Apple shares to an unnamed charity.

Like Microsoft founder Bill Gates and investor Warren Buffet, Cook has also pledged to give away most of his wealth during his lifetime.

Thank you for taking the time to read this article, please remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and follow us on Facebook and Instagram.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Deirdre Tynan

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.


    Leave a comment

    Your email address will not be published.