Tim Cook is now worth over $1 billion as Apple nears $2 trillionTim Cook has crossed the billion dollar mark.
What you need to know
Apple CEO Tim Cook is now worth over $1 billion.
The calculation was done by the Bloomberg Billionaires Index.
Cook's worth is made up mostly from equity awards while leading Apple.
Tim Cook is now worth over a billion dollars.
Reported by Bloomberg, Apple's share price rose about 5% last week, which has gotten the company extremely close to the record market value of $2 trillion and also thrust its CEO Tim Cook into the billionaire world.
Cook's net worth estimate is based on an analysis of regulatory filings and applying the market performance of a typical wealthy investor to his proceeds from share sales. Cook, 59, said in 2015 that he plans to give most of his fortune away and has already gifted million of dollars worth of Apple shares. His wealth could be lower if he's made other undisclosed charitable gifts.
Whereas other CEOs like Mark Zuckerberg of Facebook and Jeff Bezos of Amazon have achieved t...
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Tim Cook is now worth over $1 billion as Apple nears $2 trillion
