Tim Cook is a well-known business executive from America who is also a developer and industrial engineer. He is best known to be the CEO of Apple Inc. He was previously the Chief Operating Officer of Apple Inc. Cook has served in various designations of the company. He also serves on the board of Nike. He is Duke University’s trustee and is also on the board of National Football Foundation. Let’s find out more about how much is Tim Cook’s net worth in 2018.
Timothy Donald Cook was born on November 1, 1960, in Mobile, Alabama to his parents Geraldine Cook and Donald Cook. He was raised in nearby Robertsdale.
He completed his schooling at Robertsdale High School. He earned his Bachelor of Science in industrial engineering in 1982 from Auburn University. In 1988, Cook earned his MBA degree from the Fuqua School of Business of Duke University.
Tim Cook is openly gay. He is known to maintain a very private life and also supports LGBT rights. He is a fitness enthusiast and prefers going to the gymnasium. He also likes cycling and hiking.
He is a philanthropist, and under his leadership, Apple has made many donations to various charities. In 2015, Cook announced that he would be donating his entire stock worth $665 million to charity.
After completing his college, Tim Cook joined IBM in 1982. During that time, he became the company’s director of North American fulfillment. At the same time, he became a Fuqua Scholar. He left the company in 1994.
In 1994, he joined Intelligent Electronics and went on to become its Chief Operating Officer. He was with the company till 1998. In 1998, Cook joined Compaq as its Vice President for Corporate Materials. However, he remained with Compaq for only 6 months.
After leaving Compaq, Cook joined Apple Inc. after he was asked to join the company by Steve Jobs. He joined as the worldwide operations’ Senior Vice President. He replaced warehouses and factories with contract manufacturers. Following that, he became the Chief Executive of lead operations.
He was responsible for most of the daily operation of Apple. In the absence of Steve Jobs, he used to handle many important tasks of the company. In August 2011, Cook became the Chief Executive Officer of the company after the post got vacated by Jobs.
In his tenure with Apple, he has made several changes in the company and has taken several important decisions. Additionally, he also sits on the board of directors of Nike, as well as the National Football Foundation.
Awards & Achievements
In 2015, Tim Cook won the Visibility Award from the Human Rights Campaign. He was named as the World’s Greatest Leader in 2015 by Fortune Magazine. In the same year, he became an inductee of Alabama Academy of Honor. In 2014, he was named as the Person of the Year by Financial Times. He is the recipient of the Ripple of Change Award in 2015.
Net Worth of Tim Cook
Tim Cook has an estimated net worth of more than $785 million. He made this fortune by getting employed with Apple Inc. for the last 19 years. There has been a considerable gain in his net worth in the last few years, and his salary has also increased after he became the Chief Executive Officer of the company. In 2015, his annual salary was $10.28 million. He has also served for 12 years in the personal computer business of IBM.
Tim Cook is considered one of the most popular business executives in the world. He is also active in philanthropy and has made several contributions to various organizations. His popularity made him appear on the list of “100 Most Influential People in the World” by Time in 2012. Tim Cook has addressed several conferences across the world.