TheStreet dives into the net worth of the mogul at the helm of Apple.
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00:00 Since taking the reins at Apple in 2012, Tim Cook has launched some of the most iconic products of our generation.
00:06 Apple Watches, AirPods, and so many iPhones helped push Apple to a more than $2.5 trillion market cap, making it the world's second largest company.
00:16 But how much wealth has he built for himself?
00:19 What is Tim Cook's net worth?
00:22 Cook owned over $3 million in Apple stock as of October 2023, which is less than 1% of Apple's total shares.
00:30 To compare, Elon Musk and Jeff Bezos hold 13% stakes in Tesla and Amazon, respectively.
00:36 But like most CEOs, Cook receives a pretty generous annual salary. In 2022, he was paid $84 million.
00:45 His base pay was $3 million, but coupled with company equity and other perks,
00:51 Cook's total compensation came out to $99 million for the year.
00:55 But in 2023, he took a pretty steep pay cut. Apple's board slashed Cook's total compensation by 40%, making it $49 million.
01:04 He also has a sizable real estate portfolio.
01:07 Cook's primary residence is a $2.4 million home in Palo Alto, purchased in 2010.
01:13 He also owns a $10 million mansion on a private golf course in La Quinta, California.
01:18 Outside of Silicon Valley, Cook is known for his philanthropy.
01:22 During the COVID pandemic, Cook donated $5 million and $2 million to two undisclosed organizations.
01:28 He's also given to the American Cancer Society, Doctors Without Borders, PETA, and several others.
01:34 According to Fortune, Cook plans to donate most of his wealth, mainly in the form of Apple stock, to various charities when he dies.
01:40 As of April 2024, Tim Cook's net worth is $2 billion, putting him low on the list of tech billionaires, but a billionaire nonetheless.
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