Apple is the most powerful player in the smartphone market; and not only that, the accounts of the company are huge, the profits keep growing; and they are among the most expensive in the world. The peak of Apple’s financial fortune will not be easy for others to climb. The company has a decent margin of safety and a huge army of fans.
Apple owes its success in particular to Tim Cook, who can safely be called an effective manager who turned the company into a money-making machine. It is therefore logical that Apple is generous with the services of Tim Cook. The CEO’s income for the past year was $ 98.7 million; in the form of base salary, shares and other compensation. By simple mathematical calculations, you can find that Tim Cook received over $ 270,000 per day and approximately $ 11,267 per hour (24 hour basis).
At the same time, his annual salary remains unchanged – $ 3 million. The main income is due to the fact that he received Apple shares in the amount of $ 82,347,835. Over 5 million shares that Tim Cook acquired on his own and this brought him total income of $ 754 million; but this amount is not included in the income paid to him directly by the company.
How much Apple CEO Tim Cook made in 2021
In addition to actual pay and stock, Tim Cook received a $ 12 million award and 1.4 million “other compensation.” Other benefits include vacation pay of $ 23,077, security costs of $ 630,630 and personal air travel in the amount of $ 712,488. Tim Cook uses a private jet for air travel, and that’s an Apple safety requirement.
For comparison, Apple CEO’s revenue in 2020 was $ 14.8 million, and the salary increase in 2021 is mainly due to the shareholding that Tim Cook received as a bonus in the year. last. Cook’s fortune is estimated at $ 1.5 billion, according to Forbes, but that only places him at 2,083rd in the ranking of the richest people in the world.
For comparison, Facebook co-founder and Meta CEO Mark Zuckerberg is the sixth richest person in the world with an estimated net worth of $ 118 billion. Amazon founder Jeff Bezos is in third place on the moneybag list with a fortune of $ 188.7 billion. The richest of all CEOs is Elon Musk, whose fortune is estimated at $ 264 billion.
It’s worth mentioning that many analysts and market commentators expect Apple to finally launch Apple Glass; its first augmented and virtual reality headset, running in 2022. Thanks to this new accessory, the Cupertino giant should generate significant profits around the world. Financial analysts even estimate that the AR headset will play a role of growth driver in the next 10 years; after the iPhone has stopped.