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Tim Cook Net Worth in 2022 Career & Relationship

Estimated value:
€625 million
Age:
61
Born:
11/01/1960
Country of origin:
United States of America
Source of Wealth:
entrepreneur
Last updated:
2021

Short introduction

Timothy Donald Cook (born November 1, 1960 in Mobile, Alabama, USA) is an American executive and CEO of Apple. He joined the company in March 1998. After Steve Jobs resigned (due to a long illness) on August 24, 2011, he took over as CEO.

Cook joined Apple in March 1998 as senior vice president and then served as executive vice president of worldwide sales and operations. He was appointed CEO on August 24, 2011, before Jobs’ death in October of that year. During his tenure as chief executive, he advocated for policy reform in international and national surveillance, cybersecurity, corporate taxation, America’s manufacturing sector and environmental protection.

In 2014, Cook became the first CEO of a Net Worth 500 company to be publicly known as gay. Cook also serves on the boards of directors of Nike, Inc., the National Football Foundation and is a trustee of Duke University. In March 2015, he said he plans to donate his entire stock Net Worth to charity.

early life

Tim grew up in Alabama. His father was a shipyard worker and his mother a housewife. Cook received a bachelor’s degree in industrial manufacturing from Auburn University in 1982 and an MBA from the Fukua School at Duke University in 1988.

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Career

His career began at IBM, where he worked for 12 years. He then spent six months at Compaq, vice president of enterprise materials. He was then hired by Steve Jobs and came to Apple. Tim helped former Apple CEO Steve Jobs for two months in 2004 while he was being treated for pancreatic cancer. Cook is also a member of Nike’s board of directors.

In 2007 he was appointed Chief Operating Officer. In 2009, Tim again helped Steve for several months when Jobs was on vacation due to an upcoming liver transplant. In January 2011, the Apple Board of Directors approved Steve Jobs’ requested medical leave and Tim Cook was named acting CEO.

Jobs resigned on August 24, 2011, recommending Tim Cook as CEO. On August 25, 2011, he was officially named Apple’s new CEO. In 2011, his “salary” (total compensation) was $380 million, including annual salary and director’s bonus. In addition, Cook owns $442 million in stock in the company.

In 2016, Tim Cook received bonus money for the successful management of Apple, as well as high company quotas.

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Alongside Google Vice President Vint Cerf and AT&T CEO Randall Stephenson, Cook attended a summit on August 8, 2013, organized by President Barack Obama related to post-NSA government surveillance and the internet. Edward Snowden Incident.

After the December 2015 terrorist attack in San Bernardino, California that killed 14 people by Rizwan Farook and Tashfeen Malik, the Federal Bureau of Investigation asked Apple to “unlock” an iPhone 5C used by Farook. On February 16, 2016, at the request of the Justice Department, a federal judge ordered Apple to create a custom version of iOS firmware that would allow investigators to bypass the phone’s security features. Cook responded in an open letter, denouncing the government’s demands as an “invasion of privacy” with “appalling” consequences.

Career highlights

Tim Cook is a fitness enthusiast and loves to ride a bike. Every morning Cook gets up and does yoga. Speaking at Auburn University in 2010, he emphasized the importance of intuition in making life decisions.

For three years, one of the most widely read and most influential LGBT magazines has included Tim Cook on the Power List – a list of “The 50 Most Influential LGBTQ People in American Culture Today”. He came first in 2012 and 2013, and second in 2014, but stating, “The soft-spoken tech guru might be the most powerful gay man alive — or at least in the digital hemisphere.”

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As the CEO of Apple Inc., Cook regularly starts emailing at 4:30 p.m. He previously held Sunday evening telephone staff meetings to prepare for the next week. Cook shared in May 2013 that his leadership is focused on people, strategy and execution; He explained: “When you get those three things right, the world is a great place.” Under Cook’s leadership, Apple has increased its charitable giving. In 2013, he hired Lisa Jackson, who was previously the head of the Environmental Protection Agency, to help Apple develop its renewable energy activities.

Famous quotes

“Let your joy be in your journey – not in some distant goal.” …
“It’s about finding your values, and committing to them. …
“From the onset, I wanted to pour every ounce that I had in myself into the company. …
“History rarely yields to one person, but think and never forget what happens when it does.

Estimated value: €625 million

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