Nine years after being appointed head of Apple and when the group has never been so expensive on the stock market, Tim Cook has joined the very closed club of billionaires, according to the Bloomberg agency.
The apple brand hit a record market capitalization of just over $ 1.9 trillion on Monday at Wall Street’s close and could soon become the first US company to surpass the $ 2,000 billion mark.
Since the beginning of the year, the title of the Cupertino giant has climbed by more than 50%, symbol of the immense weight of the big technological groups on the New York square, which have pulled up the stock market indices since mid-March .
The vast majority of the estimated fortune of Mr. Cook, 59, has come from stocks granted to him since his debut at Apple in 1998.
In a document sent to the US stock market policeman in January, it was specified that he owned 847,969 Apple securities, which corresponds to just over $ 380 million at Monday’s closing price ($ 450.91).
According to calculations made by Bloomberg from regulatory and market performance analysis documents, Mr. Cook, 59, also received $ 650 million from previous stock sales, dividends and various financial compensation.
Except in the event of an unlikely fall on Wall Street in the coming days, the CEO of the Apple brand should also receive 560,000 additional shares before the end of the month.
Recalling that Mr. Cook made a commitment in 2015 to donate most of his wealth, Bloomberg said that it could be lower than estimates if the leader has carried out philanthropic actions without publicly disclosing them.
Either way, Tim Cook remains very far from the top of Bloomberg’s billionaire rankings, dominated by Amazon boss Jeff Bezos with $ 186 billion, followed by Microsoft co-founder Bill Gates ($ 121 billion ) and Facebook CEO Mark Zuckerberg ($ 99.7 billion).
But Mr. Cook has never owned more stock than these famous executives, all of whom were involved in building their respective companies.
Prior to joining Apple, Tim Cook held positions at IBM, Intelligent Electronics and Compaq. In August 2011, he succeeded the charismatic founder Steve Jobs, of whom he was until then the right-hand man.
At the time of Mr. Jobs’ death in October 2011, Apple was worth just over $ 350 million on Wall Street.
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