Apple chief to get $750 million on 10th anniversary as CEO
Apple chief to get $750 million on 10th anniversary as CEO
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Apple CEO Tim Cook will soon receive his final tranche of the pay deal signed ten years ago. Yes! At the time of his appointment as the chief executive officer of the tech giant, he has signed a deal that includes a jackpot of five million shares of Apple Inc. 

As part of the deal, Cook will receive the shares of Apple Inc. In the reality check, if we go by Apple’s current stock prices, then Cook has hit a $750 million jackpot. At present, The 60-year-old handsome is already a billionaire. Thanking the annual payouts that were a part of the deal. Bloomberg Billionaires Index suggests that his net worth currently stands at about $1.5 billion. Cook had replaced Apple co-founder Steve Jobs as the CEO of the tech firm in 2011. Since then, he has taken the firm to another level of heights. The company from becoming the most valuable firm by market size to topping the $2 trillion valuation mark, made so many feats under his leadership. 

Interestingly, at the time of his appointment, several industry experts had doubted the meteoric rise of Tim Cook at Apple. It was a big question that if he couldn't match Jobs’ legacy that he left behind after his death in 2011 due to neuroendocrine cancer. But Cook has already proved his critics wrong, as he has been successful in more than doubling the company’s revenue in no time. He had said way back in 2015 that he intends to donate most of the fortune away. The top Apple executive has already donated millions of dollars worth of Apple stocks to charities, Bloomberg reported.

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