Tim Cook Salary, Net Worth as CEO of Apple, Earninings in 2023, Total Wealth

In 2023, Tim’s one-year Salary is around $50 Million. In this article, we will learn about Tim Cook Salary, Net Worth as CEO of Apple, earnings in 2023, Total Wealth.

Tim Cook is an American business executive who has been the CEO of Apple Inc. since 2011. Prior to this, he served as the company’s COO under its co-founder Steve Jobs.

Tim Cook has been with Apple since March 1998 and has held various executive positions, including senior vice president for worldwide operations and executive vice president for worldwide sales and operations. He became the CEO on August 24, 2011, following the death of Steve Jobs in October of that year.

How Much is Tim Cook Salary, Net Worth?

Tim’s one-year Salary is around $50 Million. Apple CEO Tim Cook will receive a pay cut of more than 40% this year compared to the previous year. This is due to the company adjusting how they calculate his compensation, partly based on a recommendation made by Cook himself. The target total compensation for Cook in 2023 will be $49 million, which includes a $3 million salary, $6 million cash incentive, and $40 million in equity awards.

In March, Apple held a shareholder vote regarding executive pay. The vote resulted in 6.21 billion shares in favor of the package, 3.44 billion against it, and some abstentions and broker non-votes.

Apple’s compensation committee has adjusted the compensation of CEO Tim Cook after taking into account shareholder feedback, the company’s performance, and a recommendation from Cook himself. Cook has been the CEO of Apple since 2011.

After completing his degree at Auburn University, Cook worked for 12 years in IBM’s personal computer business. He eventually became the director of North American fulfillment. During this time, Cook earned his MBA from Duke University and was recognized as a Fuqua Scholar in 1988.

He later served as the chief operating officer of the computer reseller division of Intelligent Electronics. Cook briefly worked as the vice president for corporate materials at Compaq in 1997, but soon after left the position to work for Steve Jobs.

Tim Cook Net Worth in the last three years

Tim Cook Wealth

1. Car Collection

1. Porsche Boxster

There are rumors that Tim Cook may own a Porsche Boxster, although he hasn’t been seen driving it in public. The Boxster boasts a powerful six-cylinder engine that can produce over 255-hp and can go from 0-60 mph in under 5.6 seconds. It’s unknown what Cook drives when he’s not in the public eye.

2. BMW 5 Series

Despite being the CEO of a tech company that leads in innovation and has a multi-trillion dollar worth, Tim’s choice of cars is quite simple. Although he test-drove the BMW i8 Roadster, he opted for the BMW 5 Series as his daily driver to get to Apple offices. While not a high-performance car, the 5 Series has a luxurious interior and a capable engine that produces over 335-hp, allowing it to accelerate from 0-60 mph in less than six seconds.

2. House

Apple’s CEO Tim Cook resides in a two-story home situated in Palo Alto, California, close to Apple’s headquarters in Cupertino. He bought the house for $1.9 million in 2010, which boasts of a private garden and an expansive home library. Despite his high earnings, Tim Cook leads a modest lifestyle, unlike his tech billionaire peers like Jeff Bezos and Larry Ellison.

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Source: Explore