Apple’s Tim Cook Is a Billion Dollar Man—and He Could Soon Be Richer

August 27, 2020

Amit Batish

Nearly a decade has passed since Tim Cook assumed the Chief Executive post at Apple. Prior to succeeding Apple Co-Founder Steve Jobs as CEO, Cook served as the company’s Chief Operating Officer. During his tenure at Apple, Cook has been compensated generously, realizing $1,084,291,659 since fiscal 2007.

The COVID-19 pandemic has shifted the world in all aspects of life, forcing consumers to search for ways to stay connected and entertained. Consequently, Apple is among a handful of companies thriving in this environment. In July, the company far surpassed expectations and posted a record third quarter with reported revenue at nearly $60 billion as sales for iPhones, iPads and Mac computers surged. Apple’s stock soared and the company’s market value surpassed $2 trillion.

Due to Apple’s strong stock performance, Cook recently received 560,000 shares as part of a grant he was awarded when he became CEO in 2011. Half of those shares vested contingent on meeting TSR goals relative to the S&P 500. From August 25, 2017 to August 24, 2020, the measurement period, Apple’s stock price grew 150.8%. As of yesterday’s stock price, those shares are valued at $281,920,800, up about $1.5 million from Monday. Cook has one tranche remaining from his 2011 award—he’ll be eligible to vest up to 1,260,000 shares on August 24, 2021. Based on yesterday’s stock price, that would be valued at $637,673,400.

While the pandemic continues to impact everyday life, Apple and Tim Cook will continue to thrive as consumers seek entertainment as they shelter from the virus. As Apple continues to exceed Wall Street forecasts, it appears Cook stands to further increase his net worth.

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Amit Batish

Manager, Content & Communications

Amit Batish, Manager, Content & Communications, authored this post. Courtney Yu, Director of Research, conducted data and analysis. Please contact Amit Batish at abatish@equilar.com for more information about this article.