Tim Cook hits billionaire status with Apple nearing US$2tril

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Nine years after Steve Jobs stepped down and thrust Tim Cook to the top of Apple Inc, the company is more valuable than ever – and so is Cook.

Apple’s share price rose almost 5% last week, leaving the company Jobs co-founded 44 years ago in his parents’ California home on the cusp of stock-market milestone: a market value of nearly US$2tril .

While Bezos and Zuckerberg have huge stakes in the companies they founded, Cook’s path to the 10-figure-club was more incremental. The vast majority of his estimated wealth comes from equity awards he’s received since joining Apple in 1998, where he has drawn plaudits for mastering the company’s complex supply chain.

When Jobs stepped down in August 2011 and died soon after, Cook had already filled in as interim CEO on several occasions. But investors and analysts were concerned that Apple wouldn’t be able to innovate as much as it did in the past.

 

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