NEW YORK - 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.
Cook's net worth estimate is based on an analysis of regulatory filings and applying the market performance of a typical wealthy investor to his proceeds from share sales. 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.
Around half of those will likely be withheld for taxes but the remainder should boost Cook's fortune by another US$100 million. He currently owns 847,969 shares directly, or about 0.02% of Apple shares, worth around US$375 million. 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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