The net worth of Apple CEO Tim Cook is more than $ 1 billion than Apple’s Soars

Apple CEO Tim Cook’s net worth has risen to more than $ 1 billion, according to calculations by Bloomberg‘s Billionaires Index.

With a net worth of $ 1 billion, Cook does not rank high on the map of the world’s 500 richest people, a list topped by Amazon CEO Jeff Bezos and former Microsoft CEO Bill Gates. According to Bloomberg, Cook’s net worth was calculated using regulatory filings and market performance.

When former Apple CEO Steve Jobs died in 2011, Apple was valued at about $ 350 billion, and the company has grown significantly under Cook’s leadership. Much of Cook’s fortune came from stock prices when he took over as CEO. It has been awarded limited shares over time, and has received additional share awards, as Apple has outperformed at least two-thirds of the companies in the S&P 500.

Later this month, Cook is set to receive its ninth payout, which will include 560,000 shares of Apple stock and should boost its net worth by about $ 100 million.

Cook has said in the past that he intends to donate most of his money to charity, and that he is developing a “systematic approach to philanthropy.” For the past several years, Cook has donated $ 5 million annually in advance to various charities, although the charities have gone unnamed and it is unclear if there have been other undisclosed donations.