Tim Cook joins the billionaires club
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Sunday
February 05, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SUNDAY, FEBRUARY 05, 2023
Tim Cook joins the billionaires club

Tech

TBS Report
11 August, 2020, 01:10 pm
Last modified: 11 August, 2020, 02:23 pm

Related News

  • Apple CEO Tim Cook to take a more than 40% pay cut
  • ISS urges Apple shareholders to vote against CEO Cook's bonus
  • Tim Cook earned over 1,400 times the average Apple worker in 2021
  • Apple’s new iPhone 13 touts faster 5G, sharper cameras to spur trade-ins
  • Apple chief Tim Cook gets $750 million payout as he marks 10 years in the job

Tim Cook joins the billionaires club

Apple's market value has been on the rise following strong results and the upbeat outlook for tech giants

TBS Report
11 August, 2020, 01:10 pm
Last modified: 11 August, 2020, 02:23 pm
Tim Cook joins the billionaires club

Apple CEO Tim Cook has moved into the billionaire club as the tech firm's share price continues to soar.

Cook owns 847,969 shares directly and took home more than $125m last year as part of his pay package, reports BBC. 

Apple's market value has been on the rise following strong results and the upbeat outlook for tech giants. 

Last week, Facebook founder Mark Zuckerberg saw his personal wealth hit $100bn. 

Technology companies including Apple, Facebook and Amazon have seen their profits grow during the coronavirus pandemic as more people went online.

Silicon-Valley based Apple is now closing in on the milestone of being the first company to be valued at $2tn. Two years ago it become the first company to be valued at $1tn.

Cook took over from Apple founder Steve Jobs nine years ago. His billionaire status is based on the shares he owns and the compensation he has been paid at Apple, and calculated by the Bloomberg Billionaires Index.

In 2015, he said he planned to give most of his fortune away and has already donated million of dollars worth of Apple shares.

Facebook's Zuckerberg has made a similar pledge to give away the majority of his shares.

Zuckerberg, along with Amazon's Jeff Bezos and Tesla's Elon Musk, accrued their wealth from the huge stakes in the companies they founded.

In comparison, Cook's stake in Apple is miniscule at about 0.02%.

Based on US federal and state taxes for California, Cook would face a tax rate of just over 50%, as a top-bracket earner.
 

Top News

Tim Cook / billionaire's club / joins

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • ICB to withdraw Padma Bank investment as return eludes
    ICB to withdraw Padma Bank investment as return eludes
  • Some tough tasks on the plate for Bangladesh Bank!
    Some tough tasks on the plate for Bangladesh Bank!
  • Influentials thwart Bangladesh's reform attempts: Economists
    Influentials thwart Bangladesh's reform attempts: Economists

MOST VIEWED

  • Photo: Bloomberg
    Mapping the world, one centimetre at a time
  • Photo: Collected
    Astronomers discover Milky Way's most-distant stars
  • Photo: Collected
    ChatGPT makes the first move with subscription model in an ensuing AI race
  • Photo: Michael Nagle/Bloomberg
    Google, Apple, Amazon give investors reason to fret
  • A Microsoft logo is seen in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson
    From Meta to Microsoft, AI's big moment is here
  • Photo: Collected
    ChatGPT in spotlight as EU's Breton bats for tougher AI rules

Related News

  • Apple CEO Tim Cook to take a more than 40% pay cut
  • ISS urges Apple shareholders to vote against CEO Cook's bonus
  • Tim Cook earned over 1,400 times the average Apple worker in 2021
  • Apple’s new iPhone 13 touts faster 5G, sharper cameras to spur trade-ins
  • Apple chief Tim Cook gets $750 million payout as he marks 10 years in the job

Features

Sketch: TBS

Say 'Salud' before your salad main course

21h | Food
Coots running. Photo: Enam Ul Haque

Cute Coot of Baikka Beel: 'And yet he was as bald as a coot'

15h | Panorama
With only one government run specialised cancer hospital in the capital — the National Institute Of Cancer Research and Hospital (NICRH) in Mohakhali — patients have no option but to resort to private hospitals. Photo: Noor A Alam.

Cancer care: Medical treatment and beyond

21h | Panorama
Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

1d | Panorama

More Videos from TBS

Prioritise medical equipment, raw material imports over luxury items

Prioritise medical equipment, raw material imports over luxury items

12h | TBS Round Table
Adani row rocks India’s parliament

Adani row rocks India’s parliament

11h | TBS World
Concord launches new plant to produce environment friendly bricks

Concord launches new plant to produce environment friendly bricks

17h | TBS Stories
How Asif Khan would invest his fresh funds right now

How Asif Khan would invest his fresh funds right now

18h | TBS Markets

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
Photo: Collected
Energy

8 Ctg power plants out of production

3
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

4
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]