San Francisco, Aug 11 (SocialNews.XYZ) Apple CEO Tim Cook has for the first time become a billionaire as the Cupertino-based iPhone maker broke all previous records and is now the worlds most valued company at over $1.84 trillion.
The net worth of Cook has crossed the $1-billion mark, officially making him a billionaire.
Cook, however, still has a long way to go to catch up with other CEOs on the Bloomberg Billionaires' list, like Amazon Founder and CEO Jeff Bezos ($187 billion), former Microsoft CEO Bill Gates ($121 billion) and Facebook CEO Mark Zuckerberg ($102 billion).
"Cook owns 847,969 shares directly and took home more than $125 million last year as part of his pay package," reports the BBC.
Apple is now closing in on the milestone of being the first company to be valued at $2 trillion.
Last week, Apple surpassed Saudi Arabia's state-owned oil company Saudi Aramco to become the world's most valuable company.
The strong earnings report helped Apple shares closed up 10.47 per cent to become the world's most valuable publicly traded company, surpassing the largest oil producer in the world.
Riding on its growing services and wearables business, Apple is set to become the first company ever to touch the $2-trillion valuation mark.
Apple was the first US company to cross the $1-trillion mark in 2018.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz