Apple boss Tim Cook joins billionaires club

CUPERTINO: Apple Chief Executive Officer (CEO) Tim Cook has recently joined the billionaire club.

As per details, Apple’s firm’s share price has been continuously rising following strong results and the upbeat outlook for tech giants. Cook owns 847,969 shares directly and took home more than $125m (£96m) last year as part of his salary package.

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

Last week, Facebook founder Mark Zuckerberg saw his personal wealth rise to $100bn (£76bn) after the launch of TikTok rival Instagram Reels.

Following the announcement, Facebook shares rose by more than 6 percent and since Zuckerberg holds a 13 percent stake in the company, his personal wealth saw remarkable growth.

Read more: Apple to open first retail store in India next year: Tim Cook

The 36-year-old Zuckerberg has now joined the centibillionaire club (worth over $100bn) along with Jeff Besoz, founder and CEO of Amazon, and Bill Gates of Microsoft. Tech giants have been in the limelight recently as the size and power of their companies and their personal wealth continue to grow.