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Tim Cook, CEO Of Apple: Salary, Net Worth, Partner, Boyfriend

By Soni Pahadi | On: 04 Dec, 2019
Tim Cook, CEO Of Apple: Salary, Net Worth, Partner, Boyfriend

"Life is fragile, we are not guaranteed a tomorrow so give it everything you have got."

This exact statement is what encouraged Tim Cook, the CEO of Apple, to achieve success.

He is the man behind the huge success of Apple’s business. He joined Apple as a Chief Operating Officer in 1998. After, Steve Job's resignation he was appointed as a CEO on 24 August 2011; he upgraded the position of Apple in the world’s market.

For his marvelous work, he was listed in Forbes Magazine as Innovative Leaders 2019 and Powerful People 2018.

Net Worth And Salary

As the CEO of Apple, Tim's annual salary is estimated to be $3 million. Overall, his net worth is estimated to be $625.37 million. He does not receive any bonus and stock award but he does accept a non-equity incentive plan and it is about $12 million.

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Also, in 2018 his pay was raised by 22% on the eve of stock collapse. His compensation was $682,000 including $3,000 life insurance payments,$16,500 to his retirement plan, $57,000 for vacation payouts, $294,000 for personal flights and private jets and $311,000 for his security details.

Tim Cook at the launch of iPad Pro in 2018 (Photo: onezero.medium.com) 

On top of that, Tim is also the board of directors for Nike; he has $3.4 million dollars in stock options from the brand.

Is He Gay? Dating And Boyfriend Details

Well, Yes! He opened up about his gay sexuality on 30 October 2014, by writing an essay for Bloomberg Business,

“I’m proud to be gay, and I consider being gay among the greatest gifts God has given me,”

After he revealed his sexual orientation, he was supported by many people including straight and gay; this act helped many people to come out of the closet and speak up about who they really were.

Though he is very open about his sexuality, he is very confidential about his personal life. Until now, it is still a mystery whether he is living with a partner or not, as there is no news regarding his wedding.

Nevertheless, in May 2018, he was linked up with a tech hotshot, Benjamin Ling. However, none of them commented on anything regarding the rumor.

Education And Career

Tim completed his schooling from Robertsdale High school. And in 1982 he earned a Bachelor of Science in industrial engineering from Auburn University.

Likewise, he gained his Master's degree in Business Administration from Duke University as Fuqua Scholar Of Business in 1988.

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After graduation, he worked with IBM’s personal computer business. In the company, Tim spent his 12 years served as director of North American fulfillment. And in 1994, he joined IBM and there he worked as a Chief Operating Officer of the Reseller Division.

Later, in 1997 he joined Compaq Computer Corporation as a Vice President and he only worked for 6 months. Instantly, in 1998, he was offered to work for Apple.

His Family Details

Tim is the son of Geraldine and Don Cook. His parents sprung from rural Alabama to Robertsdale as they wanted their children to go to the same school.

Talking about his parent’s occupation, his father was a shipyard worker for Alabama Dry Dock and Shipbuilding whereas; his late mother was a pharmacist at a drugstore.

Apart from his parents, he has an older brother, Gerald and younger, Michael.

Interesting Facts About Him:

  1. He worked in a drugstore and as a newspaper carrier during his teenage.
     
  2. He stands at a height of 6 feet (1.63 meters).
     
  3. He celebrates his birthday on 1st November.