Apple’s Tim Cook Joins Billionaire Club with the Company’s $1.9T Market Cap

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by Steve Muchoki · 2 min read
Apple’s Tim Cook Joins Billionaire Club with the Company’s $1.9T Market Cap
Photo: Depositphotos

Apple Inc. (NASDAQ: AAPL) CEO, Tim Cook, has seen his wealth surge and achieved a dollar billionaire title. AAPL shares have been on the rise despite negative impact on its global smartphone shipments by coronavirus pandemic.

With less than a decade in Apple Inc (NASDAQ: AAPL) utmost leadership position, CEO Tim Cook, has now joined the elite dollar billionaire club. This is after AAPL shares surged more than 5% last week, with the company nearing to clinch a $2 trillion market cap.

Tim Cook has overseen the development of the most recent Apple products including iPhone 11, iPad, MacBook and also Apple Smart watch. With the global demand for these products having significantly increased in the past few months, the shares are well poised to skyrocket.

Investors are generally feeling confident with Cook’s leadership and his capabilities to deliver with the $1.9 trillion market cap. This comes even as the smartphone global shipments have sharply declined in the first half of the year due to coronavirus supply chain disruptions.

Cook has however been cited saying he will donate most of his acquired wealth to charities over time. This makes the value precisely not accurate as high chances he might have donated some of  his shares before.

Tim Cook Notable Success at Apple Inc

After taking over from the late Apple Co-founder, Steve Jobs, the company was valued at around $350 billion. However, he has managed to push the company forward to one of the largest tech companies in the world.

Cook is among the CEOs running companies that they did not co-found but have managed to succeed and clinch the billion dollar mark. It is approximated that he owns around 847,969 shares of Apple stock, 0.02% of the total AAPL shares as of the time of publication. Other CEOs like Jeff Bezos and Elon Musk own a significant huge amount of shares in their respective companies.

There are other top investors in Apple who own a great number of stocks. Some of them include Arthur Levinson – owns 1,133,283 shares, representing 0.03% of all outstanding shares. , Al Gore -owns 113,585 shares of Apple stock, representing less than 0.01% of all outstanding shares., Vanguard Group Inc. – owns 336.7 million shares of Apple, representing 7.8% of total shares outstanding, BlackRock Inc. (BLK) – owns 274.7 million shares of Apple, representing 6.3% of total shares outstanding,  and Berkshire Hathaway Inc. (BRK.A) – owns 245.2 million shares of Apple, representing 5.7% of total shares outstanding.

Apple shares have been on the rise despite the ongoing coronavirus pandemic. In the past one year they have risen 115.78%, added 53.55% YTD, jumped 44.80% in the past three months and up 16.15% in the past one month.

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