This video is about Tim Cook Net Worth 2023
$1.9 Billion as of June 2023
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Timothy Donald Cook (born November 1, 1960) is an American business executive who has been the chief executive officer of Apple Inc. since 2011. Cook previously served as the company's chief operating officer under its co-founder Steve Jobs. He is the first CEO of any Fortune 500 company who is openly gay.
Cook joined Apple in March 1998 as a senior vice president for worldwide operations, and then served as the executive vice president for worldwide sales and operations. He was made the chief executive on August 24, 2011, prior to Jobs' death in October of that year. During his tenure as the chief executive, he has advocated for the political reformation of international and domestic surveillance, cybersecurity, American manufacturing, and environmental preservation. Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion.
In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay. Cook also serves on the boards of directors of Nike, Inc. and the National Football Foundation; he is a trustee of Duke University, his alma mater. Outside of Apple, Cook engages in philanthropy, and in March 2015, he said he planned to donate his fortune to charity.
After graduating from Auburn University, Cook spent 12 years in IBM's personal computer business, ultimately serving as the director of North American fulfillment. During this time, Cook also earned his MBA from Duke University, becoming a Fuqua Scholar in 1988. Later, he served as the chief operating officer of the computer reseller division of Intelligent Electronics. In 1997, he became the vice president for corporate materials at Compaq for six months, but left the position after being hired by Steve Jobs.
In 1998, Steve Jobs asked Cook to join Apple. In a commencement speech at Auburn University, Cook said he decided to join Apple after meeting Jobs: Any purely rational consideration of cost and benefits lined up in Compaq's favor, and the people who knew me best advised me to stay at Compaq... On that day in early 1998, I listened to my intuition, not the left side of my brain or for that matter even the people who knew me best... no more than five minutes into my initial interview with Steve, I wanted to throw caution and logic to the wind and join Apple. My intuition already knew that joining Apple was a once-in-a-lifetime opportunity to work for the creative genius and to be on the executive team that could resurrect a great American company.