Amid the rise of shares prices of Apple, the CEO of the company Tim Cook has emerged as a billionaire. The market value of the conglomerate is spiking day & night due to robust outlook, results and soaring market demand.
Currently, Cook has 847,969 company shares to his credit. He drew $125m as his salary last year.
Interestingly, tech giants like Amazon, Facebook and Apple have witnessed a surge in their profits even during the Covid-19 pandemic.
Earlier, Mark Zuckerberg, founder of FB, touched a personal milestone of $100bn in his wealth.
The expensive smartphone maker is inching towards becoming the first company ever to touch the value of $2 trillion. Notably, just two years back it reached the milestone of $ 1 trillion valuations (again the first-ever).
Now, as per the tax guidelines, Mr Cook is liable to pay a tax rate of more than 50 per cent.