Apple CEO Tim Cook Barges Billionaires Club

Apple CEO Tim Cook Barges Billionaires Club

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. 

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