Apple CEO Tim Cook hits billionaire status

Marcio Jose Sanchez/AP

• Apple chief executive Tim Cook has joined the billionaire's club, according to analysis by Bloomberg.
• Cook's net worth reflects a mix of the salary he's earned at Apple, the number of shares he holds in the firm, and the proceeds from his share sales, per Bloomberg.
• Apple's market capitalization is hovering around $2 trillion.
• Unlike several other big tech CEOs, Cook is not a founder-CEO, so his net worth is considerably lower than some of his peers.
• Visit Business Insider's homepage for more stories.

Apple CEO Tim Cook has hit billionaire status, according to an analysis by Bloomberg.

His $1 billion-plus net worth reflects a mix of the money he's earned at Apple through his salary, the number of shares he holds in the company, and the estimated proceeds from his share sales, per Bloomberg.

See the rest of the story at Business Insider

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