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Tim Cook is a billionaire

by on11 August 2020

As Apple's share prices increase

Apple chief executive Tim Cook has moved into the billionaire club as the tech firm's share price continues to soar.

Cook owns 847,969 shares directly and took home more than $125 million last year as part of his pay package.

Apple's market value has been on the rise following strong results and the upbeat outlook for tech giants.

Technology companies including Apple, Facebook and Amazon have seen their profits grow during the coronavirus pandemic as more people went online. Last week, Facebook founder Mark Zuckerberg saw his personal wealth hit $100 billion.

The Tame Apple Press claims that Jobs' Mob is closing in on the milestone of being the first company to be valued at $2 trillion. Two years ago it become the first company to be valued at $1 trillion and we never heard the end of it -- even after it was overtaken by Microsoft.

Last modified on 11 August 2020
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