Tim Cook receives a bonus of $ 750 million on the 10th anniversary of being Apple CEO

Apple CEO Tim Cook just celebrated 10 years in the job. He also marked the event by accepting and then selling off $750 million worth of shares. The transactions were disclosed in a filing Thursday, showing that Cook sold more than 5 million Apple shares.

As head of the company, Cook has received numerous bonus shares in recent years. And the stock bonus was activated this week for CEO holders, because Apple generated a shareholder return of nearly 192%, from August 2018 to 2021.

Apple is also currently the most valuable company in the world, with a market capitalization of more than $2.4 trillion. The company’s shares are up about 11% this year.

A few days ago, he also donated 70,000 Apple shares (worth about 10 million USD) to a charity. The recipient’s name was not disclosed.

According to the Bloomberg Billionaires Index, the Apple CEO officially became a billionaire last year and was last estimated to have a net worth of around $1.5 billion.

Tim Cook joined Apple in 1998 and held a variety of senior roles before taking on his current position, including chief executive officer and executive vice president of worldwide operations and business. He was appointed CEO in August 2011, after co-founder Steve Jobs resigned. Jobs died a few weeks later from complications of pancreatic cancer.

Before joining Apple, Cook worked at Compaq and IBM.

In 2014, Cook made history when he became the CEO of the first Fortune 500 company to come out as gay. A year later, he pledged to donate most of his fortune to charities.

Refer to CNN