How rich is billionaire Tim Cook who just arrived in Vietnam this morning?

Apple CEO Tim Cook arrived in Hanoi this morning (April 15th). "There's no place quite like Vietnam, a vibrant and beautiful country. I'm incredibly excited to be here to connect with students, creators, and customers, and to better understand the diversity in how they use our products to create extraordinary things," Apple shared Tim Cook's message.

According to Forbes data, CEO Tim Cook has a net worth of $2.1 billion and is the 1,585th richest person in the world . He requested a pay cut in 2023 after his massive compensation package in previous years caused controversy among Apple shareholders.

According to filings with the U.S. Securities and Exchange Commission (SEC), Tim Cook's total compensation for 2023 amounted to $49 million, 40% less than the total amount he received in 2022.

SEC filings also revealed that the majority of Apple's CEO's salary was more dependent on the company's actual performance. He said his decision to reduce his salary was aimed at easing the burden on the company and its employees, while also demonstrating his confidence that the corporation would overcome current difficulties to continue leading the technology industry.

Apple's CEO has dedicated a portion of his wealth to real estate investments. Tim Cook's primary residence is a 2,400-square-meter house in Palo Alto, California (USA).

Apple CEO Tim Cook arrived in Hanoi by private plane (Photo: Reuters).

According to Business Insider , Tim Cook joined Apple as Senior Vice President of Global Operations. He has had to make difficult decisions such as closing several manufacturing plants, reducing the number of Apple's existing suppliers, outsourcing production whenever possible, and reducing the company's inventory.

After joining Apple, Tim Cook helped reduce the company's unsold inventory from $400 million to just $78 million in just over six months.

In 2007, Tim Cook was promoted to lead the company's operations. By 2009, when Steve Jobs was absent due to health reasons, Tim Cook took over as interim CEO. He was appointed CEO of Apple in 2011.

Since taking over as CEO, Cook has overseen the launch of new Apple products such as the Apple Watch and AirPods. The company's revenue and profits more than doubled in his first 10 years in charge.

Source: https://dantri.com.vn/kinh-doanh/ty-phu-tim-cook-vua-den-viet-nam-sang-nay-giau-co-nao-20240415121636566.htm