It is an upward slope that Apple has been on since March and the health crisis. Five months ago, the Cupertino company had a market valuation of $980 billion, slightly weakened by announcements of the pandemic, which initially sowed chaos on Wall Street.
In the meantime, Apple's share price has exploded. We didn't even have to wait six months for its valuation to go from $980 billion to... more than $1,900 billion. An unreal surge, which allowed the Californian company to take first place on the podium in the world rankings.
With such a surgeand in Olympic form among investors, Apple continues to sell and its turnover increased by 11% in the third quarter compared to last year. Enough to allow its CEO, Tim Cook, to become (finally) a billionaire, as Bloomberg calculations report today.
Billionaire Tim Cook
The agency reports that Apple was worth $350 billion nine years ago, when Steve Jobs passed the torch to Tim Cook to run his company. In view of its never-ending growth, Apple stock could nowexceed 2,000 billion dollars, an absolute record.
“Of all these stocks, Apple has become the greatest cash-generating machine in history”, said Hussein Kanji, a partner at venture capital firm Hoxton Ventures.
According to Bloomberg, this would have allowed Tim Cook to become a billionaire, thanks to his 847,969 shares in the company representing nearly $375 million, and his various additional remunerations adding $650 million according to Bloomberg agency calculations.
Of this fortune, Tim Cook already announced in 2015 that he wanted to donate the majority of it to charitable causes.
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By : Keleops AG
Editor for iPhon.fr. Passionate about the world of tech, new technologies and automobiles. Photographer in his spare time, and podcaster.
