Tim Cook has just sold nearly two hundred thousand AAPL shares, for a value of more than thirty million dollars. These options are probably due to him thanks to his financial results in good shape. Indeed, the contract linking the manager to Apple grants him the possibility of selling securities according to objectives defined internally. These remain unknown to the general public, at least in detail. But broadly speaking, we can assume that seniority or even turnover are taken into account. As is often the case, however, you should know that society is not the only decision-maker here. Therefore, because the latter is listed on the stock exchange, the SEC also monitors this type of transaction to avoid possible illegal price manipulation. The SEC presents itself as the equivalent of the French AMF (financial markets authority), but for the market regulated by the United States.
Tim Cook has been at the helm of Apple since 2011, when Steve Jobs died following poorly treated pancreatic cancer. Since his successor took power, Cupertino has officially exceeded three trillion dollars in capitalization on the Wall Street stock exchange. It was also during the Tim Cook era that Apple became more open to the personalization of iOS, to competition and even to the media. A future version of the iPhone operating system should also confirm this positioning, becauseit would be possible to insert spaces between the rows of icons on the home screen.
How much does Tim Cook weigh today?
This is a good time to ask the question, becauseForbeshas just published its latest ranking of the richest billionaires on the planet. And Tim Cook is precisely part of this very exclusive club, which only has a few thousand members. Apple's number one is ranked 1623rd at the time of writing. At sixty-three, the California resident would have assets worth nearly two billion dollars. For comparison, Lauren Powell Jobs and her family are now 154th in the ranking with more than twelve billion dollars to their credit. Also a shareholder of Disney, the American is the ex-wife of Steve Jobs and inherited part of his fortune, and the other part of his yacht designed in particular by the French designer Philippe Starck.
Coming back to Tim Cook, let us note, moreover, that he can, beyond his own income, also benefit from Apple's largesse during his travels. The company thus pays for private jet trips as well as a protection service in the form of bodyguards, essential to his safety. When we know that the management of the CEO has allowed the company to be as prolific as its latest financial results prove, it is understandable.
Apple is not the best maker of billionaires
Despite its second position in the list of the highest stock market valuations in the world andvery healthy income, we clearly see that Apple is not the company to which we owe the most billionaires. We therefore find only a few current or past employees of the company in the top 1000 ofForbes. Note, however, that Warren Buffet, whose portfolio is mainly made up of AAPL stocks, remains one of the richest men in the world with a colossal fortune of around $133 billion – at the latest news.
For comparison, today more people from Alphabet or Microsoft appear in the rankings. Among these, we can notably cite the case of Steve Ballmer or Bill Gates at Redmond, but also of Sergey Brin and Larry Page at Alphabet (new name of Google).
- Tim Cook just sold nearly $30 million worth of AAPL stock
- The man is today one of the richest at Apple, but after the ex-wife of Steve Jobs
- Apple is the second largest market capitalization on the planet
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By : Keleops AG
