What is Tim Cook's Net Worth?

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Name: Tim Cook Born: November 1st, 1960 Company: Apple Inc. (AAPL) Position: CEO

Tim Cook currently has a net worth of an estimated:

$551,300,638


Tim Cook's net worth is unchanged today (weekend)


Information:

Timothy "Tim" Cook is the man who has the unenviable (or enviable, depending on how you look at it) task of succeeding Steve Jobs as the CEO of Apple Inc.

Apple Inc. is no longer the small fish doing battle against the likes of Microsoft and Dell. Apple is now the 800 pound gorilla, looking down at every single other publicly traded company in the world. Apple is currently the most valuable company in the world, worth more than the likes of Exxon Mobil, Microsoft and Berkshire Hathaway.

Tim Cook is charged with the task of making sure that the Apple machinery continues to run smoothly. Tim Cook is the man that is charged with the task of making sure that the planet continues to gobble up millions upon millions of iPhones, iPads, iMacs and iPods.

Cook was officially named as Apple's CEO on August 24th, 2011. Cook had "filled in" as CEO of the company multiple times in the past due to Steve Jobs' continued health problems.

Tim Cook joined Apple in 1998 after working at Compaq. Cook originally had the title of SVP of Worldwide Operations before moving up in the company. Cook is credited with implementing and overseeing the company's manufacturing outsourcing process.

In an effort to retain Cook over the long term, Apple awarded their new CEO 1 million RSUs (restricted stock units). Half of these restricted stock units vest on August 24th, 2016, while the other half vest on August 24th, 2021. Cook is free to sell his shares as soon as they vest.

These RSUs currently have a market value of well over $600 million.

After granting such a large chunk of restricted stock units to Cook, Apple said this:

"In light of Mr Cook’s experience with the company, including his leadership during Mr Jobs’ prior leaves of absence, the board views his retention as CEO as critical to the company’s success and smooth leadership transition. The RSU award is intended as a long-term retention incentive for Mr Cook, and, accordingly, should be viewed as compensation over the 10-year vesting period and not solely as compensation for 2011."

Tim Cook also received a $900k salary, $900k bonus and other perks during his first year on the job. Combine that with the RSUs and Cook took home one of the most lucrative compensation packages ever in 2011.

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Tim Cook was already phenomenally wealthy prior to his receiving 1 million Apple restricted stock units.

Here is a look at Tim Cook's total compensation from 2009-2011, including stock awards:

2011 - $377,996,537
2010 - $59,092,572
2009 - $1,641,317

Cook received a $5 million bonus and 75,000 in restricted stock units in 2010. He has since sold these shares.

Cook also received 200,000 RSUs in September of 2008, and these vested in full in March of 2012. Cook sold all of these 200k shares at a price of around $600 per share, which works out to a $120 million payday.

In addition, Cook was also granted 75,000 restricted stock units in March of 2010. Half of these shares vested in March of 2011, while the other half vested in March of 2012. Cook sold his first half at around $350/share and the second half at around $550 per share, for a payday of roughly $33.75 million.

Timothy Cook also serves as a Director at Nike. On December 21st, 2010, Cook sold 10,000 shares of Nike at $91. He had held options for Nike that were exercisable at $42.985 per share.

Based on everything that has been posted above, I'm confident adding $100 million in net worth to the value of Cook's 1 million restricted stock units.

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Other Notes:

-Cook still owns 13,817 shares of Apple, in addition to his 1 million restricted stock units

-Cook exempted himself from a compensation program at Apple that allows company employees to collect dividends on stock grants that have not yet vested. This move could cost Cook $75 million



Q: How many shares of Apple Inc. does Tim Cook own?

A: 1,013,817


Notes:

Tim Cook is worth 7,132 times more than the median US household

If Tim Cook sold everything that he owned, he could fund the United States' deficit spending for 0.2 days.



Most Recent SEC Filings From Tim Cook

4 - Statement of changes in beneficial ownership of securities
Filed: February 4, 2013, 3:37 pm

4 - Statement of changes in beneficial ownership of securities
Filed: September 24, 2012, 3:27 pm

4 - Statement of changes in beneficial ownership of securities
Filed: March 27, 2012, 5:54 pm

4 - Statement of changes in beneficial ownership of securities
Filed: March 12, 2012, 4:01 pm

4 - Statement of changes in beneficial ownership of securities
Filed: February 2, 2012, 4:05 pm




Note: Net Worth changes calculated at 4 pm EST daily

The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.