Apple CEO Tim Cook becomes a billionaire for the first time

<p class="p1">Apple CEO Tim Cook has for the first time become a billionaire as the Cupertino-based iPhone maker broke all previous records and is now the world's most valued company at over $1.84 trillion.</p>
<p class="p1">The net worth of Cook has crossed the $1-billion mark, officially making him a billionaire.</p>
<p class="p1">Cook, however, still has a long way to go to catch up with other CEOs on the Bloomberg Billionaires' list, like Amazon Founder and CEO Jeff Bezos ($187 billion), former Microsoft CEO Bill Gates ($121 billion) and Facebook CEO Mark Zuckerberg ($102 billion).</p>
<p class="p1">"Cook owns 847,969 shares directly and took home more than $125 million last year as part of his pay package," reports the BBC.</p>
<p class="p1">Apple is now closing in on the milestone of being the first company to be valued at $2 trillion.</p>
<p class="p1">Last week, Apple surpassed Saudi Arabia's state-owned oil company Saudi Aramco to become the world's most valuable company.</p>
<p class="p1">The strong earnings report helped Apple shares closed up 10.47 per cent to become the world's most valuable publicly-traded company, surpassing the largest oil producer in the world.</p>
<p class="p1">Riding on its growing services and wearables business, Apple is set to become the first company ever to touch the $2-trillion valuation mark.</p>
<p class="p1">Apple was the first US company to cross the $1-trillion mark in 2018.</p>.