Categories: Economy

Apple CEO Tim Cook becomes a billionaire for the first time

&lt;p class=&quot;p1&quot;&gt;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&#039;s most valued company at over $1.84 trillion.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;The net worth of Cook has crossed the $1-billion mark, officially making him a billionaire.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;Cook, however, still has a long way to go to catch up with other CEOs on the Bloomberg Billionaires&#039; list, like Amazon Founder and CEO Jeff Bezos ($187 billion), former Microsoft CEO Bill Gates ($121 billion) and Facebook CEO Mark Zuckerberg ($102 billion).&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;&quot;Cook owns 847,969 shares directly and took home more than $125 million last year as part of his pay package,&quot; reports the BBC.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;Apple is now closing in on the milestone of being the first company to be valued at $2 trillion.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;Last week, Apple surpassed Saudi Arabia&#039;s state-owned oil company Saudi Aramco to become the world&#039;s most valuable company.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;The strong earnings report helped Apple shares closed up 10.47 per cent to become the world&#039;s most valuable publicly-traded company, surpassing the largest oil producer in the world.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;Riding on its growing services and wearables business, Apple is set to become the first company ever to touch the $2-trillion valuation mark.&lt;/p&gt;
&lt;p class=&quot;p1&quot;&gt;Apple was the first US company to cross the $1-trillion mark in 2018.&lt;/p&gt;.

IANS