Tim Cook’s net worth is now over $1 billion after 2021January 7, 2022
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Apple’s financial reports show that, including a rare stock award, CEO Tim Cook was paid $98,734,394 in 2021, pushing his net worth over the $1 billion mark.
That plan concerned restricted stock units, with the number Cook was to receive being tied to Apple’s overall performance. He earned the maximum amount possible — 560,000 shares — which translated to $89.2 million.
Five million shares Cook holds vested in 2021, worth around $750 million. That is not included in his earnings figure. All told, 2021 pushed Cook’s net worth to over $1 billion.
Cook’s base salary is $3 million, compared to $1 million each for CFO Luca Maestri, general counsel Kate Adams, Retail + People’s Deirdre O’Brien, and COO Jeff Williams. Each also received various stock awards and other unspecified compensation, meaning they earned around $27 million apiece.
Apple’s full filing notes that the company does not “provide pensions or supplemental executive health or insurance benefits.”
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