Tim Cook is set to become Executive Chairman on September 1, 2026, concluding his 15-year role as CEO that began on August 24, 2011, after succeeding Steve Jobs. During this period, he elevated Apple to the first company valued at $4 trillion and built a personal net worth of about $2.9 billion.
Cook owns around 3.28 million shares in Apple, worth approximately $886.4 million at the current price of $270.23 per share. Throughout his career, he has sold over $1 billion in company stock to broaden his investments, including a $6 million holding in Nike. He ranks 1,504 among the world’s billionaires in 2026.
In his last complete year leading the company, Apple’s revenue reached $416 billion, and Cook’s compensation totaled $74.3 million—about 533 times the average employee’s pay. His base salary stayed at $3 million for almost ten years, with most earnings from $57.5 million in stock awards tied to performance and a $12 million bonus for meeting ambitious goals. Another $1.7 million covered security and travel expenses.
Apple’s market value surged from $348 billion in 2011 to $4 trillion under Cook’s guidance, a rise of 1,050%. Yearly revenue grew nearly fourfold from $108 billion to $416 billion, fueled by a services segment earning more than $30 billion quarterly and a network of over 2.5 billion devices in use. As he steps into the chairman position, Cook will manage capital distribution and the company’s substantial dividend program, offering $0.26 per share each quarter, while John Ternus assumes the CEO role.
