Tim Cook hits billionaire status with Apple nearing $2 trillion

Nine years after Steve Jobs stepped down and thrust Tim Cook to the top of Apple, the company is more valuable than ever – and so is Cook.

Apple’s share price rose almost 5% last week, leaving the company on the cusp of stock market milestone: a market value of nearly $2 trillion.

The company was valued at about $350 billion when Jobs died. Cook, meantime, has joined one of the most elite clubs for CEOs, who didn’t actually found the companies they run, with a net worth that has eclipsed $1 billion, according to calculations by the Bloomberg Billionaires Index.

His net worth estimate is based on an analysis of regulatory filings and applying the market performance of a typical wealthy investor to his proceeds from shares sales.

Cook, 59, said in 2015 that he plans to give most of his fortune away and has already gifted million of dollars worth of Apple shares and his wealth could be significantly lower if he has made other undisclosed charitable gifts.

Josh Rosenstock, a spokesperson for Apple, declined to comment.   

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