Apple is one of the largest companies in the world, however, the company's CEO, Tim Cook, is not among the highest-paid CEOs in the world, according to a report by the Wall Street Journal (WSJ), Cook's annual salary in 2020 is about $14.7 million, as the Wall Street Journal published its ranking of the highest-paid CEOs in the Standard & Poor's 500 Index.
While Cook's annual salary puts him 171st on the list, interestingly enough, Apple is the largest company in the S&P 500 Index with a market capitalization of over $2 trillion. Worldwide, according to the WSJ, across the S&P 500 Index, the average CEO salary was about $13.4 million.
And the salary of the CEO of Apple increased by 28% in 2020, according to the report, noting that the salary is just a part of what Cook gets because he gets part of the shares being the CEO of Apple, and last year, a report from Bloomberg revealed that Cook He eventually became a billionaire.
The Bloomberg report stated that a large portion of Cook's estimated fortune comes from stock awards he has received since joining Apple in 1998.
When Cook took over as Apple's CEO in 2011, the estimated market value of the company was around $350 billion, and according to Bloomberg, Cook owned more than 8,47,000 shares of Apple stock, worth about $375 million.
According to Bloomberg calculations, Cook added another $650 million to his net worth through proceeds from previous stock sales, dividends, and other compensation.