
New Delhi: Major news has emerged from Apple, a company that holds a top-ranking spot on the list of the world’s largest tech firms. Tim Cook, who has held the reins of this $4 trillion company, is set to step down from his position. He has spent approximately 28 years at Apple and, having led the company as CEO for nearly 15 years, has steered it to unprecedented heights. John Ternus is now set to take over the command of Apple in his place.
Cook’s Entry into Apple in 1998
Tim Cook joined Apple in 1998. Prior to this, he had worked at IBM for nearly 12 years. Starting his career at Apple by managing operations and the supply chain, Tim Cook later became the Chief Operating Officer (COO); subsequently, in 2011—after Steve Jobs stepped down due to health issues—he assumed the role of the company’s CEO.
As CEO, he spearheaded Apple’s advancement, propelling it onto the list of the world’s most valuable companies. Now, Cook is set to leave behind a monumental legacy.
Tim’s Net Worth: This Is the Figure
While Apple’s market value witnessed a meteoric surge under Tim Cook’s leadership, his personal net worth also recorded a sharp increase. According to the latest data from Forbes, Tim Cook’s actual net worth stands at approximately $2.9 billion.
A significant portion of Tim Cook’s wealth is tied to Apple shares. Cook holds over 3 million shares of Apple stock. However, despite this substantial shareholding, his actual stake in the company amounts to merely around 1 percent. Over the past few years, he has further augmented his personal wealth by selling shares valued at over $1 million.
With Cook at the Helm, the Company Soared
Under Tim Cook’s leadership, Apple has achieved robust growth. During his tenure, Apple’s market value surged from approximately $350 billion to nearly $4 trillion. Annual revenue, which stood at $108 billion in 2011, grew to surpass $416 billion last year (2025). Even after stepping down as Apple CEO, 65-year-old Tim Cook will remain associated with the company as Executive Chairman.
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