Tim Cook hits billionaire status with Apple nearing US$2 trillion

Cook has joined one of the most elite clubs for CEOs who didn’t actually found the companies they run: his net worth has eclipsed US$1bil (RM4.2bil), according to calculations by the Bloomberg Billionaires Index. — Reuters

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

Apple’s share price rose almost 5% last week, leaving the company Jobs co-founded 44 years ago in his parents’ California home on the cusp of stock-market milestone: a market value of nearly US$2tril (RM8.4tril).