According to new analysis by Bloomberg, the Apple CEO Tim Cook has now moved into the billionaire club, as his personal net worth has recently just crossed the $1 billion mark.

What makes Tim Cook’s new billionaire status unusual

Tim Cook’s case of becoming a billionaire is bit unusual if compared to the other billionaire CEO’s like Jeff Bezos of Amazon, who tops the list at $187 billion, followed by former Microsoft CEO Bill Gates, Mark Zuckerberg of Facebook and Tesla CEO Elon Musk. Because Cook didn’t found Apple, and it’s rare for any non-founder CEO to become a billionaire.

Tim Cook new billionaire

And his billionaire status is purely based on the shares he owns and the compensation he has been paid at Apple.

Currently, Tim Cook owns nearly 850,000 shares of Apple Inc. which are worth about $375 million. Other compensation like profits from past share sales and dividends also brings another $650 million, and the ninth payout from Cook’s equity awards add another $100 million into his wealth.

Apple approaching new milestone after Cook’s takeover

Also if you check after Tim Cook’s took over Apple Inc. from Apple founder Steve Jobs nine years ago, Apple has more than doubled its revenue and profits. Even Apple’s Share prices are nearly 5% up since the beginning of August, and now the Silicon-Valley based company is on the verge of becoming the 1st company with a market cap of $2 trillion. And also because of those gains, Cook is now also worth more than ever before. Cook conceivably built Apple into the most valuable publicly traded company in the world.

Apples worth $2 Trillion

And if you remember in last years’ list of the highest paid U.S. chief executives, Cook ranked second behind the only Tesla CEO Elon Musk.

Tim Cook is well-known for his philanthropy, and back in 2015, he pledged to give away most of his fortune to charitable causes in a “systematic approach” and has donated millions of dollars worth of Apple shares.

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