Tim Cook Net Worth 2023 | CEO of Apple Tim Cook

This video is about Tim Cook Net Worth 2023 $1.9 Billion as of June 2023 #timcook #apple #business #richestperson #americanactor #indianbusinessman #hollywoodactor #informationhub Subscribe for World informative Videos and press the bell icon Timothy Donald Cook (born November 1, 1960) is an American business executive who has been the chief executive officer of Apple Inc. since 2011. Cook previously served as the company's chief operating officer under its co-founder Steve Jobs. He is the first CEO of any Fortune 500 company who is openly gay. Cook joined Apple in March 1998 as a senior vice president for worldwide operations, and then served as the executive vice president for worldwide sales and operations. He was made the chief executive on August 24, 2011, prior to Jobs' death in October of that year. During his tenure as the chief executive, he has advocated for the political reformation of international and domestic surveillance, cybersecurity, American manufacturing, and environmental preservation. Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion. In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay. Cook also serves on the boards of directors of Nike, Inc. and the National Football Foundation; he is a trustee of Duke University, his alma mater. Outside of Apple, Cook engages in philanthropy, and in March 2015, he said he planned to donate his fortune to charity. After graduating from Auburn University, Cook spent 12 years in IBM's personal computer business, ultimately serving as the director of North American fulfillment. During this time, Cook also earned his MBA from Duke University, becoming a Fuqua Scholar in 1988. Later, he served as the chief operating officer of the computer reseller division of Intelligent Electronics. In 1997, he became the vice president for corporate materials at Compaq for six months, but left the position after being hired by Steve Jobs. In 1998, Steve Jobs asked Cook to join Apple. In a commencement speech at Auburn University, Cook said he decided to join Apple after meeting Jobs: Any purely rational consideration of cost and benefits lined up in Compaq's favor, and the people who knew me best advised me to stay at Compaq... On that day in early 1998, I listened to my intuition, not the left side of my brain or for that matter even the people who knew me best... no more than five minutes into my initial interview with Steve, I wanted to throw caution and logic to the wind and join Apple. My intuition already knew that joining Apple was a once-in-a-lifetime opportunity to work for the creative genius and to be on the executive team that could resurrect a great American company. His first position was senior vice president for worldwide operations. Cook closed factories and warehouses, and replaced them with contract manufacturers; this resulted in a reduction of the company's inventory from months to days. Predicting its importance, his group had invested in long-term deals such as advance investment in flash memory since 2005. This guaranteed a stable supply of what became the iPod Nano, then iPhone and iPad. Competitors at Hewlett-Packard described their cancelled HP TouchPad tablet computer and later said that it was made from "cast-off, reject iPad parts". Cook's actions were recognized for keeping costs under control, and combined with the rest of the company, generated huge profits. After Jobs resigned as CEO and became chairman of the board, Cook was named the new chief executive officer of Apple Inc. on August 24, 2011. Six weeks later, on October 5, 2011, Jobs died due to complications from pancreatic cancer. Forbes contributor Robin Ferracone wrote in September 2011: "Jobs and Cook proceeded to forge a strong partnership, and rescued the company from its death spiral, which took it from $11 billion in revenue in 1995 down to less than $6 billion in 1998 ... Under their leadership, the company went from its nadir to a remarkable $100 billion today". In April 2012, Time included Cook on its annual "100 Most Influential People in the World" list.