Apple CEO Tim Cook is now (probably) a billionaire

Tim Cook, the man who convinced you to spend half your salary on a new iPhone, is now a billionaire.

This is according to Bloomberg, which calculated that Cook's money stash has passed the magic $1 billion number as Apple stock hit the market value of nearly $2 trillion.

The number is far from exact and should be taken with a grain of salt. Bloomberg made the calculation based on regulatory filings and "applying the market performance of a typical wealthy investor" to Cook's proceeds from selling Apple stock. This means that Cook's net worth might be slightly over or under a billion dollars depending on charity contributions and other factors, but such estimates are never 100 percent correct, so we'll take it for what it is. Read more...

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