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Apple chief govt Tim Cook has moved into the billionaire club as the tech agency’s share worth continues to soar.

Apple’s market worth has been on the rise following robust outcomes and the upbeat outlook for tech giants.

Mr Cook owns 847,969 shares straight and took residence greater than $125m (£96m) final yr as a part of his pay package deal.

Last week, Facebook founder Mark Zuckerberg noticed his private wealth hit $100bn (£76bn).

Technology corporations together with Apple, Facebook and Amazon have seen their earnings develop throughout the coronavirus pandemic as extra folks went on-line.

Silicon-Valley primarily based Apple is now closing in on the milestone of being the first firm to be valued at $2tn. Two years in the past it turn out to be the first firm to be valued at $1tn.

Mr Cook took over from Apple founder Steve Jobs 9 years in the past. His billionaire standing relies on the shares he owns and the compensation he has been paid at Apple, and calculated by the Bloomberg Billionaires Index.

In 2015, he stated he deliberate to offer most of his fortune away and has already donated million of {dollars} value of Apple shares.

Facebook’s Zuckerberg has made an identical pledge to offer away the majority of his shares.

Mr Zuckerberg, together with Amazon’s Jeff Bezos and Tesla’s Elon Musk, accrued their wealth from the large stakes in the corporations they based.

In comparability, Mr Cook’s stake in Apple is miniscule at about 0.02%.

Based on US federal and state taxes for California, Mr Cook would face a tax price of simply over 50%, as a top-bracket earner.

Watches and music

While Apple has not revealed any new merchandise as groundbreaking as its iPhone, the firm has nonetheless thrived since Mr Cook took over the reins.

He has overseen the growth of gadgets comparable to the iPhone X and Apple Watch, together with new providers like Apple Music.

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