Tim Cook’s Net Worth, Biography, Age, Education, Career, And More

Tim Cook is a popular Nigerian entrepreneur who is the current CEO of one of the most popular tech companies in the world, Apple. 

 

In this article, I will let you know all the necessary information about Tim Cook including his net worth, biography, early life, education, career, and more information about him. 

 

Wiki

 

Full Name: Timothy Donald Cook

Net Worth: $1.5 Billion

Date Of Birth: Nov 1, 1960

Age: 63 years old

Birthplace: Mobile, Alabama, United States 

Height: 6 ft 2 in (1.9 m)

Profession: Businessperson

Nationality: United States of America

 

Biography 

 

Tim Cook is a popular American entrepreneur, who was born on the 1st of November 1960 his full name is Timothy Donald Cook.

 

According to the available information, he was born in Mobile, Alabama. At the moment of writing this article, Tim Cook is the CEO of Apple Inc. 

 

Tim Cook’s father’s name is Donald and he was a shipyard worker. Likewise, his mother’s name is Geraldine who worked at a pharmacy.

Tim Cook was raised in Robertsdale. 

 

Education 

 

Tim Cook attended Robertsdale High School before he proceeded to earn a degree in Industrial Engineering from Auburn University in 1982.

 

In 1988, he was able to earn his Master of Business Administration from the Fuqua School of Business at Duke University.

 

Timothy Donald Cook graduated in the top 10% of his class and was awarded the title of Fuqua Scholar.

Career

Immediately after he graduated from college, Timothy Donald Cook worked with IBM, where he was promoted to become the computer corporation’s North American Fulfillment Director, managing manufacturing and distribution functions for IBM’s Personal Computer Company in both North America and Latin America. 

 

After his 12-year service at IBM, he became a chief operating officer (Reseller Division) at Intelligent Electronics. Tim Cook went on to hold the position of Vice President of Corporate Materials for Compaq, purchasing and managing product inventory for 6 months. 

Career in Apple Inc

 

In 1998, Tim Cook joined Apple and he was Apple’s Senior Vice President for worldwide operations, where he is responsible for managing all sales and operations worldwide, like sales activities and service and support.

 

He started working with the popular technology company even before they introduced several products like the iMac, iPod, iPhone, and iPad.

 

To start turning a profit, Tim Cook closed Apple factories and replaced them with contract manufacturers, and he was able to invest in long-term deals, like an advance investment in flash memory. His decision was able to generate massive profits, a shift from a recent net loss of $1 billion from their previous fiscal year, and he has been credited with keeping Apple’s costs under control.

 

Tim Cook was in charge of Apple’s Macintosh division and developing reseller/supplier relationship strategies. He was promoted to lead operations in January 2007 and he became chief executive in 2009. 

 

When Apple founder Steve Jobs was absent because of his health issues.

 

In January 2011, Jobs requested more leave of absence, and during this time, Tim was running operations at Apple Inc. 

 

In August 2011, Steve Jobs finally resigned as the CEO of the company and Tim Cook took over immediately. 

 

Unfortunately, Apple founder, Steve Jobs passed away just two months later, in October 2011, after a battle with cancer. 

 

Tim Cook and his team were able to rescue the company from a downward spiral and took it from less than $6 billion in revenue in 1998 to over $100 billion.

 

In April 2012, Cook was named on “Time” magazine’s list of the “100 Most Influential People in the World.”

Net Worth

Tim Cook is one of the most successful American businessmen, he is the chief executive officer of Apple Inc. Tim Cook started working with the popular technology company in 1998 and he was promoted to the position of CEO in 2011 after the passing of the founder Steve Jobs in the same year. 

 

At the moment of writing this article, Tim Cook’s net worth is estimated to be $1.5 billion. 

 

When Steve Jobs was the CEO, Apple’s peak market cap was just 

 $350 billion but after the appointment of Tim as the CEO in 2011, he has outperformed Steve Jobs. Currently, Apple’s market cap is above $2.4 trillion.

 

Apple is not just the most successful technology company in the world but also one of the most successful companies in history. At the moment, Apple Inc. has introduced several life-changing products like the iPhone, MacBook, iPad, Airpod, and other incredible and mind-blowing products. 

Be the first to comment

Leave a Reply

Your email address will not be published.


*