Tim Cook has been at the helm of the world’s most valuable company since its legendary founder Steve Jobs died in 2011. How much of Apple’s stock does Cook own and what is it worth?
When he passed, Jobs owned about 38.5 million shares or about 0.24% of Apple. This stake now belongs to his widow, Laurene Powell Jobs, and is worth a little under $6.5 billion as of late Sept. 2023. Originally, Jobs owned a much more significant stake in the company he founded, but he sold most of his shares after he was ousted by the board in 1985 and didn’t begin accumulating shares again until he rejoined the company in 1997.
Under his leadership, profit and revenue more than doubled in under 10 years, and Apple became the first company to surpass $1 trillion in market capitalization.It is unclear exactly when Cook will retire or who will take the reigns as CEO when he does, but speculation abounds.
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