Tim Cook, CEO of technology giant
Apple Inc., earned a total of $98.7 million in fiscal year 2021. Cook's earnings in 2020 were approximately $14.8 million.
According to the official report submitted by
Apple,
Apple CEO Tim Cook received an annual salary of $3 million in 2021. This fee was the same in 2019 as it was in 2020. Tim Cook's total annual income, which had an increase of approximately 1.6 million dollars in all compensation this year compared to 2020, was 98,734,394 dollars.
Stock awards have made up the bulk of Tim Cook's income this year. According to the document, Tim Cook received a
stock award worth 82,347,835 dollars. Tim Cook's annual revenue, excluding the
stock award, was $16.3 million. Cook earned $14.7 million in 2020 and $11.5 million in 2019.
According to calculations, considering the average annual salary of
Apple employees is $68,000, Cook earned more than 1,400 times more compared to an
Apple employee in 2021.
Apple's revenue rose more than 33 percent to $365 billion in 2021.
The market value of the company reached 3 trillion dollars on January 3, 2022. Thus,
Apple received the title of "the first company to exceed a valuation of 3 trillion dollars on the
stock market."