Apple CEO Tim Cook is now more than $100 million richer

apple augmented reality tim cook
There are many ways to earn big bucks as a CEO beyond a generous yearly salary. You can secure a big payout in the event that you’re let go early like Marissa Mayer, but another way is to stand strong for a long period, like Tim Cook. The Apple CEO has just hit his five-year milestone and will unlock over $100 million in stock bonuses.

The shares Cook now has access to include 700,000 which were issued based on the length of time he spent at Apple. These join close to five million shares he was given back in 2011 when he took on the CEO role, as per MacRumors.

He could earn even more, too. If Apple’s performance places it in the top three companies in the S&P 500 stock index, he’ll receive as many as another 280,000 shares.

Related: Apple making major augmented reality push, CEO Tim Cook confirms

Large as these sums are, they should be a drop in the bucket for someone involved in the highest reaches of Apple’s executive branch. In fact, Cook has one of the more modest Apple-based fortunes. His net worth is said to be around $650 million, including his stocks and options.

Previous CEO Steve Jobs was worth an estimated $10 billion when he died — though in fact much of that came from outside investments. Still, Cook has pledged to donate most of his stock and fortune to charity over the course of his lifetime. He has in the past donated tens of thousands of Apple shares to charity.

Since taking over the role as CEO of Apple, Cook has overseen the launch of products featuring Retina displays, the Apple Watch, Apple Music, Siri, and a number of other products which have continued Apple’s growth. He’s also managed the annual refresh of the iPhone and though its sales numbers have slipped recently, it is still one of the most popular smartphone brands in the world.

Mobile

Apple’s iPhone battery offer was reportedly way more popular than expected

As many as 11 million iPhone owners reportedly made use of Apple's cheaper battery replacement offer that launched in 2018 in response to the iPhone throttling debacle — some 10 times more than the company had apparently expected.
Deals

Best tax software deals from TurboTax, H&R Block, and more

Do you dread doing your taxes? Luckily for you, there are plenty of tax software options available to guide you through the process. And guess what? Some of them are even on sale today! Check out deals from TurboTax, H&R Block, and…
Computing

Intel vs. AMD: Which chipmaker stole the show at CES 2019?

Intel and AMD have been competing for years, but rarely do they both debut something exciting at the same time. Intel vs. AMD at CES 2019 saw both companies step up to the plate. Who served it better?
Emerging Tech

A citizen of the universe? Dutch startup wants to deliver a baby in space

Netherlands-based startup SpaceLife Origin plans to be the company responsible for delivering the first baby born in space. And it wants to do it by 2024. Because, you know, science.
Mobile

A new Twitter page signals Oppo’s official launch in the U.K.

You may not have heard of them, but Oppo -- parent company of OnePlus -- is on its way to the U.K., While details on the launch are thin on the ground, we expect to hear more about this launch in the near future.
Home Theater

Smart speakers the likely cause of Chromecast Audio’s untimely demise

Goodbye Chromecast Audio, we hardly knew you. Google confirms rumors that it has killed Chromecast Audio, the inexpensive wireless music streamer that let people breathe new life into their old audio systems.
Emerging Tech

SpaceX nails its first launch and landing of 2019, but job cuts loom

SpaceX has nailed its first launch and landing of 2019 with a mission that deployed more satellites for Virginia-based Iridium Communications. But the success was soured somewhat by reports of upcoming job losses at the company.
Business

‘Aquaman’ becomes first DC cinematic universe movie to cross $1 billion

Aquaman fell to second place at the weekend box office, but its worldwide earnings crossed the $1 billion mark, making it the first film in Warner Bros. Pictures' DC Extended Universe to do so.
Emerging Tech

The enormous ‘Flying Bum’ moves toward a commercial design

A prototype of the world's largest aircraft is being retired as the company behind it prepares to build a production model. The new Airlander 10, also known as the "Flying Bum," could be ready for commercial use by 2025.
Music

Tidal faces legal jeopardy over fake stream numbers accusation

In another challenging chapter for music subscription service Tidal, Norwegian authorities have begun a formal investigation into charges that the company faked millions of streams for artists such as Kanye West and Beyoncé.
Business

Cathay Pacific messes up first-class ticket prices — again

A couple of weeks ago, an error on Cathay Pacific's website resulted in first-class seats selling for a tenth of the price. On Sunday, January 13, the airline made the error again. The good news is that it'll honor the bookings.
Emerging Tech

Drones: New rules could soon allow flights over people and at night

With commercial operators in mind, the U.S. government is looking to loosen restrictions on drone flights with a set of proposals that would allow the machines greater freedom to fly over populated areas and also at night.
Cars

Some of Volkswagen’s electric models will wear a ‘Made in the USA’ label

Confirming earlier rumors, Volkswagen has announced it will build electric cars in its Chattanooga, Tennessee, factory. The facility currently produces the Passat and the Atlas. Production will start in 2023, Digital Trends can reveal.