RadioOnFire.com - Apple CEO Tim Cook just added to his incredible $785 million estimated net worth after receiving an $89.7 million bonus. The big pay day is the result of Apple stock taking a large leap this year. After starting around $115 in January, the stock has hit its $160+ peak, symbolizing a 39 percent increase so far in 2017.
In return for Apple's stock doing so well, Cook is receiving well... more Apple stock. His bonus is 560,000 shares of Apple stock which are valued at roughly $160.15 each.
The buzz around Apple has been growing as details leak about the upcoming iPhone 8, which will be the largest one yet and is reported to have a retail price of a whopping $999. Nonetheless, people will continue to ditch their old iPhones for the shiny new product which is scheduled to drop in September.
Source: complex.com
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