Apple Inc’s (NASDAQ:AAPL) chief executive Tim Cook has become a billionaire as his stake in the tech giant continues to grow in value.
The iPhone maker shot up after a strong set of results and bullish outlook for the sector, getting closer to the dizzy heights of US$2 trillion of market capitalisation.
It was the first company to be valued at US$1 trillion in 2018.
Cook, who stepped in to replace founder Steve Jobs in 2011, owns 847,969 shares directly and was paid over US$125mln last year. He joined in 1998 after a brief stint at Compaq and 12 years at IBM.
In 2015 he told Fortune magazine he plans to donate US$800mln fortune to charity before he dies.
Last December he donated US$2mln worth of Apple shares to an undisclosed charity.
The stock was trading 1% higher at US$453.54 in premarket trading.