The proxy statement filed by Apple suggests that this figure is significantly low when compared with the compensation he received in 2022, standing at a whopping $99.4 million.In 2021, Cook’s annual compensation was $98.7 million. Meanwhile, Cook’s base salary has been $3 million since 2016.
What does Cook’s compensation include
Cook’s 2023 compensation included $46.9 million in stock awards, $10.7 million in performance-based bonuses, and $2.5 million in other benefits like security and private jet travel. In 2023, Cook himself recommended a voluntary pay cut, dropping his compensation by 40%.
Cook’s annual compensation package helps solidify his position among the world’s elite, with a net worth estimated at $2.1 billion. He is not featured in Bloomberg Billionaires Index as that has a threshold of $6 billion.
Pichai may join Cook in billionaires list
Recently, a report said that Alphabet and Google CEO Sundar Pichai may soon achieve a “rare milestone for a non-founder tech executive: a 10-figure fortune.”
The company recently announced its results for the month of the quarter that ended on March 31, hitting a fresh record after beating expectations, boosted by AI-driven growth. That growth, alongside hefty stock awards, has boosted his fortune to nearly $1 billion, according to the Bloomberg Billionaires Index.