President Donald Trump had an awkward moment on Wednesday when he forgot a name and referred to Apple CEO Tim Cook as “Tim Apple.”
Cook was seated to Trump’s right at a roundtable meeting with business leaders that was co-chaired by Labor Secretary Wilbur Ross and one of the president’s daughters, Ivanka Trump, who is also a White House adviser. Trump referred to her as “honey” during the meeting.
Tim Apple played himself when he decided to go to a meeting with Donald Emotionally And Morally Bankrupt & Ivanka Macy Put All My Clothes on Clearance.
The bulk of that is from his total stock options and shares in Apple, which total nearly $622 million. Cook is also on the Nike board of directors, where he has $3.4 million in stock options.
Cook's actual net worth is certainly even higher than that — but information on his property, investment portfolio, and cash on hand isn't publicly available.
Even though Apple is the highest-value company on the planet, there's only one known Apple-related billionaire: Laurene Powell Jobs, who is Apple cofounder Steve Jobs' widow.
In 2017, Cook's salary as CEO was $3 million. That's up from his first year as CEO in 2011, when his salary was $900,000.
Sources: Apple regulatory filings from 2018 and 2012
Cook, who came out as gay in 2014, is not married and has no children. He leads a private, solitary life, but here's what we know about how he spends his fortune...
"I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that," Cook said. "Money is not a motivator for me."
As of 2012, Cook lives in a $1.9 million Palo Alto home that's 2,400 square feet. That's relatively modest for the ritzy Bay Area city, which now has a median home value of $3.3 million.
And Cook plans to give away all of his money to charity when he dies. He has no children of his own, and wants to create a better world for his nephew. "You want to be the pebble in the pond that creates the ripple for change," he told Fortune in 2015.
