Tim Cook, Apple Chief Executive Officer, has become a billionaire after the iPhone maker broke all previous records to become the world’s most valued company at over $1.84 trillion.
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According to Bloomberg Billionaires Index, Cook’s net worth has eclipsed $1 billion mark, officially making him a billionaire.
“Cook owns 847,969 shares directly and took home more than $125 million last year as part of his pay package,” the BBC reports.
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The milestone comes nine years after Cook took over from Steve Jobs, who died in October 2011.
Last week, the US company surpassed Saudi Arabia’s state-owned oil company, Saudi Aramco, to become world’s most valuable company.
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The massive earnings helped Apple shares closed up 10.47 percent to become the world’s most valuable publicly-traded company, surpassing the largest oil producer in the world.
Apple is now closing in on the milestone of being the first company to be valued at $2 trillion.
In 2018, Apple was also the first US company to cross the $1 trillion mark.
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However, Cook still has a long way to go to catch up with other CEOs on the Bloomberg Billionaires’ list, like Amazon founder, Jeff Bezos, who is worth $187 billion; former Microsoft CEO, Bill Gates, whose current worth is valued at $121 billion, and Facebook CEO, Mark Zuckerberg, who is now worth $102 billion.