Apple Boss Tim Cook Sells 131.7 Million Dollars in Shares

Apple Boss Tim Cook Sells 131.7 Million Dollars in Shares

Tim Cook, Apple’s CEO, has sold more than 265,000 shares in the company. That gave him a net amount of 131.7 million dollars.

 

Earlier this month, Cook received a bonus of 560,000 shares from Apple.

Slightly less than half of those shares, whose values fluctuate between $ 493.50 and $ 500.11, the Apple boss has now cashed in.

The remaining shares, 294,840 units, were withheld by Apple for taxes, MacRumors website reports.

Tim Cook can call himself a billionaire for the first time since receiving the bonus.

Under Cook’s leadership, the tech giant grew to an astronomical value of $ 2 trillion, making Apple by far the most valued company in the world today.

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