Apple Boss Tim Cook Sells 131.7 Million Dollars in Shares

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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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