Tim Cook is a billionaire after Apple stock jumps
Apple CEO Tim Cook became a billionaire this month, after nine years at the helm of the world’s most valuable company.
The 59-year-old executive’s net worth passed the $1 billion mark thanks to a nearly 5 percent jump in Apple’s stock price last week that put its market value near $2 trillion, according to an analysis by Bloomberg’s Billionaires Index.
That puts Cook among an “elite” group of billionaire CEOs who did not start the companies they lead, Bloomberg reported. The club also includes…