Cook has previously committed to giving most of his wealth away
The head of Apple Tim Cook has collected more than 5m shares in the US tech company after spending a decade in the role.
A filing by the company with the US Securities and Exchange Commission (SEC) shows that Cook cashed in on most of the shares for more than $750m (£550m).
The payout was dependent in part on the tech giant’s share price outperforming at least two thirds of other companies listed on the S&P 500. Apple surpassed the marker by some distance.
Apple’s surging share price has allowed Cook to profit from massive payouts, bringing the CEO’s wealth to around $1.5bn, as reported by the Bloomberg Billionaires Index.
Since Cook became CEO in August 2011, the Apple share price has risen by 1,200%.
The iPhone manufacturer’s total market valuation now stands at a hefty $2.5tn.
Cooks said back in 2015 that he planned to give the majority of his wealth away and has since donated his shares in the company worth millions of dollars.
