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Apple boss Tim Cook is about to enjoy a $120 million payday

You might be feeling pretty excited about payday’s approach.

But your salary is roughly 3,400 times smaller than the whopping wodge Apple boss Tim Cook is about to recieve.

He’s expected to be handed some 560,000 shares worth about $120 million starting from today.

For comparison’s sake, the average British wage is just over $34,985 (£27,271).

Tim Cook plans to give a lot of his fortune away to charity (Photo: Brian Powers/The Des Moines Register/ AP)

Cook will be given half the stock today and the rest in the coming years if Apple continues to outperform two-thirds of companies on the Standard & Poor’s 500, an American stock market index.

In 2015, Tim vowed to give his fortune to charity and on Tuesday of this week he fulfilled his promise by giving shares worth about $5milloin charity.

The tech mogul also gets a  $3 million salary and earned a $9.33 million bonus in 2017

He became Apple boss in 2011 after the death of Steve Jobs and steered the firm towards becoming the world’s first trillion dollar company.

In a memo released to mark the trillion dollar landmark, Cook wrote: ‘Steve founded Apple on the belief that the power of human creativity can solve even the biggest challenges and that the people who are crazy enough to think they can change the world are the ones who do.

‘Just as Steve always did in moments like this, we should all look forward to Apple’€s bright future and the great work we’ll do together.’

Tim Cook is estimated to be worth $700 million.


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