{
  "id": 4819555,
  "title": "Tim Cook Steps Down As Apple CEO After 15 Years, Know- How Rich Is The Man Who Built A USD 4 Trillion Giant?",
  "url": "https://urgent.news/2026/09/01/tim-cook-steps-down-as-apple-ceo-after-15-years-know-how-rich-is-the",
  "topic": "world",
  "section": "World",
  "published": "2026-09-01T07:41:54.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/tim-cook-steps-down-as-apple-ceo-after-15-years-how-rich-is-the-man-who-built-a-usd-4-trillion-giant"
  },
  "original_language": "en",
  "account": "Tim Cook resigned as Apple's CEO after a remarkable 15-year tenure, signaling an end to an era during which the tech giant's revenue and profit more than doubled under his leadership. Appointed CEO shortly before co-founder Steve Jobs' passing in 2011, Cook transitioned into the role of executive chairman on September 1, 2026, with John Ternus, previously Apple's senior vice-president of Hardware Engineering, taking over as CEO.\n\nBefore joining Apple in 1998 at the behest of Jobs, Cook had a background as an operations expert. At Apple, which was struggling financially at the time, Cook made significant improvements to the company's operations, supply chain, and manufacturing systems. His focus on reducing inventory, outsourcing production, and controlling costs helped Apple regain financial stability. Under Cook's guidance, Apple expanded beyond its initial struggles, introducing successful products like the Apple Watch and AirPods, and bolstering its services business and global market presence.\n\nDuring the first decade of Cook's leadership, the company's revenue and profit more than doubled. Apple achieved a historic milestone in 2018 by becoming the first publicly traded company to reach a market capitalization of USD 1 trillion. By 2026, Apple was reportedly the world's third-largest company, with a valuation of around USD 4.01 trillion. Despite leading one of the most valuable companies in the world, Cook's personal wealth remains modest. Forbes estimated his net worth at approximately USD 2.9 billion in spring 2026, while Celebrity Net Worth reported it at around USD 2.2 billion. Cook's wealth is significantly less than that of tech titans like Elon Musk, Jeff Bezos, and Bernard Arnault, who own substantial founder-level stakes in their respective companies.\n\nCook's wealth is notably lower than that of ultra-wealthy business leaders, as he did not found Apple and therefore does not own a significant share. Unlike many high-net-worth executives, Cook has been generous with his fortune, making extensive charitable donations and expressing his intention to give away most of his wealth. His move to the executive chairman position allows him to remain involved in Apple's strategic direction while handing over daily leadership responsibilities to Ternus.",
  "summary": "Tim Cook has stepped down as Apple’s chief executive after nearly 15 years at the helm, ending an era in which the technology giant’s revenue and profit more than doubled. Cook, who became CEO shortly before co-founder Steve Jobs died in 2011, moved into the role of executive chairman of Apple’s board on September 1, 2026. John Ternus, previously Apple’s senior vice-president of Hardware…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}