Tim Cook has announced that he will step down from the position of Apple CEO. Tim Cook will be the new executive chairman of Apple’s board of directors. It’s John Ternus who will replace Tim Cook and will become the new Apple CEO.
For the unversed, John Ternus was the VP of the hardware division, and with him taking the position of CEO, people have now been wanting to know more about him. Tim Cook took to his social media handle and shared that John Ternus will be taking his place as Apple CEO, while praising him for his contribution during the 25 years of his career. As John Ternus continues to make headlines, let’s have a look at the duo’s net worth and salaries, respectively.
Who is richer, Tim Cook or John Ternus?
Tim Cook started his career as a VP of worldwide operations and was earning USD 50K per year. His salary eventually increased and reached USD 90K. In 2011, he became Apple CEO, and for a decade his salary was locked at USD 3 million, excluding the stakes, shareholder, incentive and other pay. He currently has a net worth of USD 2.9 billion. Speaking of John Ternus, his salary as a VP of the hardware division has been USD 1 million, and he currently has a net worth of USD 75 million to USD 100 million, as reported.
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