Apple’s CEO, Tim Cook, Earned $74.6 Million In 2024

Apple is one of the biggest tech giants, with a recent market value of reportedly $3.6 trillion. As the company deals in some of your favorite tech products, it’s no wonder you might be curious to know how much the company’s CEO, Tim Cook, earned in 2024. We finally have the answer to that question, all thanks to Apple’s recent filing with the U.S. Securities and Exchange Commission (SEC).

Per the filed proxy statement, Tim Cook earned a total of $74.6 million last year. Do note that this is a big jump of about $10 million, from the $63.2 million Cook earned in 2023. Here’s the breakup of Cook’s $74.6 million earnings from 2024.

The total earnings include his base salary of $3 million, which has been intact since 2016. However, the major part of his earnings comes from stock awards. Tim Cook’s earning from stock awards stands at $58 million, of which 75% was performance-based vesting and 25% was time-based vesting.

Cook earned a total performance bonus of $12 million in the last year. Finally, the remaining $1.5 million covered other benefits, including 401(k) contributions, insurance premiums, and more.

Apple’s SEC filing also talks about why the Board requires Cook to use a private jet. It reads, “In the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook’s role as CEO, the Board also requires that Mr. Cook use private aircraft for all business and personal travel.”

The salary structure of the CEO will remain the same in 2025

While Apple has set a salary cap of $59 million for Tim Cook, he reportedly earned more through cash incentives. It is a variable earning that depends on how well the company is performing in the market. Apple, in its proxy filing, also suggests that Cook’s salary structure will remain the same in 2025 as well.