Tim Cook is stepping down as the CEO of Apple and taking on the role of Executive Chairman at the tech giant. Apple revealed that John Trenus, currently the company’s senior vice president of Hardware Engineering, will succeed the billionaire.
Cook, who has led Apple for nearly 15 years, leaves behind a legacy defined by extraordinary growth. Under his leadership, Apple’s market valuation surged from $350 billion to an unprecedented $4 trillion, a tenfold increase that cemented its position as one of the world’s most valuable companies.
With a net worth of $2.9 billion, as per Forbes, Tim Cook has also led a disciplined yet lavish lifestyle. Owning nearly $800 million in Apple shares, the tech billionaire also has an expansive real estate empire.
A billionaire with disciplined life, understated luxury
Cook’s primary residence in Palo Alto is a modest yet opulent 2,400-square-foot house, according to a Business Insider report. Citing public records, Fortune reported that he purchased the property for $1.9 million in 2010
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While other details remain largely private, Cook is also reported to own a luxurious desert mansion in La Quinta. Business Insider says that he purchased the property for $10 million. The five-bedroom, six-bathroom home, which features a custom billiards table, an opulent infinity pool, and a swim-up bar, was previously neighbours to the homes of Kourtney Kardashian, Cindy Crawford, Kris Jenner, and Phil Knight.
How Tim Cook begins his day
Set to control the CEO reins till September 2026, Tim Cook, despite being a billionaire, is also part of the 4 AM club. His first step of the day is reportedly checking emails, sales data, and even global reports.
His workout hour remains fixed between 6 and 7 AM, which is usually followed by a high-protein breakfast with egg whites, cereal with almond milk, and bacon, as per Business Insider.
A modest luxury garage
However, apart from a minimal residential home, his car collection is also said to be ‘famously modest’. Worth nearly $3 billion, he owns a BMW 5-series sedan, which was once his regular Silicon Valley commute car. One of his early splurges, however, includes a Porsche Boxster.
Investments and stock holdings
One of Tim Cook’s less commonly known investments includes his time-share with Nike. Since 2005, he has served on the board of the sportswear giant, now acting as its lead independent director.
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The report also revealed that he bet significant capital behind Nike’s 25,000 shares at $42 apiece, amounting to an investment of $1.06 million.
Tim Cook’s journey at Apple
Joined in 1998, Tim Cook became CEO in 2011. He facilitated the launch of landmark products like Apple Watch, AirPods, and Apple Vision Pro. Yearly revenue nearly quadrupled since he took over, reported Apple.
Taking it from $108 billion in 2011 to $416 billion in 2025, Cook has grown the tech giant to over 200 countries with 2.5 billion devices across the world.
