Tim Cook raised his salary by 18% in 2024: find out how much the Apple CEO earns

Tim Cook raised his salary by 18% in 2024: find out how much the Apple CEO earns

He salary of Tim Cook, CEO of Applerises this year despite the decrease in company profits. Specifically, it reached 74.61 million dollars (73.18 million euros) during fiscal year 2024, 18% more than in 2023. In other words, it will earn 13.4 million dollars more than last year (about 12.6 million euros). However, the figure is 25% lower than what it earned in 2022, according to reports presented to the United States Securities and Exchange Commission (SEC), reports EP.

The breakdown of his remuneration includes 3 million dollars (2.94 million euros) as base salary58.09 million dollars (56.98 million euros) in shares, 12 million dollars (11.77 million euros) for compensation and incentivesand 1.52 million dollars (1.49 million euros) for security expenses and private use of the company’s planes, among other benefits.

In 2023 Cook received 63.61 million dollars (62.39 million euros); while, in 2022, his salary amounted to 99.42 million dollars (97.51 million euros), 25% more than in 2024.

He company CEO salaryin addition to having grown compared to the previous year, multiplies the median compensation of Apple employees by 650. That is, it is 650 more than 114,378 dollars (or 112,185 euros).

A year marked by EU fines and a decline in profits

Cook’s salary increase comes in a year marked by the fight between the big tech and the EUand, furthermore, a drop in profits. The technology company obtained a profit in 2024 of 93,736 million dollars (about 86,123 million euros), 3.36% less compared to the previous one, due to the large tax payment made by the company in Europe.

The iPhone manufacturer billing was 391,035 million, 2% more in year-on-year terms. However, profits were weighed down by the multinational’s payment of €13 billion in unpaid taxes to Ireland after the Court of Justice of the European Union (CJEU) confirmed in September that the country granted illegal tax aid to the company for more than two decades.