Apple has announced John Ternus as the new CEO, taking over from Tim Cook who has led the company since 2011.
Cook expressed his gratitude and love for Apple, thanking the team for their dedication to enriching customer lives and creating innovative products.
Ternus, who served as Apple's hardware chief, will set the direction for the company in an age of AI-driven change.
Here's a comparison of John Ternus' net worth and salary to Tim Cook's earnings from Apple.
Ternus' net worth is estimated to be in millions, with an annual base salary likely around $1 million as Senior Vice President of Hardware Engineering.
However, his total compensation package is estimated to be north of $20 million per year, putting his net worth in the millions.
Tim Cook's net worth is estimated to be around $2.5 billion, with a base salary of $3 million a year.
His total compensation package is significantly higher, with $74.6 million in 2024 and nearly $99 million in 2022.
