Tim Cook hits billionaire status as Apple’s market value nears $2 trn

Few on Wall Street thought Tim Cook could ever match Steve Jobs.

Well.

Nine years after Jobs stepped down and thrust Cook to the top of Apple Inc., the company is more valuable than ever — and so is Cook.

Apple’s share price rose almost 5% last week, leaving the company Jobs co-founded 44 years ago in his parents’ California home on the cusp of stock-market milestone: a market value of nearly $2 trillion.

It was valued at about $350 billion when Jobs died. Cook, meantime, has joined one of the most elite clubs for CEOs who didn’t actually found the companies they run: his net worth has eclipsed $1 billion, according to calculations by the Bloomberg Billionaires Index.