Apple’s new CEO
Apple CEO Tim Cook is leaving his post. The company has replaced him as the new CEO, John Ternes, who will take over the responsibility from September 1, 2026. After nearly 15 years of leading Apple to a valuation of $4 trillion, Cook will resign and will be replaced by Turnus, the engineer behind iPhone, iPad and Mac hardware. Let us know who is John Ternes and what is his net worth?
John Ternes is the head of Apple’s hardware engineering unit. 50 year old Ternus will become the CEO of the company on September 1, 2026. 65-year-old Tim Cook will now take on the new role of executive chairman, ending one of the most talked-about leadership periods in American business history.
Who is John Ternes?
Turnus’s name does not appear as much in the headlines as Steve Jobs or Tim Cook, but his identity within Apple has been very strong. He studied Mechanical Engineering from the University of Pennsylvania in 1997. After this, he worked in Virtual Research Systems for about 4 years and joined Apple in 2001 when the company was in its major transformation phase. He will be Apple’s 8th CEO and only the third since Steve Jobs saved the company from bankruptcy in 1997.
What is the net worth of John Ternes?
John Ternes has spent his entire career at one of the most valuable companies in the world, and his financial position reflects that. According to Celebrity Net Worth, his net worth is estimated to be around $75 million or more than Rs 600 crore. He has earned this amount from salary, bonus and stock compensation during his 20+ year career in Apple. Now this figure can increase rapidly. After becoming CEO, he will get a pay structure like Tim Cook. According to regulatory filings, Cook earned about $74.6 million last year, including $3 million in base salary and the bulk in stock awards.
Tim Cook’s Net Worth and Salary
According to Forbes, Tim Cook’s net worth is believed to be around $2.53 billion. Most of his wealth is made up of Apple shares, which he built in about 28 years. According to The Street, Cook’s base salary is about $3 million a year, but including bonuses and stock, his total earnings become much higher. In 2024 he earned around $74.6 million, while in 2022 it was around $99 million.
Also read- Tim Cook will leave the post of CEO of Apple, will resign in September after 15 years, now John Ternes gets the command of the company.
