Apple is currently the world largest company in the world that owns its reputation for the hard work they do. It is also one of the few companies to become a $1 trillion market capitalization, But the question remains: Who Owns Apple Now, Let’s take a look at this.
When the iPhone came out in 2007, Steve Jobs, changed the world of smartphones. With all of their unique features, iPhones now rule the world. He began by introducing the stylus, and because it is hard to manage, he announced multitouch. Steve Jobs is the reason why the iPhone has been in the spotlight for the past 15 years. Jobs died on October 5, 2011, leaving a void in the world of technology.
Since then, Tim Cook, Apple’s former COO, has taken over as the company’s second CEO. Tim Cook owns a significant portion of Apple as an individual shareholder, but have you ever wondered who owns Apple? Let’s find out together.
Who Owns Apple?
Apple Inc. is currently owned by individuals and other institutional shareholders, and there’s no single or sole owner of the company right now. People who are members of the American Association of Professional Landmen are the company’s shareholders. A few institutional shareholders are also a big part of Apple’s investment.
The Vanguard Group and BlackRock Inc are Apple’s two largest institutional shareholders.
Now, let’s look at Apple’s Individual and Institutional Shareholders:
List of Apple’s Individual Shareholders:
TIM COOK (CEO) of Apple
Since Steve Jobs’s death in August 2011, Tim Cook has served as Apple’s chief executive officer. Tim Cook was the Chief Operating Officer of Apple before becoming CEO. In addition, he worked for IBM for 12 years. The CEO of Apple personally owns 8,377,374 shares or 0.02% of the company.
Since 2011, Levinson has held the position of board chair. After starting with Apple in the year 2000, Arthur has been a co-lead director since 2005. He was a member of the Audit, Finance, Nominating, and Compensation Committees of the Board of Directors. A total of 4,592,140 shares of Apple stock are held by Arthur Levinson.
Jeff Williams is in charge of running the business (COO). Williams is in charge of Apple’s design team. He reports to Tim Cook about all of Apple’s operations around the world, as well as customer service and support. Jeff Williams has a 41% stake in Apple, which is worth $41 million.
Albert Arnold Gore Jr., also known as Al Gore, is a well-respected and knowledgeable figure in the business world. He served as the 45th Vice President of the United States and has been a member of the board of directors at Apple since 2003. Currently, Gore owns 113,585 shares of Apple stock, which are valued at $35.2 million.
Meanwhile, you can also check out our article on How to share contacts on iPhone quickly.
Institutional Shareholders of Apple
The Vanguard Group
The Vanguard Group is the world’s largest investment firm in the world which manages roughly $7 trillion in global assets. Vanguard Group roughly owns $1.3 billion in Apple stock. In total, they own 1,196,152,755 shares, or 7.33% of the company.
BlackRock Fund Advisor
BlackRock is also an investment firm that manages around $3.91 trillion in assets worldwide. With approximately $181 billion investment in Apple stock, it currently owns 1,019,810,291 shares which sum up to 4.6% of the total share of Apple Inc.
Berkshire Hathaway, Inc
Buffett Berkshire Hathaway acquired approximately 887 million shares of Apple accounting for 5.4%. Warren Buffet the CEO of Berkshire Hathaway had a record-breaking $152 billion in Apple in December 2021.
This concludes our coverage of Apple’s ownership structure (or “Who Owns Apple?”).