Apple Inc's chief Tim Cook, this week, will get about five million shares of the iPhone maker worth nearly $750 million, as per a Bloomberg report.
This will mark the 10th and the final tranche of the pay deal he received a decade ago as he succeeded Steve Jobs.
Part of the payout is contingent on Apple’s stock return over the past three years surpassing at least two-thirds of companies in the S&P 500.
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Apple’s soaring stock price has allowed Cook to collect top payouts and made him a billionaire. He currently has a net worth of about $1.5 billion, according to the Bloomberg Billionaires Index.
The Apple CEO had said in 2015 that he plans to give most of his fortune away and has already donated millions of dollars worth of Apple shares.