John Ternus has been announced as the new Apple CEO and will take over from Tim Cook who has helmed the Steve Jobs-founded company since 2011.

Apple CEO Tim Cook now earns so much money, so quickly, that the average American's yearly paycheck is roughly a morning's work for him, and a typical house costs him about a long weekend. His ...

Tim Cook, Apple's CEO, is set to step down in September with a net worth of $2.9 billion, largely due to stock-based compensation. His leadership saw Apple's market value soar to $4 trillion.