Apple chief Tim Cook has been paid an annual salary of just $3 million since 2016.

However, the CEO of the second-most valuable US company also gets stock awards and a performance-based bonus, which boosts his overall earnings.

Cook's total compensation amounted to $63.2 million last year, down from $99.4 million in 2022.

His pay packet was made up of $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation. On top of that, he received $2.5 million in other compensation, which includes his security expenses and business and personal travel on a private jet.

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