What is Eddy Cue's net worth and salary?
Eddy Cue is an American businessman who has a net worth of $200 million. Eddie Cue earned his fortune from a long and lucrative career at Apple.
He is currently the senior vice president of Internet Software and Services at Apple. Cue reports to CEO Tim Cook and oversees content stores including the iTunes Store, Apple Music, the iBooks Store, Apply Pay, Maps, Siri, and more. He joined the company in 1989 and helped create the Apple online store in 1998 and then the iTunes Store in 2003 and the App Store in 2008.
According to company filings, between 2011 and 2016, Eddy earned $178 million in total compensation. His 2017 compensation was not disclosed but it is believed to be $30 million. He also owns unvested stock that increase in value and size as Apple's stock increases in value.
Early Life
Eduardo Humberto Cue was born on October 23, 1964. He graduated from Duke University. He completed his education at Duke University, where he earned a Bachelor of Science degree in Computer Science and Economics.
Apple
Cue's journey at Apple began in 1989 when he joined the company as a software engineer. He quickly made his mark by contributing to the development of Apple's early internet services, including the eWorld platform. However, it was his involvement in the creation of iTunes that would prove to be a game-changer. Cue played a crucial role in launching iTunes in 2001, transforming the way music was consumed by introducing legal and user-friendly digital music downloads. Under his leadership, iTunes expanded to include movies, TV shows, podcasts, and more, becoming a global platform for digital content.
App Store and iCloud
Recognizing the potential of mobile apps, Cue played a key role in the launch of the App Store in 2008. The App Store revolutionized the way we use smartphones by offering a vast selection of third-party apps and transforming the iPhone into a versatile device for communication, entertainment, and productivity. Additionally, Cue was instrumental in the development and launch of iCloud, a cloud-based storage and synchronization service that seamlessly connects Apple devices and enables users to access their data from anywhere.
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Apple Music
With the rise of music streaming services, Eddie Cue spearheaded Apple's foray into the streaming market with the launch of Apple Music in 2015. Leveraging the power of iTunes and the company's vast music catalog, Cue helped create a subscription-based service that combined streaming, personalized recommendations, and exclusive content. Apple Music quickly gained millions of subscribers and emerged as a strong competitor in the streaming industry.
Strategic Partnerships
Under Cue's guidance, Apple has formed strategic partnerships with major players in the entertainment industry. He played a key role in securing exclusive deals with record labels, movie studios, and content creators, expanding Apple's digital content offerings and ensuring a rich and diverse library for users. These partnerships have helped cement Apple's position as a leading provider of premium digital content.
Personal Life and Real Estate
Eddie and his wife Paula met when they were both undergrads at Duke University.
Eddie and Paula's primary residence is a 10,000 square foot mansion in Los Altos, California.
In 2010 they paid $1.2 million for a plot of land in Lake Tahoe in a private development called Martis Camp. They proceeded to construct an 8,000 square foot mansion set on 1.7 acres. They listed this home for sale in May 2018 for $12 million. They ultimately accepted $10.75 million in August 2021.
