An image pickup apparatus equipped with a plurality of image pickup units for photographing different objects, which is capable sufficiently improving security and privacy protection of a photographer. The image pickup apparatus includes an out-camera and an in-camera. A CPU causes at least one of an object image photographed by the out-camera and a photographer image photographed by the in-camera to be displayed on a display section. Further, the CPU causes both the object image and the photographer image to be recorded in a recording medium in response to a photographing instruction from a user. The CPU notifies the user that a photographer image is photographed by the in-camera when although the object image is displayed on the display section, the photographer image is not displayed on the same.