In keeping with the Fortune 500, Elon Musk, the world’s richest man, was the highest-paid chief govt officer in 2021. After exercising the Tesla inventory choices issued in a multiyear “moonshot” large in 2018, Musk obtained a wage of practically $23.5 billion (round Rs 1,82,576 crore). In keeping with Fortune 500, that was the best wage ever paid to a CEO.
Musk was the Highest Paid CEO
Musk, who runs Tesla and SpaceX and will quickly purchase Twitter, is on the prime of Fortune’s checklist of extremely compensated CEOs. Others, although, are additionally within the tech and biotech industries. Tim Cook dinner, the chief govt officer of Apple, Satya Nadella, the CEO of Microsoft, and Reed Hastings, the CEO of Netflix, are amongst these leaders.
In keeping with Fortune, Cook dinner was paid $770.5 million in 2021 alone, which was a portion of a $1.7 billion 10-year inventory grant. He was ranked quantity two on the checklist. Apple’s market value elevated by $2.2 trillion throughout his tenure. Due to this fact his remuneration is justified in particular methods. Within the Fortune 500, Apple is ranked third.
In 2021, Nvidia’s Jensen Huang received $561 million in pay, whereas Cook dinner cornered the second. Huang “realized round $507 million from expiring selections awarded in 2011 and 2012, representing the roughly 60x enhance within the firm’s share value over the last decade,” in line with a spokeswoman for Fortune 500.
Netflix’s Reed Hastings is ranked fourth, having just lately introduced many new initiatives to spice up earnings for the corporate, which has been beset by difficulties corresponding to account sharing and inferior content material in comparison with its rivals. In keeping with the Fortune 500, Hastings made $453.5 million final yr. A Netflix spokeswoman, then again, refuted the report. “His pay in 2021 was $40.8 million, together with $650,000 in money and $39.7 million in inventory choices,” the spokeswoman was quoted as including.
Final yr, Microsoft’s Satya Nadella ranked seventh, with $309.4 million in wage. In 2021, he was additionally named “probably the most underestimated” CEO, a designation he has held for the previous six years. Since 2017, Nadella has been the CEO of Microsoft.
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