Elon Musk highest-paid CEO, followed by Tim Cook: Report

Tesla and spaceX CEO Elon Musk has topped the list of the most highly compensated CEOs on the Fortune 500 in 2021.

After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple (Tim Cook), Netflix (Reed Hastings), and Microsoft (Satya Nadella).

In 2021, Musk "realised" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear "moonshot" grant.

That was -- by far -- the biggest CEO payday in 2021, according to Fortune.

FPJ Shorts

IND vs SA 2nd Test Highlights: Aiden Markram Catching Record, Simon Harmer Magic, South Africa Crush India in Guwahati

Shivshahi Bus Collides With Truck Carrying CNG Cylinders On Mumbai–Goa Highway, 7 Injured; Traffic Halted On Both Sides

Luxury Housing Demand In India’s Top Seven Cities Outpaces Other Segments, With Average Prices For Homes Priced Above ₹1.5 Crore, Rising 40% To ₹20,300 Per Sq. Ft.

Perplexity Launches New Shopping Tool To Rival ChatGPT Shopping Research: Here's How They Compare

Tesla ranked 65 on this year's Fortune 500. The company had a blockbuster in 2021, bringing in $53.8 billion in revenue, up 71 per cent from 2020.

Meanwhile, the Apple CEO earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. The tech giant ranks 3 on the Fortune 500.

The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house, the report said.

Hang, the co-founder of NVIDIA, and Reed Hastings of Netflix bagged third and fourth spots, respectively.

(With IANS inputs)