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

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

After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs

AgenciesUpdated: Monday, May 30, 2022, 10:36 AM IST
article-image
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% from 2020 /Elon Musk | AP

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.

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)

RECENT STORIES

Titan Sees 20% Revenue Growth In April-June Despite Softening Of Purchase In Jewellery Division

Titan Sees 20% Revenue Growth In April-June Despite Softening Of Purchase In Jewellery Division

Anthem Biosciences To Launch ₹3,395 Crore IPO On July 14, Offer-For-Sale To Close On July 16

Anthem Biosciences To Launch ₹3,395 Crore IPO On July 14, Offer-For-Sale To Close On July 16

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session

Canva Faces Temporary Outage In India; Users Report Of Issues With Saving and Editing Designs

Canva Faces Temporary Outage In India; Users Report Of Issues With Saving and Editing Designs