Elon Musk, the owner of companies like Tesla and SpaceX is not only the richest man in the world but has become world’s highest paid CEO too. Elon Musk is the richest CEO in the world. He is getting the highest salary among the world’s Fortune 500 companies. As per a report, Elon Musk gets more salary than the CEO of any company in the world. In the year 2022, Elon Musk got a stupendous salary of $23.5 billion.
Richest CEO in the world
The world’s highest paid CEO is Elon Musk, who is as famous as the companies he leads. He is currently the CEO of Tesla, and SpaceX. His compensation is about $23.5 billion. Putting that into perspective, it roughly translates to earning around $170,000 per minute if he worked a regular 40-hour work week. Rather than earning a salary, Musk earns stock options when the company reaches certain growth milestones.
What makes Musk the world’s highest paid CEO
Richest CEO in the world, Elon Musk, ranked as both Forbes and the Bloomberg Billionaires Index. According to Musk the secret to his wealth is simple: “I own 20% of a company that became very valuable.”
Musk, whose wealth is pegged at around $247 billion by Bloomberg, hasn’t always been at the top of the heap. In early 2020, his wealth was just one-tenth of where it stands today, with his then-fortune of $25.6 billion placing him below the likes of Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg.
Musk’s remarkable jump in wealth is linked to his ownership stake in electric car maker Tesla, and to a lesser extent his holdings in ventures including Space X and Boring Company. Elon Musk is the owner of X Corporation, an American technology company. It was established in 2023 as the successor to Twitter, Inc. and it is a wholly owned subsidiary of X Holdings Corp., which is itself owned by Elon Musk.
Highest paid executives
Elon Musk’s salary is way more than other highest paid executives in the world including Sundar Pichai, Satya Nadella, Tim Cook, and N Chandrasekaran.
Apple’s Tim Cook is the second of the world’s highest paid CEO. In 2021, he got 77.05 million dollars as salary. NVIDIA co-founder and CEO Jensen Huang is third of the world’s highest paid CEO with $507 million, and Netflix CEO Reed Hastings is fourth on the list of the most paid CEO in the world.
The special thing about the 4 top earning CEO is that all the CEOs included are from tech and biotech companies.
Elon Musk is the richest man in the world. According to Forbes, Elon Musk’s net worth is a whopping $247.2 billion.
List of other top earning CEO
While CEO pay will likely be tempered amid rising inflation across the globe, here are few more top earning CEOs who earn some truly eye-watering sums.
- Robert Scaringe
- Peter Rawlinson
- Tom Siebel
- Satya Nadella
- Joe Bae
- Tomer Weingarten
- Alex Karp
- Sid Sijbrandij
