While it’s unsurprising that Covid-19 remains a source of concern for CEOs, other concerns include supply chain disruptions, changing consumer behavior, labor and employee shortages due to stress and poor mental health, and more To tackle the pandemic’s difficulties, corporate leaders all throughout the World had to act quickly and decisively. Some tried their hardest to keep their businesses afloat, but due to a lack of personnel, resources, demand, or sheer luck, they were unable to manage the difficulties and went to the bottom, while others employed their talents and manpower to perfection and kept themselves and their businesses afloat. Some CEOs could not only overcome obstacles and remain steady in their positions but also advance to the top and flourish. Here are the Top Highest-Paid CEOs in the World right now. These rankings are based on the statistics given by the Fortune 500.
- Elon Musk, CEO of Tesla
Elon Musk is the founder and CEO of SpaceX and Tesla, the most valuable automaker in the World.
Despite not being paid by Tesla, Musk has been the highest-paid CEO in the US for three years. Instead, when the business achieves specific market capitalization and growth benchmarks, he is awarded stock options. With the help of these options, Musk can buy Tesla stock for a remarkable $70 per share, which at the beginning of January 2022 was trading for close to $1,200 per share. In the first quarter of 2022, Tesla generated $18.76 billion in revenue. By exercising some Tesla stock options granted in 2018, Musk received income in 2022 totaling roughly $23.5 billion.
As of May 25, Elon Musk’s net worth was estimated to be $193 billion. This indicates that Musk has lost 77.6 billion dollars in fortune from the beginning of the year. By net worth, Musk remains the richest person in the World. He also ranked #2 on the Forbes 400 list of 2022.
- Tim Cook, CEO of Apple
ook became Apple’s CEO in 2011 following the passing of Steve Jobs. He has consistently appeared on lists of the highest-paid CEOs for a number of years.
Apple’s market value has climbed by $2.2 trillion under Cook, and in 2021, the business made $95 billion in profits. The company encountered difficulties due to global chip scarcity but was successful in starting internal equipment manufacturing.
Apple outperformed every other American corporation on that front, finishing the year with an enormous $95 billion n earnings. In the first quarter of 2022, Apple generated $97.2 billion in revenue.
The estimated current net worth of Tim Cook is $2 billion. As part of a 10-year issuance of shares worth $1.7 billion, he received an astounding $770.5 million in 2021 alone. Most people would find Cook’s $3 million salary acceptable, but it is nothing compared to his $10.7 million bonus and $250 million in stock awards.
In the Forbes list of billionaires of 2022, Cook ranked #1513.
- Jensen Huang, CEO of NVIDIA
NVIDIA Corp., founded in 1993, is a tech corporation best known for its graphics chips, artificial intelligence technology, and Shield gaming consoles. Jensen Huang is the company’s co-founder, current CEO, Director, and President.
Due to the company’s share price increasing by about 60 times over the previous ten years, he realized $561 million in 2022 from the expiration options given in 2011 and 2012. From NVIDIA in the fiscal year ended in 2022, Huang got a total compensation of $23.7 million, out of which $900k was his salary, $18 million was awarded as stock, $4 million was his bonus, and $81k came from other types of compensation.
Nvidia, which went public in 1999, is 3.6% owned by Huang. NVIDIA’s revenue increased by 61% to a record $12.46 billion in 2021, and it was $7.10 billion in the first quarter of 2022.
With a $21.3 billion net worth, he came in at #34 on the Forbes 400 list of billionaires for 2022.