Elon Musk highest-paid CEO, followed by Apple’s Tim Cook, says report

Tesla and SpaceX CEO Elon Musk has topped the list of highest-paid CEOs on the Fortune 500 in 2021.

After Musk, the 10 highest-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 “realized” compensation of about $23.5 billion from the exercise of certain Tesla stock options awarded in a 2018 multiyear “moonshot” grant.

That was – by far – the biggest CEO salary in 2021, according to Fortune.

Tesla was ranked 65th in this year’s Fortune 500. The company had a blockbuster in 2021, generating $53.8 billion in revenue, up 71 percent from 2020.

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

The company faced challenges due to global chip shortages, but successfully started manufacturing home appliances, the report said.

NVIDIA co-founder Hang and Netflix’s Reed Hastings took third and fourth place respectively.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)

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