Sunday 21 August 2022 12:13 AM America's highest-paid CEOs Elon Musk Rivian boss Robert Scaringe Apple CEO Tim ... trends now
Tesla CEO Elon Musk made more than $10 billion in 2021 making the world's richest man also the highest paid CEO on the planet.
Musk had topped the list for the fourth year in a row. Much of his pay packet is made up from various stock options which have added $78 billion to his personal wealth believed to be around $269 billion.
Musk's earnings mostly came in the form of stock options from his company.
Musks payout is so vast that out of the top 14 CEO's as listed by Bloomberg, the remaining 13 CEOs in the list following the Tesla chief total's $6.3 billion - or just over half of what he makes.
Elon Musk was highest paid CEO last year with more than $10 billion in earnings
Next highest paid chief executive was Robert Scaringe, CEO of Rivian Automotive who made about fives times less than Musk with $2.3 billion
Nine-figure compensation packages were once rare but they appear to be on the increase.
The packages are often made up from salary, bonus, stock awards, stock option awards, deferred compensation and other components that include benefits and perks.
For some companies, big raises can occur when CEOs get a stock grant in one year as part of a multi-year grant.
Robert Scaringe, CEO of Rivian Automotive was way behind Musk but still with an enormous paycheck of $2.3 billion last year.
Apple CEO Tim Cook, who heads the most valuable and cash-rich company in the world, pulled in $853 million in 2021, while Peter Rawlinson CEO/CTO of California-based Lucid Motors earned $575 million.
Apple's Tim Cook came in third place with $853 million in compensation
Peter Rawlinson CEO/CTO of California-based Lucid Motors earned $575 million, left. Tom Siebel CEO of software company C3.ai banked $343 million, right
The highest placed female CEO, Sue Nabi of global beauty company Coty, made $283m
In fifth place Tom Siebel CEO of software company C3.ai banked $343 million, while the highest placed female CEO, Sue Nabi of global beauty company Coty, made $283 million.
In 2023, once she has collected all the shares included in her package, she will own about 3% of the company.
'Nabi is one of the beauty industry's leading founder talents: a hugely respected business leader with an outstanding track record,' the company said in a statement. 'In order to attract a true entrepreneur like her, Coty needed to have an enticing equity scheme.'
From seventh place onwards, the numbers get a little closer together.
Joe Bae CEO of KKR private equity made $279 million in 2021 while Tomer
