Elon Musk has the highest CEO salary ever
As per the reports, it claims that Elon Musk, the CEO of Tesla and SpaceX, is at the top of the list of CEOs with the highest salaries. Musk “realized” pay of around $23.5 billion in 2021 after he exercised some Tesla stock options that had been granted as part of a multiyear “moonshot” grant in 2018. According to Fortune, that was by far the largest CEO salary in 2021.
When Elon Musk received a multibillion-dollar compensation package from Tesla in 2018, the historic agreement significantly raised the potential remuneration of the CEOs of several of the largest public firms in America.
Moreover, the entire deal consisted of a sizable stock grant that was conditional on the company’s performance. Elon Musk has so far gotten shares valued at about $60 billion, helping to make him the richest man in the world as Tesla has sold enough electric cars to become the most valuable automaker on the planet. According to compensation experts, Mr. Musk’s arrangement has a significant impact on everything.
As per the sources, we also came to know that Tesla was placed 65 on the Fortune 500 this year. In 2021, the business experienced a blockbuster, generating $53.8 billion in revenue, up 71% from 2020. The Apple CEO made $770.5 million in 2021 alone, the most of which came from a $1.7 billion gift of shares over ten years. On the Fortune 500, the tech behemoth is ranked third.
The story claims that despite challenges brought on by the global chip shortage, the company began fabricating the machinery internally. Third and fourth place went to Reed Hastings of Netflix and Hang, a co-founder of NVIDIA.
Furthermore, Elon Musk gained attention in April 2022 when he announced his plan to buy Twitter in the name of free speech. The astonishing $44 billion cash offer for the acquisition of Twitter has forced the Twitter board to take the offer seriously. The offer was made to the social media company. Musk is reportedly going to temporarily take over as Twitter’s CEO only if the deal is approved.