INDEX / REPORTS
The new Fortune 500, the list of most highly paid CEO was released for the year 2021 by Fortune magazine.
The list was topped by the Chief Executive Officer of SpaceX and Tesla Mr.Elon Musk with $23.5 billion in salaries i.e. roughly about 1.82 crores.
Musk was followed by Tim Cook, Jensen Huang and Reed Hastings with $770.5 million, $561 billion and $453.5 million respectively.
Tim Cook is the chief executive officer of Apple. The market value of the company in 2021 rose by $2.2 trillion and ranked third on the Fortune 500 list.
Satya Nadella of Microsoft secured the 7th spot on the new list with compensation worth $309.4 million last year. He has been leading Microsoft since 2017.
A report by the Economic Policy Institute said that an average “big-company” CEO made 351 times the salary of an average worker on a realized basis in 2020. The Fortune 500 evaluated the salaries of 280 Fortune 500 CEOs, who “earned a median total compensation of $15.9 million” — up 30% from a year earlier.