Elon Musk Was the Highest-Paid CEO in 2020

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Vika Azkiya Dihni 27/04/2022 10:20 WIB

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According to the Bloomberg Pay Index, Elon Musk was the highest-paid CEO in 2020, with compensation totaling US$6.7 billion, or approximately Rp96.8 trillion.

Top 10 Highest-Paid CEOs and Executives (2020)

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Top 10 Highest-Paid CEOs and Executives (2020)

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Chief Executive Officer (CEO) is the highest position in company management. Elon Musk was recorded as the highest-paid CEO in the world in 2020.

According to the Bloomberg Pay Index report, in 2020, the head of Tesla received US$6.65 billion, or approximately Rp96.8 trillion (at an exchange rate of Rp14,458/US$). Most of his compensation was in the form of option awards, which are options to buy company shares at a specific price.

The rise in Tesla's share price increased Elon Musk's compensation. According to Forbes, in 2020, Tesla's share price soared by 705%, making it one of the companies with the largest market capitalization on the US stock exchange.

Elon Musk's compensation was far higher than the second position on the list. Second place was occupied by Mike Pykosz, CEO of Oak Street Health, who received US$568.44 million, or approximately Rp8.2 trillion.

Here is a list of the 10 highest-paid CEOs and executives in 2020:

1. Elon Musk (CEO Tesla): US$6.7 billion
2. Mike Pykosz (CEO Oak Street Health): US$568.44 million
3. Trevor Bezdek (Co-CEO GoodRx Holdings): US$497.84 million
4. Douglas Hirsch (Co-CEO GoodRx Holdings): US$497.84 million
5. Eric Wu (CEO Opendoor Technologies): US$388.71 million
6. Alex Karp (CEO Palantir Technologies): US$369.55 million
7. Geoffrey Price (COO Oak Street Health): US$356.27 million
8. Tim Cook (CEO Apple): US$265 million
9. Griffin Myers (CMO Oak Street Health): US$221.35 million
10. Chad Richison (CEO Paycom Software): US$220 million

Recently, Elon Musk bought Twitter for US$44 billion, or approximately Rp636 trillion, on Monday, April 25, 2022. The Twitter Board of Directors accepted Musk's offer of US$54.20 per share.

"Upon completion of the transaction, Twitter will become a private company, no longer a public company listed on the US stock exchange," stated the Twitter Board of Directors, as quoted by The Verge, Wednesday, April 27, 2022.

(See Also: Becoming the Richest Person in the World, What is the Trend of Elon Musk's Wealth?)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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