Elon Musk is the highest paid CEO in history, with 34.5 billion BRL in 2020

Elon Musk is the highest paid CEO in history, with 34.5 billion BRL in 2020

In 2020, Elon Musk continued to enjoy the largest CEO compensation package in history: he received R$34.5 billion (US$6.6 billion). This is the third year in a row that he has held this position.

Musk tops Bloomberg’s list of the highest-paid CEOs in the United States, and his salary was nearly 12 times that of second place: Oak Street Health CEO Mike Pecos, who received $3 billion ($568 million). Did.

He is followed by Trevor Bezdek and Douglas Hirsch (both from GoodRX Holdings), with R$2.6 billion (US$498 million), each with R$2.6 billion (US$498 million), and Eric Wu (Opendur Technologies), with R$2 billion (US$389 million).

Tesla’s CEO pay is due to a common practice among companies in the United States to encourage CEOs and presidents: Elon Musk has given up his fixed salary and is compensated with bonuses and company stock.

Critics of the practice argue that it exacerbates pay inequality and overestimates the work of individuals, reinforcing the idea that the leader’s work is more important than that of his subordinates.

Whose legacy does Forbes magazine assess today? ELON musk At R$953 billion (US$182 billion). He is the third richest man in the world: the first is Bernard arnault, from the luxury fashion group LVMH (Louis Vuitton moet hennessy), R$1.03 trillion (US$197.5 billion), and Jeff . with Bezos, founder of Amazon, with R$1.01 trillion (US$193 billion).

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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