Wednesday, Jun 01, 2022, 14:40 Economy

Tim Cook: Only 1 CEO Worldwide Earned More Money In 2021

Recently, quite a few reports concerning the highest earning companies have circulated throughout the world media. For example, many journalists have excitedly reported about the Saudi oil company perhaps surpassing Apple's rank on the top-earner list. However, this statement has shown itself to have a rather short half-life. In the meantime, our favorite tech conglomerate has retaken its previous position on the aforementioned list. That such successful companies as Apple don't represent a very interesting opportunity for investors but focus more on rewarding their executives with stock options should come as a surprise to no one. For Tim Cook especially, last year was considerably profitable.

Tim Cook's Year Of Laughing All The Way To The Bank
The economic magazine Fortune is known not only for its yearly rank list of the top "Fortune 500" highest-earning companies. The magazine is also currently providing lists for the top ten best paid CEOs and Tim Cook is in second place for last year. In 2021, he earned US$775 million. That's a considerable increase in comparison to his total earnings in 2020, which amounted to "only" US$265 million and eighth place on the same list. The CEO's high placement on the list is more so do to his receipt of ten years worth of stock options totaling US$1.7 billion, as per Fortune. Given the company's extreme success on the stock market, this should come as no surprise. Since Cook's arrival at the head of the company, Apple's value as a company has risen by a value of US$2.2 billion.



Elon Musk Holds Considerable Lead In 1st Place
The distance between Tim Cook's position in second and that of first place is quite significant. Elon Musk, CEO of Tesla and Space X, manage to earn a total of US$23.5 and holds the position in first place.

  • Elon Musk (Tesla, US$23.5 Billion)
  • Tim Cook (Apple, US$770.5 Billion)
  • Jensen Huang (Nvidia, US$561 Billion)
  • Reed Hastings (Netflix, US$453.5 Billion)
  • Leonard Schleifer (Regeneron Pharmaceuticals, US$452.9 Billion)
  • Marc Benioff (Salesforce, US$439.4 Billion)
  • Satya Nadella (Microsoft, US$309.4 Billion)
  • Robert A. Kotick (Activision Blizzard, US$296.7 Billion)
  • Hock E. Tan (Broadcom, US$288 Billion)
  • Safra A. Catz (Oracle, US$239.5 Billion)

In total, 2021 was a year crowned by success for most of Fortune 500's top CEOs. The average compensation was US$15.9 billion, 30% higher than last year's number.

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