Wealth

Elon Musk Is the Highest Paid CEO in the U.S. in 2020

It's the third year in a row he's held the distinction.
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Elon Musk was the highest paid U.S. CEO in 2020—by a mile. That's according to Bloomberg which has just released its Pay Index which lists the highest-paid CEOs right now.

In total, Musk made $6.6 billion in 2020. That's a lot even for a CEO or executive. To put that amount into perspective, the second-highest-paid CEO in the U.S. yielded $568 million. This year's list also highlighted the highest-paid women CEOs and executives. The first being Carrie Wheeler of Opendoor Technologies who figured at the 34th spot with $100,992,700.

Check out the 10 CEOs and executives that made it to the top of Bloomberg's Pay Index below.

  1. Elon Musk - $6,658,803,818
  2. Mike Pykosz - $568,442,024
  3. Trevor Bezdek - $497,838,903
  4. Douglas Hirsch - $497,836,647
  5. Eric Wu - $388,713,679
  6. Alex Karp - $369,553,959
  7. Geoffrey Price - $356,271,777
  8. Tim Cook - $265,043,550
  9. Griffin Myers - $221,354,227
  10. Chad Richison - $220,003,916

Read the full story here.

"For Musk, none of it is salary," said Bloomberg's Anders Melin. "He gets only paid in stock options that grow in value if Tesla's share price goes up. And Tesla share prices have been on a tear for the past few years, so this package has become worth quite a bit of money."

Must be nice.

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Paolo Chua
Paolo Chua is the Associate Style Editor of Esquire Philippines.
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