Highest Paid CEO's in the World and their Responsibilities

Highest Paid CEO’s in the World and their Responsibilities

Business

A CEO (Chief Executive Officer) is the senior-most highest-ranking executive in a company. The primary responsibilities of a CEO are decision making, management of overall operations, and resources of a company, acting as the main figure of communication between the Directors and the Corporate operations.

The CEO reports directly to and is accountable to, the Board of Directors of a company. In simple terms being a CEO means being the public face of the company. A CEO is chosen by the board and shareholders of a particular company. Sometimes other titles are also used to address CEOs, such as Chief Executive, President, and Managing Director.

Highest Paid CEOs in the World

ROLE OF A CEO?

Being one of the most important figures of a particular organization, the roles, and work of a CEO varies from one company to another. Usually, it depends on the organizational structure or sometimes the size of the company.

For instance, in smaller companies, the CEO takes on more “involving roles” e.g. hiring a staff. Whereas in larger companies, the CEOs usually deal with upper-tier corporate strategies and major decision-making tasks.

An efficient CEO is necessary for the company to grow and achieve great success. It is the CEO of the company who makes crucial decisions. In this article, we will talk about the world’s highest-paid CEOs and how their skills and decision making strategies make them world-class leaders.

There is no shortcut to being one of the highest-paid CEO. It takes years of hard work, continuous skill development, and constant efforts. Below mentioned are some important characteristics of a CEO.

  • Communicating on behalf of the company, with the Board of Directors, government, and legal entities, and of course with the public
  • Leading the development of the company’s strategy
  • Analyzing the other executive entities and their contribution within the company including Directors, Vice Presidents, and Presidents
  • Maintaining and understanding the competitive business environment, prospects for growth, and new trends in the industry
  • Making sure that the company maintains its high social responsibility while doing business
  • Constructing strategic goals and ensuring that they are implemented well in the company

Highest-Paid CEOs in the world

10. Amir Dan Rubin (One Medical)

Net worth – $17.6 Million

Amir Dan Rubin

Since August 2017, Amir Dan Rubin has been associated with One medical as a CEO and Chair of the Board of Directors. He is getting the compensation of $199,053,051, which is among the highest in the Healthcare industry. His net worth stands at $17.6 million dollars. His company One Medical attracts health care services that provide patients with effortless facilities that are less time consuming and gives a seamless experience.

Formerly, Amir Dan Rubin also worked with other health care companies like Stanford Health Care, UCLA Health System, and UnitedHealth Group’s Optum division. His role and expertise in the industry are acknowledged by the EY Entrepreneur of the Year Award in Northern California.

9. John C. Plant (Howmet Aerospace Inc.)

Net worth – $57.7 Million

John C Plant

CEO of Howmet Aerospace, John C. Plant is one of the most generously compensated CEOs in the world. Plant has had a recognized career in the automotive industry for almost 40 years. His total compensation is $39,091,008. Out of which $1,600,000 is the base pay and the rest is awarded as stocks and shares. The total net worth of Plant is $57.7 million dollars. John is a fellow of the Institute of Chartered Accountants.

8. Thomas Rutledge (Charter Communications)

Net worth – $ 67.51 Million 

Thomas Rutledge

Thomas Rutledge began his career in 1972 at Eastern Telecom and now stands among the highest-paid CEOs in the world. He is currently associated with Charter Communications as a Chairman and Chief Executive Officer. As of January 2022, his net worth is valued at $ 67.51 million dollars. The annual earnings of Rutledge are $38.8 million in 2020. He also made the spotlight in the news for the highest pay rise one has got. He is rewarded with one of the highest awards in the cable industry “NCTA’s Vanguard Award”.

7. Robert Swan (Intel)

Net worth – $119 Million 

Robert Swan

An American businessman Robert H. Swan is positioned as the CEO of Intel. Joined in 2016, he is earlier associated with the company as Chief Financial Officer and Interim Chief Executive Officer. He is also known as Bob Swan. Under his leadership, Intel was listed in Fortune 500 and ranked at no. 45. Prior to this, Mr Swan was associated with companies like eBay and General Atlantic. He has $5,212,500 worth of salary and his net worth is $119 million dollars. Mr Swan claims more than 20,000 units of Intel stock worth more than $8,196,620.

6. Sumit Singh (Chewy Inc.)

Net worth – $151 Million 

Sumit Singh

CEO of Chewy Inc, Sumit Singh is among the highest-paid CEOs in the world. Singh’s perception towards innovation, entrepreneurship and leadership skills make his place in the Bloomberg 50 annual list. His net worth was assessed at $151 million dollars on 14 December 2021. With 20 years of experience, Sumit has also worked with multinational companies like Amazon and Dell. He is well known for his investing tactics and strategies.

5. Lisa T. Su (Advanced Micro Devices)

Net worth – $351 Million

Lisa T Su

Recognized as one of the World’s greatest leaders by Fortune in 2017, Lisa T. Su is among the highest-paid CEOs in the world. She is the CEO of semiconductor firm Advanced Micro Devices. The company creates PC processors and related advancements for business and customer markets. The estimated net worth of Lisa T. Su is $351 million with a current salary of $13,356,400. Lisa holds more than 100,000 units of share in the company, which makes her total compensation up to $58,534,300.

4. Satya Nadella (Microsoft)

Net worth – $420 Million

Satya Nadella

An Indian-American businessman, Satya Nadella is the Executive Chairman and CEO of Microsoft. He joined Microsoft in 1992, prior to this Satya Nadella worked with Sun Microsystems as technology staff. Nadella rose consistently through the positions at Microsoft. The net worth of Satya Nadella is $420 million. In 2021, with the base salary of $2.5 million, his total compensation increased with his stocks, now valued at $33 million.

3. Sundar Pichai (Google)

Net worth –1.31 Billion

Sundar Pichai

Sundar Pichai, an Indian-American Computer Scientist was selected to become the next CEO of Google on August 20, 2015 , after previously being appointed as the Product Chief by CEO Larry Page. He became the CEO of Alphabet on December 3, 2019, after Google Co-Founders Larry Page and Sergey Brin resigned from their executive positions. He became one of the highest-paid executives with annual earnings of 280.6 million last year. His current net worth is 1.31 billion and grows every year substantially. He was listed in the Times’ 100 most influential people.

2. Tim Cook (Apple Inc.)

Net worth – $1.5 Billion

Tim Cook

Tim Cook joined Apple Inc in 1998 and became its CEO in 2011. Today, he received $963.5 million worth of total compensation. Being the second-largest shareholder of his company, he officially became a billionaire in August 2020. He has a net worth of $1.5 billion today. Being a philanthropist, Cook has decided to donate a large chunk of his money to the charity after his death. His work is acknowledged by the Financial Times Person of the Year (2014).

1. Elon Musk (Tesla Inc.)

Net worth – $282 Billion

Elon Musk

Elon Musk is one of the most popular and most successful entrepreneurs with a net worth of $282 billion. He is the CEO of Tesla Inc. (NASDAQ: TSLA), an automotive and energy company focused on developing high-performance, fuel-efficient cars (Electric Cars), along with many other companies that strived and are still striving under his umbrella. His Annual earnings reach up to $6.66 billion USD making him the highest-paid CEO in the entire world. Elon Musk receives his compensation majorly as stock and option awards.

Conclusion

With big positions comes bigger responsibilities. The story of a company’s success starts with a dedicated leader who takes big decisions in the favour of the company. These CEOs are indeed an inspiration to everyone who wants to excel in business. 

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