Founder and CEO of Amazon, Jeff Bezos, recently became the world’s richest man. But Bezos is just one of many highly paid CEOs currently dominating the business world. Technology giants like Apple and Google are able to provide huge bonuses for its CEOs. Bonuses make up the biggest chunk of most CEO’s yearly earnings. IBM’s Ginni Rometty, for example, has a yearly salary of $1.6 million. Yet that figure is barely 1% of her total yearly compensation. When innovation and sales are high, CEOs are bound to see their own wallets inflate.
Here is a look at some of 2017’s highest earning CEOs:
Leslie Moonves (CBS)
Moonves has been with CBS for more than twenty years, serving in a variety of management roles. Only recently did he take over as CEO of the company, and the new title positively impacted his personal net worth. Moonves reportedly pulled in more $68 million in total pay. He received $36 million in cash compensation with the rest of the pay coming in the form of stock and options.
This past year marked another crowning achievement for Moonves and the station. For the ninth consecutive season, CBS was the most-watched network in America. It is also the 14th time in 15 years that the network claimed that title. Moonves can thank television viewers everywhere for making him one of the wealthiest entertainment executives in the world.
Tom Rutledge (Charter Communications)
In 2016, Tom Rutledge saw a huge increase in salary – $16.4 million to be exact. Pulling in a total of $98.5 million in yearly earnings puts Rutledge in an elite class of CEOs. His salary breakdown is a bit different from his counterparts though. Rutledge reportedly received $2 million in base salary, $10.1 million in stock awards, and more than $7 million in non-equity incentives. The majority of his compensation came in the form of a new employment deal with Charter Communications – $78 million total. And with several new high-profile acquisitions, Rutledge can expect to see an even higher salary next year.
Elon Musk (Tesla)
It’s only fitting that Elon Musk finds his way on to a list of top-paid CEOs. Shockingly, Musk only takes home a yearly salary of nearly $46,000. But he more than makes up for that in other areas. The Tesla Co-Founder took home a reported $99.7 million in total earnings. Musk is already a billionaire, and apparently paid $593 million in income taxes last year alone.
His company plans to revolutionize the car industry through the creation of several autonomous vehicles in the near future. To add to that, Musk has been outspoken about his desire for space exploration and music streaming services. Don’t be too surprised if Musk continues to make this list for years to come.