Mark Zuckerberg, Satya Nadella, Jensen Huang, Sundar Pichai, Andy Jassy, Tim Cook, and Elon Musk are the CEOs of the Magnificent Seven. Getty Images
The Magnificent Seven companies include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
They are worth trillions of dollars and CEOs are paid accordingly.
Here’s who’s making the most money, how much they all made last year, and the breakdown.
The “Magnificent Seven” companies (Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla) are collectively valued at nearly $14 trillion.
Running these big tech companies also means receiving a pretty hefty salary. For example, Apple CEO Tim Cook’s total compensation last year was $63.2 million, while Amazon’s Andy Jassy received only about $1.3 million.
Business Insider looked at the total compensation of these CEOs last year through the companies’ most recent SEC proxy statements.
Here’s how much they earn, who gets paid the most, and a breakdown of their salaries.
Apple CEO Tim Cook
Tim Cook. Michael M. Santiago/Getty Images
Tim Cook’s Total compensation reached $63.2 million last year, but his annual base salary has remained unchanged at $3 million since 2016.
The $63.2 million includes his annual base salary, $46.9 million in stock compensation and $10.7 million in non-stock incentive plan compensation. He subsequently received an additional $2.5 million in other compensation. This includes security fees, private jet travel and personal travel.
His 2023 compensation was approximately 40% lower than the $99.4 million he received. Apple investors were urged by a shareholder advisory firm to vote against the 2022 pay structure, and Cook requested a reduction.
Microsoft CEO Satya Nadella
Microsoft CEO Satya Nadella speaks at company’s Bing AI search tool launch Jason Redmond/AFP/Getty Images
Satya Nadella’s total compensation last year was $48.5 million, down 12% from $54.9 million in 2023.
The Microsoft CEO owned 800,667 shares of the company’s stock as of December, and much of his compensation is tied to the company’s performance, according to the company’s proxy statement.
His latest salary includes $2.5 million in salary, $39.23 million worth of stock, $6.4 million in non-equity incentives, and $360,000 in other compensation.
In his 10 years as CEO, his total compensation exceeded $1 billion, according to a Bloomberg analysis of his earnings last year.
Nvidia CEO Jensen Huang
Nvidia CEO Jensen Huang. Mohd Rasfan/AFP/Getty Images
Jensen Huang received a compensation package of $34.2 million in NVIDIA’s most recent fiscal year, which ended in January. Stock compensation cost him $26.7 million, cash bonuses cost him $4 million, and other expenses such as home security and a car and driver cost him $2.5 million.
This is a 60% increase compared to the previous year’s $21.35 million. This includes a base salary of $996,832, approximately $19.7 million in stock compensation, and approximately $700,000 in other compensation. The median CEO-to-employee ratio was 94:1.
Meta CEO Mark Zuckerberg
Mark Zuckerberg attended the UFC 300 event in Las Vegas in April. Jeff Bottari/Getty Images
Mark Zuckerberg’s base salary since 2013 was just $1.
However, the Facebook co-founder is getting millions more to cover security and logistics costs, so don’t feel too sorry for him. As of 2023, his total compensation was $24.4 million.
This is down $27.1 million in 2022, suggesting that even Zuckerberg wasn’t protected from the meta “year of efficiency.”
Alphabet CEO Sundar Pichai
Justin Sullivan/Getty
Sundar Pichai’s compensation in 2023 will be $8.8 million.
His 2023 salary was reported to be $2 million, and he also received about $6.77 million in personal benefits, according to SEC filings.
According to the report filed in April 2023, total compensation in 2022 amounted to approximately $226 million. Most of that amount was $218 million in equity through triennial stock grants.
A Google spokesperson said the awards were created over a multi-year period to recognize long-term achievements.
Amazon CEO Andy Jassy
Michael Tran/Getty
Amazon CEO Andy Jassy was paid $1.3 million in 2023, according to the company’s latest proxy report. This includes his $365,000 salary and his $992,764 in security arrangements.
His realized compensation, including the value of vested shares, was worth $29.2 million, a 12% decrease from $33.2 million in 2022.
Mr. Jassy’s realized compensation in 2023 and 2022 was significantly lower than the amount he received in 2021 due to the decline in Amazon’s stock price and the reduction in vested stock over the past two years, the filing said.
Jassy received total compensation of $212.7 million in 2021, when he took over as CEO from Jeff Bezos.
Jassy’s 2021 grant will make up the bulk of her compensation for the next few years, according to her application. Vesting of his 2021 restricted stock units will not begin until 2023, and more than 80% of his shares are scheduled to vest between 2026 and 2031.
Tesla CEO Elon Musk
Elon Musk made a surprise visit to China. Arturo Holmes/Getty Images
Elon Musk’s 2023 pay is in limbo after a judge rejected the idea, saying he had undue influence over his $56 billion compensation package because of his close ties to board members.
Musk stopped receiving a salary from Tesla at his own request in 2019, and his pay package is dependent on a series of goals he set in 2018, including that Tesla has met certain targets. It also includes a 10-year grant of 12 stock options that vest if achieved. Upon passing each milestone, Musk will be granted shares equal to 1% of the company’s outstanding shares at the time of grant. According to Tesla, all 12 goals have been achieved as of 2023.
Musk’s wealth primarily comes from Tesla stock, but he is also the CEO of X/Twitter, Neuralink, The Boring Company, and SpaceX. He is worth $188 billion, making him the third richest person in the world, according to the Bloomberg Billionaires Index.
