Meanwhile, the Apple CEO earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. The tech giant ranks 3 on the Fortune 500. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house, the report said. Hang, the co-founder of NVIDIA, and Reed Hastings of Netflix bagged third and fourth spots, respectively. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Elon Musk, the CEO of Tesla and SpaceX, has topped the Fortune 500’s list of most highly rewarded CEOs in 2021. Following Musk, the top ten highest-paid Fortune 500 CEOs in 2021 are all from the IT and biotech industries, including Apple’s Tim Cook, Netflix’s Reed Hastings, and Microsoft’s Bill Gates (Satya Nadella) Musk “realised” over $23.5 billion in remuneration in 2021 after exercising certain Tesla stock options issued as part of a multiyear “moonshot” grant in 2018. This year’s Fortune 500 rated Tesla at number 65. In 2021, the corporation had a blockbuster year, pulling in $53.8 billion in sales, up 71% from the previous year.
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