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News18
5 days ago
- Business
- News18
Elon Musk Salary: Why Was He The Lowest-Paid S&P 500 CEO In 2024 With $0 Payout From Tesla?
Last Updated: Tesla CEO Elon Musk received no salary, bonus, or stock awards from the company in 2024, making him the lowest-paid chief executive among all S&P 500 firms, says a report. Elon Musk, the CEO of Tesla, received no salary, bonus, or stock awards from the company in 2024, making him the lowest-paid chief executive among all S&P 500 firms, according to a report by the Wall Street Journal. Confirming the news, Musk reacted in a post on X, 'Zero for seven years, despite increasing the value of the company >2000%." Zero for seven years, despite increasing the value of the company >2000% — Elon Musk (@elonmusk) June 2, 2025 Elon Musk has not received any compensation for 2023 or 2024, the company has also said in its filing to the US Securities and Exchange Commission (SEC). Why Is Elon Musk Not Receiving Any Compensation From Tesla? Musk's lack of compensation comes after a Delaware Chancery Court in January 2024 struck down his $56 billion compensation package, which had been approved in 2018 and tied to highly ambitious performance milestones. The court ruled that Tesla's board failed to act independently and that the approval process was heavily influenced by Musk. 'Musk dictated the terms of the compensation plan," Chancellor Kathaleen McCormick had stated in the ruling. Tesla has since proposed a re-vote on the package and plans to shift its legal base from Delaware to Texas. Although he received no pay in 2024, Musk remains Tesla's largest shareholder, with an estimated 13% stake in the company. His net worth, therefore, continues to be tied to Tesla's market performance rather than traditional executive compensation. Despite recent stock volatility, Tesla shares have rebounded somewhat in 2025, helping Musk retain his place among the world's wealthiest individuals, though through equity holdings rather than salary. According to Forbes' Real-Time Billionaire List, Elon Musk is the richest person in the world with a net worth of $420.6 billion. Who Is The Top-Paid CEO? Musk's $0 compensation places him at the bottom of the S&P 500 CEO pay rankings, in contrast to the highest earners. According to data compiled by Equilar and reported by The Wall Street Journal, Broadcom CEO Hock Tan was the highest-paid CEO in 2024, receiving more than $161 million in total compensation.
India.com
23-04-2025
- Business
- India.com
Mukesh Ambani, whose net worth is Rs 8454831000000, wears only white shirts for meetings, the real reason is...
Mukesh Ambani, whose net worth is Rs 8454831000000, wears only white shirts for meetings, the real reason is... Nita Ambani's lifestyle and appearances often make headlines. Her makeup, expensive jewellery, and her bags have often caught the eye of the media. However, this time, it's Mukesh Ambani's white shirt that has caught everyone's attention. As per Forbes' Real-Time Billionaire List, his net worth is estimated to be $99.0 B and has been listed at the 16th position. He initiated Reliance's backward integration journey – from textiles to polyester fibres and further on to petrochemicals and petroleum refining, then going upstream into oil and gas exploration and production. He set global records in customer acquisition for Jio, Reliance's digital services business. He led and established one of the world's most expansive 4G broadband wireless networks. Despite living in a luxurious, most expensive Rs 15000 crore Antilia, and being one of the richest men in the world and Asia, Mukesh Ambani is often spotted in a minimalist look, particularly a white short-sleeve shirt and black trousers. Mukesh Ambani, whose net worth is Rs 8454831000000, wears only white shirts for meetings, the real reason is… This simple and minimalist style could be a reflection of his father, Dhirubhai Ambani's, preference for plain white clothing. His choice of such attire may symbolize a tribute to his father's legacy and a sense of continuity. Although Mukesh Ambani can afford luxury items, he prefers to wear a simple white shirt and dark trousers, reflecting his minimalist approach to personal style. According to TOI, the billionaire once mentioned that he doesn't care much for fashion brands, saying, 'I wear anything that fits me.' Many have observed that other renowned tech leaders, such as Mark Zuckerberg and Steve Jobs, also embrace a minimalist wardrobe. The idea behind this choice is often to reduce decision fatigue and focus their energy on making important business decisions, rather than spending time on daily outfit choices. Mukesh Ambani's choice of white shirts embodies a mix of personal comfort, a tribute to his family legacy, and a sense of practicality in his everyday style. As per Forbes, Mukesh Ambani's net worth is estimated to be $99.1B( Rs 8,454,831,000,000 (₹8.45 lakh crore. As of April 23, 2025, the exchange rate is approximately 1 USD = Rs 85.41.
