Ranked: The Highest Paid CEOs in the S&P 500
Many of the world’s most valuable companies are listed on the S&P 500, the benchmark index for the U.S. stock market.
For this reason, it is no surprise to see that CEOs of these key companies have multi-million dollar compensation packages. But what do these pay packages comprise? And do these CEOs always receive the compensation they are awarded? Or does it increase and decrease with stock market fluctuations?
In today’s infographic, we use data published by The Wall Street Journal to show the highest paid CEOs of S&P 500 companies in 2022, and delve into what their compensation includes.
The 20 Highest Paid CEOs
The compensation packages of CEOs of S&P 500 companies comprise not just salaries, but bonuses, stock awards, and other incentives.
Here are the CEOs of S&P 500 companies that were awarded the highest pay packages last year, and the sectors they belong to.
|Sundar Pichai||Alphabet||Communication Services||$226M|
|Michael Rapino||Live Nation Entertainment||Communication Services||$139M|
|Tim Cook||Apple||Info Tech||$99M|
|Peter Zaffino||American International Group||Financials||$75M|
|Hock Tan||Broadcom||Info Tech||$61M|
|Vicente Reynal||Ingersoll Rand||Industrials||$55M|
|Reed Hastings||Netflix||Communication Services||$51M|
|Theodore Sarandos||Netflix||Communication Services||$50M|
|Hamid Moghadam||Prologis||Real Estate||$48M|
|Stephen Squeri||American Express||Financials||$48M|
|James Gorman||Morgan Stanley||Financials||$39M|
|David Zaslav||Warner Bros. Discovery||Communication Services||$39M|
|William McDermott||ServiceNow||Info Tech||$39M|
|Darren W. Woods||Exxon Mobil||Energy||$36M|
|David Simon||Simon Property Group||Real Estate||$36M|
|James Dimon||JPMorgan Chase||Financials||$35M|
|Julie Sweet||Accenture||Info Tech||$34M|
Sundar Pichai, CEO of Google’s parent company, Alphabet, topped the list with an awarded pay package valued at around $226 million, which was over 800 times Google’s median employee compensation. His pay package included his annual salary of $2 million, a sum of $6 million for his personal security and stock awards valued at $218 million.
Meanwhile, Live Nation Entertainment CEO Michael Rapino’s awarded pay package shot up to $139 million in 2022 from almost $14 million the previous year. This included stock awards initially valued at $116 million. Tech companies Apple and Broadcom were not far behind. While Apple CEO Tim Cook’s compensation package was valued at $99 million in 2022, Broadcom’s president and CEO Hock Tan was awarded $61 million.
Other CEOs that made it to the list include global insurance giant AIG’s CEO, Peter Zaffino, and Netflix’s co-CEOs Ted Sarandos and Reed Hastings. While Hastings received a $10 million hike last year, he stepped down from this role in January 2023.
Rising Median CEO Income Hits a Wall
Over the last decade, the median pay awarded to CEOs across S&P 500 companies has doubled.
|Year||Median Total Compensation for S&P 500 CEOs||Change (%)|
In 2021, this number hit a high of $14.7 million.
However, in 2022, the median CEO compensation package hit a wall for the first time in a decade as it slightly fell to $14.5 million.
Compensation Actually Paid
A compensation package dependent on market valuation means that these CEOs may receive more or less than the pay they are slated to receive.
This is because most stock awards aren’t granted when announced, but instead vest over time, becoming subject to changes in share prices.
In 2022, the SEC introduced new disclosure rules for companies to report this realized value for executive pay packages, appropriately called “compensation actually paid.”
|CEO||Company||Total Pay||Compensation Paid|
|Michael Rapino||Live Nation Entertainment||$139M||$36M|
|Peter Zaffino||American International Group||$75M||$91M|
|Vicente Reynal||Ingersoll Rand||$55M||$51M|
|Theodore (Ted) Sarandos||Netflix||$50M||$50M|
|Stephen Squeri||American Express||$48M||$43M|
|James Gorman||Morgan Stanley||$39M||$31M|
|David Zaslav||Warner Bros. Discovery||$39M||-$41M|
|Darren Woods||Exxon Mobil||$36M||$90M|
|David Simon||Simon Property Group||$36M||$30M|
|James Dimon||JPMorgan Chase||$35M||$37M|
The Wall Street Journal report revealed that many of the top-paid S&P 500 CEOs in 2022 received much smaller pay packages due to market fluctuations.
For example, Sundar Pichai ended up receiving about $116 million as the value of Alphabet’s stock dropped at the time that his grants vested. Similarly, Michael Rapino was paid almost $36 million, though his stock awards will continue vesting for another five years.
Ranked: The World’s Top Diamond Mining Countries, by Carats and Value
Who are the leaders in rough diamond production and how much is their diamond output worth?
Ranked: World Diamond Mining By Country, Carat, and Value
Only 22 countries in the world engage in rough diamond production—also known as uncut, raw or natural diamonds—mining for them from deposits within their territories.
This chart, by Sam Parker illustrates the leaders in rough diamond production by weight and value. It uses data from Kimberly Process (an international certification organization) along with estimates by Dr. Ashok Damarupurshad, a precious metals and diamond specialist in South Africa.
Rough Diamond Production, By Weight
Russia takes the top spot as the world’s largest rough diamond producer, mining close to 42 million carats in 2022, well ahead of its peers.
Russia’s large lead over second-place Botswana (24.8 million carats) and third-ranked Canada (16.2 million carats) indicates that the country’s diamond production is circumventing sanctions due to the difficulties in tracing a diamond’s origin.
Here’s a quick breakdown of rough diamond production in the world.
|5||🇿🇦 South Africa||9,660,233|
|10||🇸🇱 Sierra Leone||688,970|
|18||🇨🇮 Cote D'Ivoire||3,904|
|19||🇨🇬 Republic of Congo||3,534|
Note: South Africa’s figures are estimated.
As with most other resources, (oil, gold, uranium), rough diamond production is distributed unequally. The top 10 rough diamond producing countries by weight account for 99.2% of all rough diamonds mined in 2022.
Diamond Mining, by Country
However, higher carat mined doesn’t necessarily mean better value for the diamond. Other factors like the cut, color, and clarity also influence a diamond’s value.
Here’s a quick breakdown of diamond production by value (USD) in 2022.
|5||🇿🇦 South Africa||$1,538M|
|9||🇸🇱 Sierra Leone||$143M|
|19||🇨🇬 Republic of Congo||$0.20M|
|20||🇨🇮 Cote D'Ivoire||$0.16M|
Note: South Africa’s figures are estimated. Furthermore, numbers have been rounded and may not sum to the total.
Thus, even though Botswana only produced 59% of Russia’s diamond weight in 2022, it had a trade value of nearly $5 billion, approximately 1.5 times higher than Russia’s for the same year.
Another example is Angola, which is ranked 6th in diamond production, but 3rd in diamond value.
Both countries (as well as South Africa, Canada, and Namibia) produce gem-quality rough diamonds versus countries like Russia and the DRC whose diamonds are produced mainly for industrial use.
Which Regions Produce the Most Diamonds in 2022?
Unsurprisingly, Africa is the largest rough diamond producing region, accounting for 51% of output by weight, and 66% by value.
|Rank||Region||Share of Rough|
Diamond Production (%)
|Share of Rough
Diamond Value (%)
However diamond mining in Africa is a relatively recent phenomenon, fewer than 200 years old. Diamonds had been discovered—and prized—as far back as 2,000 years ago in India, later on spreading west to Egyptian pharaohs and the Roman Empire.
By the start of the 20th century, diamond production on a large scale took off: first in South Africa, and decades later in other African countries. In fact between 1889–1959, Africa produced 98% of the world’s diamonds.
And in the latter half of the 20th century, the term blood diamond evolved from diamonds mined in African conflict zones used to finance insurgency or crime.
Energy3 weeks ago
What Electricity Sources Power the World?
Mining7 days ago
200 Years of Global Gold Production, by Country
Markets3 weeks ago
The 25 Worst Stocks by Shareholder Wealth Losses (1926-2022)
United States6 days ago
Mapped: How Much Does it Take to be the Top 1% in Each U.S. State?
Technology3 weeks ago
Visualizing Google’s Search Engine Market Share
Markets6 days ago
Charted: What are Retail Investors Interested in Buying in 2023?
Money3 weeks ago
Visualized: How Long Does it Take to Double Your Money?
Markets4 days ago
The $109 Trillion Global Stock Market in One Chart