Elon Musk signs world's largest salary deal, expected to pay ₹83 lakh crore; how much do the top 10 CEOs earn?

News Topical, Digital Desk : The world's richest man, Elon Musk, is now close to achieving another record. Tesla shareholders recently approved a historic pay package that could make Musk the world's first trillionaire.

If Musk meets his stated performance targets over the next 10 years, he could receive shares worth nearly $1 trillion (approximately ₹83 lakh crore). This sum is so large that it exceeds the GDP of 183 out of 190 countries in the world.

The earnings of other top CEOs are far behind Musk.

According to a Reuters report, the world's top 10 CEOs in 2024 earned significantly less than Musk. Here are their annual earnings (in dollars and Indian rupees): All of these include share awards and bonuses, but Musk's package is many times larger than all of them.

New deal 18 times bigger than 2018

Musk's new pay package is nearly 18 times larger than his $56 billion deal from 2018. This time, Tesla has decided to reward him with a sum that is equal to the company's current market value.

Musk's net worth is currently around $460 billion ( ₹38 lakh crore), which is linked to Tesla, SpaceX , and his AI company , xAI . If this new plan is implemented, Musk's wealth could be equivalent to the economies of several countries.

75% of shareholders voted in favor of Musk

This decision has been a topic of intense debate among investors for the past few weeks. Many questioned whether it was appropriate to award such a large sum to a single individual. Nevertheless, more than 75% of shareholders voted in favor of Elon Musk. The voting took place at Tesla's annual meeting in Austin, Texas, where investors ranging from small to large funds participated.

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