Fortune: Elon Musk made $23.5 billion in 2021 — 13 times more than the CEOs of Apple, NVIDIA and Netflix combined

Fortune: Elon Musk made $23.5 billion in 2021 — 13 times more than the CEOs of Apple, NVIDIA and Netflix combined

Fortune Features has released its 2021 list of the richest CEOs in the world. Elon Musk, chief executive of SpaceX and Tesla, topped the Fortune 500 list. He became $23.5 billion richer last year.

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The founder and CEO of SpaceX and Tesla received huge compensation as a result of exercising some Tesla stock options granted in 2018. This year, Tesla was ranked 65th on the Fortune 500. The company achieved success last year, generating $53.8 billion in revenue, up 71% from 2020, and significantly expanded its footprint in key markets. Europe and China. In 2021, Tesla delivered 936,000 vehicles, an 87% increase, placing the company at the top of the global electric vehicle industry with a 14% market share.

But Tim Cook came in second with $770.5 million. He became CEO of Apple in 2011. Last year, Cook made his fortune mostly off a $1.7 billion 10-year equity grant. The market value of the tech company has increased by $2.2 trillion during his time at the helm.

By the way, in 2020, Bloomberg wrote that the fortune of Apple CEO Tim Cook exceeded $1 billion . This happened after the company’s capitalization reached $2 trillion.

Third place in the Fortune 500 is occupied by NVIDIA co-founder Jensen Huang. During the last fiscal year, Huang received about $507 million in expiring options granted in 2011 and 2012, reflecting a roughly 60-fold increase in the company’s share price over the past decade.

In fourth place on the Fortune 500 is Reed Hastings, co-founder, CEO and chairman of Netflix. Under his leadership, the company has grown from a DVD mail-order service to an online streaming heavyweight. In 2021, Hastings earned $453.5 million.

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