Tesla's Elon Musk tops the list of America's highest paid CEOs by state with $2.3 billion in earnings last year

  • Elon Musk was the highest paid CEO last year with nearly $2.3 billion in earnings
  • Next highest paid chief executive was Discovery's David M. Zaslav who made $129 million 
  • The results were part of a study that examined CEO compensation from 200 publicly traded companies
  • In a separate study carried out by the same data firm, Musk topped the list of highest paid CEOs by state 
  • Following behind Musk (California) and Zaslav (Maryland) was T-Mobile's John Legere in Washington with $66.5 million 

Tesla CEO Elon Musk made more money in 2018 than the next 65 highest paid chief executives, according to a new study.

Musk was the highest paid CEO last year with nearly $2.3 billion in earnings and the next highest paid boss was Discovery's David M. Zaslav who made $129 million, a New York Times commissioned study found. 

The study, carried out by executive data firm Equilar, examined CEO compensation from 200 large publicly-traded companies. 

Musk's 2018 earnings mostly came in the form of stock options from his company.

Tesla's Elon Musk was the highest paid CEO last year with nearly $2.3 billion in earnings and the next highest paid boss was Discovery's David M. Zaslav who made $129 million

Tesla's Elon Musk was the highest paid CEO last year with nearly $2.3 billion in earnings and the next highest paid boss was Discovery's David M. Zaslav who made $129 million

The Tesla CEO remained on top in a separate study carried out by the same data firm that instead calculated the top paid CEOs by state across the country. 

Following behind Musk (California) and Zaslav (Maryland) was T-Mobile's John Legere in Washington with $66.5 million and computer software company PTC's James Heppelmann in Massachussetts with $50 million. 

At Home Group's Lewis Bird III in Texas earned $43.1 million, Virginia construction company NVR's Paul Saville earned $39.1 million, Comcast's Brian Roberts in Pennsylvania earned $35 million and JPMorgan Chase's James Dimon in New York earned $30 million.   

The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between January 1 and April 30. 

Discovery's David M. Zaslav of Maryland made $129 million
T-Mobile's John Legere in Washington made $66.5 million

Discovery's David M. Zaslav of Maryland came in second after making $129 million and T-Mobile's John Legere in Washington came in third with $66.5 million in earnings

Massachusetts: James Heppelmann, PTC, $50 million
Texas: Lewis Bird III, At Home Group, $43.1 million

PTC's James Heppelmann of Massachusetts came in fourth with $50 million while Lewis Bird III from the At Home Group in Texas finished next with $43.1 million in earnings  

Pennsylvania: Brian Roberts, Comcast, $35 million
New York: James Dimon, JPMorgan Chase, $30 million

Comcast's Brian Roberts in Pennsylvania made $35 million and JPMorgan Chase's James Dimon in New York earned $30 million

Missouri: Michael Neidorff, Centene, $26.1 million
Minnesota: James Cracchiolo, Ameriprise Financial, $24.8 million

Centene's Michael Neidorff in Missouri made $26.1 million while James Cracchiolo of Ameriprise Financial in Minnesota earned $24.8 million

Not every state has such a company headquartered there. 

The survey includes only CEOs who have been in place for at least two years, but it does not limit the survey to companies in the S&P 500. That's why it includes such CEOs as Tesla's Elon Musk.

To calculate CEO pay, Equilar adds salary, bonus, stock awards, stock option awards, deferred compensation and other components that include benefits and perks. 

For some companies, big raises can occur when CEOs get a stock grant in one year as part of a multi-year grant.

Median pay for S&P 500 CEOs was $12 million last year. 

THE HIGHEST PAID CEOs BY STATE: 

Alabama: J. Thomas Hill, Vulcan Materials, $7.8 million  

Arizona: Richard Adkerson, Freeport-McMoRan, $14 million

Arkansas: C. Douglas McMillon, Walmart, $23.6 million

California: Elon Musk, Tesla, $2.28 Billion

Colorado: Gregory Maffei, Liberty Media, $20.2 million

Connecticut: Glenn Fogel, Booking Holdings, $20.5 million

Delaware: Hervé Hoppenot, Incyte, $9.3 million

Washington, D.C.: Thomas Joyce, Jr., Danaher, $15.4 million

Florida: Frank Del Rio, Norwegian Cruise Line Holdings, $22.6 million

Georgia: Martin Richenhagen, AGCO, $18.6 million

Hawaii: Constance Lau, Hawaiian Electric Industries, $5.7 million

Idaho: Darrel Anderson, IDACORP, $4.5 million

Illinois: Miles White , Abbott Laboratories, $24.3 million

Indiana: David Ricks, Eli Lilly, $15.7 million

Iowa: Daniel Houston, Principal Financial Group, $10.5 million

Kansas: Thomas Gentile III, Spirit AeroSystems, $9.9 million

Kentucky: William Carstanjen, Churchill Downs, $21.1 million

Louisiana: Leo Denault, Entergy, $9.3 million

Maine: Jonathan Ayers, IDEXX Laboratories, $6.8 million

Maryland: David Zaslav, Discovery, $129.5 million

Massachusetts: James Heppelmann, PTC, $50 million

Michigan: Mary Barra, General Motors, $21.9 million

Minnesota: James Cracchiolo, Ameriprise Financial, $24.8 million

Mississippi: Joe Sanderson, Jr., Sanderson Farms, $4.2 million

Missouri: Michael Neidorff, Centene, $26.1 million

Nebraska: Lance Fritz, Union Pacific, $12.8 million

Nevada: Sheldon Adelson, Las Vegas Sands, $24 million

New Hampshire: Timothy McGrath, PC Connection, $4.5 million

New Jersey: Kenneth Frazier, Merck, $20.9 million

New Mexico: Patricia Collawn, PNM Resources, $4.8 million

New York: James Dimon, JPMorgan Chase, $30 million

North Carolina: Brian Moynihan, Bank of America, $22.5 million

North Dakota: David Goodin, MDU Resources Group, $4.1 million

Ohio: Gary Heminger, Marathon Petroleum, $18.9 million

Oklahoma: Harold Hamm, Continental Resources, $13.3 million

Oregon: Bryan DeBoer, Lithia Motors, $5.5 million

Pennsylvania: Brian Roberts, Comcast, $35 million

Rhode Island: Larry Merlo, CVS Health, $21.9 million

South Carolina: John Williams, Domtar, $8 million

South Dakota: David Emery, Black Hills , $4.1 million (left company on Dec. 31, 2018)

Tennessee: R. Milton Johnson, HCA Healthcare, $20.1 million (left company on Dec. 31, 2018)

Texas: Lewis Bird III, At Home Group, $43.1 million

Utah: Joseph Margolis, Extra Space Storage, $4.4 million

Virginia: Paul Saville, NVR, $39.1 million

Washington: John Legere, T-Mobile US, $66.5 million

Wisconsin: Jeffery Yabuki, Fiserv, $12.4 million

 

 

Advertisement

Tesla's Elon Musk tops the list of America's highest paid CEOs by state

The comments below have not been moderated.

The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

We are no longer accepting comments on this article.