America’s highest-paid CEOs are collecting pay packages worth tens or even hundreds of millions of dollars as AI-fueled stock gains and soaring corporate valuations continue reshaping executive compensation across the country. According to AFL-CIO Paywatch data, average CEO pay at S&P 500 companies hit $18.9 million while the median US worker earned $49,500.
For some executives, one year of pay now exceeds what many workers would earn over several lifetimes.
Most CEO pay now comes through stock awards and equity packages tied to company performance rather than salary alone. The rankings below are based on disclosed 2024–2025 compensation filings.
Top 10 Highest-Paid US CEOs in 2026
| Rank | CEO | Company | Reported Compensation |
|---|---|---|---|
| 1 | Brad Jacobs | QXO | $189.3 million |
| 2 | Peter Gassner | Veeva Systems | $172.4 million |
| 3 | Patrick Smith | Axon Enterprise | $164.5 million |
| 4 | Sridhar Ramaswamy | Snowflake | $101.3 million |
| 5 | Brian Niccol | Starbucks | $95.8 million |
| 6 | Lawrence Culp | General Electric | $88.9 million |
| 7 | Michael Arougheti | Ares management | $85.3 million |
| 8 | Stephen Schwarzman | Blackstone | $84 million |
| 9 | Satya Nadella | Microsoft | $79.1 million |
| 10 | Tim Cook | Apple | $74.6 million |
1. Brad Jacobs — QXO
Reported Compensation: $189.3 million
Brad Jacobs led the rankings after receiving one of the largest executive pay packages disclosed in corporate America. Most of the payout came through stock awards tied to aggressive expansion targets as QXO pushes deeper into the building-products market.
Jacobs is known for rapidly scaling businesses through acquisitions, a strategy that has repeatedly turned him into one of Wall Street’s most closely watched dealmakers.
2. Peter Gassner — Veeva Systems
Reported Compensation: $172.4 million
Peter Gassner helped build Veeva Systems into a major software provider for the pharmaceutical and life sciences industries.
His package was heavily tied to stock awards as cloud software and healthcare technology companies continued attracting strong market demand.
3. Patrick Smith — Axon Enterprise
Reported Compensation: $164.5 million
Axon’s rapid expansion into AI-powered policing technology pushed Patrick Smith into the upper tier of executive pay.
The company moved far beyond Tasers into surveillance systems, cloud evidence storage and public-safety software, helping fuel a major rally in its stock price.
4. Sridhar Ramaswamy — Snowflake
Reported Compensation: $101.3 million
Sridhar Ramaswamy crossed into nine-figure territory during his first full year running Snowflake, one of the most valuable cloud-data companies in the AI economy.
As businesses race to process larger volumes of AI data, firms controlling cloud infrastructure have become some of the market’s biggest winners.
5. Brian Niccol — Starbucks
Reported Compensation: $95.8 million
Brian Niccol landed among America’s top-paid CEOs after stepping into Starbucks during a difficult stretch marked by slowing sales, labor disputes and operational pressure.
His package reflected Wall Street’s expectation that he could stabilize growth and revive momentum at one of the world’s most recognizable consumer brands.
6. Lawrence Culp — General Electric
Reported Compensation: $88.9 million
Lawrence Culp continued cashing in on General Electric’s long-running corporate overhaul as the company regained traction across aerospace and industrial operations.
A large portion of his package depends on stock-performance milestones tied to GE’s restructuring strategy.
7. Michael Arougheti — Ares management
Reported Compensation: $85.3 million
Private credit has exploded into one of Wall Street’s fastest-growing businesses, helping lift Michael Arougheti’s pay package at Ares Management.
As traditional banks retreat from parts of the lending market, giant investment firms have stepped in aggressively.
8. Stephen Schwarzman — Blackstone
Reported Compensation: $84 million
Stephen Schwarzman remained near the top of executive-pay rankings as Blackstone expanded further across private equity, real estate and credit markets.
The boom in alternative investing has created enormous wealth for top finance executives over the past decade.
9. Satya Nadella — Microsoft
Reported Compensation: $79.1 million
Microsoft’s aggressive AI push helped cement Satya Nadella as one of the most influential executives in global technology.
The company’s partnership with OpenAI and its rapid AI rollout across products and cloud services drove massive investor enthusiasm around Microsoft’s future growth.
10. Tim Cook — Apple
Reported Compensation: $74.6 million
Tim Cook rounded out the rankings as Apple navigated slowing smartphone demand, rising AI competition and ongoing supply-chain pressures.
Even during a tougher stretch for consumer electronics, Apple remained one of the world’s most valuable companies, keeping Cook’s stock-based pay package at enormous levels.
Why CEO Pay Keeps Climbing
Executive compensation has become increasingly tied to stock performance rather than fixed salaries.
Corporate boards argue the structure rewards long-term performance and aligns CEOs with shareholder interests. Critics counter that executive wealth often keeps surging even while companies cut jobs, automate workforces or reduce costs elsewhere.
AI has intensified the trend. Huge amounts of money have flowed into semiconductors, cloud computing, cybersecurity and AI infrastructure, triggering major rallies across technology stocks and sharply increasing the value of executive equity awards.
Worker wages have risen far more slowly. Average CEO pay at S&P 500 companies climbed 7% while median worker pay increased just 3%, highlighting the growing divide between executive compensation and ordinary earnings.
That widening divide is becoming one of the defining economic tensions inside corporate America.
FAQ
Who is the highest-paid US CEO in 2026?
Brad Jacobs currently tops the rankings with a disclosed compensation package worth roughly $189.3 million.
How much more do CEOs make than workers?
AFL-CIO data shows average CEO compensation at S&P 500 companies reached $18.9 million while the median US worker earned $49,500.
Why do CEOs get paid mostly in stock?
Most major corporations tie executive pay to stock performance so company leaders benefit directly when shareholder value rises.
Is Elon Musk the highest-paid CEO?
Potentially. Elon Musk has compensation structures that can exceed traditional executive packages, although they are often treated separately from standard annual pay disclosures.
Which industries have the highest-paid CEOs?
Technology, AI infrastructure, cloud computing, cybersecurity, finance and private investment firms currently dominate executive-pay rankings.
