If you are wondering how much business men make in the United States, you are not alone. The average annual salary for a CEO in the US is about $91.3 billion. Bill Gates is estimated to be worth $91.3 billion. Other people making large sums of money include Justin Bajan who owns an ad agency and has an estimated net worth of $9.2 million.
Average annual CEO salary in US companies
The annual CEO salary in US companies has been steadily increasing over the past fifteen years. In fact, the top executives in the country have received more than double the average compensation of their peers over a five-year period.
The median pay for ceos in the US is $91,459, while the top earners make nearly a million dollars. This data is compiled by Kaplan 2012b, which tracks executive compensation over a three-year period.
One of the key trends in the overall growth of inequality is the rising earning power of the CEOs. As of 2020, the average top earner made seven times the income of the average worker, a ratio that is just getting close to matching that of the 1980s.
According to EPI, the average annual CEO salary in US companies has been relatively consistent over the last five-and-a-half decades. However, the growth of this pay has gotten more variable as time has gone by.
For example, when the stock market bubble burst in the early 2000s, the average CEO pay took a big hit. While the Dow Jones Industrial Average rose more than four hundred percent over the same period, real average CEO compensation fell almost forty-nine percent.
A major exception to this trend was the mid-1960s, when the average pay for a ceo was about twenty to thirty-five times the average for a worker. But over the past 50 years, average pay for CEOs has generally exceeded the growth of the S&P 500 Index.
Justin Bajan’s decision to start his own ad agency
What is the best time to start an advertising agency? The question was a constant companion and a fulltime job in the industry for a while. Luckily, the aforementioned challenges were stifled with a bit of planning and patience. Having said that, a plethora of marketing opportunities abound in and around Richmond, Virginia. Those fortunate enough to land a spot on the proverbial hot seat are rewarded with the opportunity to make the most of their time and talents. One of the more important perks is the opportunity to build a name for oneself in the process. Of course, this is no small feat when you have a family to keep track of. So, if you are thinking about quitting your day job to start your own ad agency, keep in mind that a family is not a crime. The competition will be tough but the rewards will be a welcome respite from the everyday stresses of work life balance. Moreover, you will have an opportunity to build your network of friends and colleagues and expand your horizons by putting your sock in front of the masses.
Bill Gates’ estimated net worth of $91.3 billion
Bill Gates is the co-founder of Microsoft. He also is one of the most successful individuals in history, with a net worth of over $91.3 billion. In addition to his tech business, he has invested in several companies. Besides Microsoft, he owns shares in Walmart, UPS, Waste Management, Inc., and Berkshire Hathaway.
The Bill and Melinda Gates Foundation is the world’s largest charitable foundation. It has contributed more than US$36 billion to various charities. Aside from its charitable efforts, the foundation aims to reduce extreme poverty around the world.
Gates has made several donations to the foundation. One of his biggest contributions was a payment of US$3.3 billion to the foundation in 2004. Other notable donations include the US$1.5 billion donation from Warren Buffet in 2010.
Gates was also part of the Giving Pledge. This pledge was established by Bill and Melinda Gates and Warren Buffet, committing to donate half their wealth to charity.
Since 1999, Gates has given away more than $31.1 billion in stock to his foundation. In July 2022, Gates announced a $20 billion gift.
In addition to his contributions to the foundation, Gates has also invested in a variety of companies. He owns a 492-acre ranch in Cody, Wyoming, as well as half of Four Seasons hotels across the globe.