Microsoft CEO Satya Nadella has amassed a staggering fortune of over $1 billion, thanks in large part to the company’s wise investment in OpenAI’s ChatGPT tool. Bloomberg conducted an analysis of Nadella’s earnings, taking into account his salary, bonuses, stock dividends, and equity grants disclosed in Microsoft’s public regulatory filings. In 2022 alone, the 55-year-old earned nearly $55 million. Nadella’s financial success aligns with Microsoft’s impressive stock performance since he assumed the role of CEO in 2014, with shares soaring more than 1,000% during that time, including a nearly 50% surge since the beginning of this year. Microsoft spokesperson Frank Shaw denied Bloomberg’s report, stating that Nadella does not have a net worth exceeding $1 billion. Unfortunately, further comments from Shaw were not available, and Microsoft has not yet responded to additional requests for comment from The Post.
Most of Nadella’s purported $1 billion wealth comes from equity grants linked to performance and tenure. The report also mentions that Nadella has periodically sold some of his company shares and gifted $20 million in stock to undisclosed beneficiaries. Notably, Microsoft made a $10 billion investment in OpenAI in January, a move widely regarded as providing the company an advantage over competitors like Google’s Alphabet in the race to develop advanced AI tools. Microsoft has seamlessly integrated OpenAI’s ChatGPT technology into its Bing search engine. Nadella has been an essential figure at Microsoft since 1992, climbing the ranks to become executive vice president of the cloud division before taking over as CEO from company legend and billionaire Steve Ballmer in 2014.
Bloomberg highlights that Nadella joins a select group of tech executives who have seen personal financial gains amid the industry’s boom in the past decade. For example, Apple CEO Tim Cook acquired billionaire status approximately nine years after assuming the top executive position at the iPhone manufacturer. Similarly, Google CEO Sundar Pichai has enjoyed significant payouts, surpassing $200 million on three separate occasions through a lucrative stock-based compensation plan. These substantial CEO paydays have raised concerns among some tech industry workers, especially as major companies implemented widespread layoffs and cost-cutting measures over the past year. In June, Microsoft employees reportedly criticized Nadella for celebrating the company’s “landmark year” shortly after cutting 10,000 jobs.
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