CEOs vs Celebrities: Who Really Makes More Money?
It’s no secret that being a CEO and a celebrity brings in the big bucks. With multimillion-dollar deals and huge payouts, it’s not surprising to see people in these fields and professions consistently appearing on various rich lists. But, which of the two is the more lucrative career when earnings are considered?
Median CEO Pay
According to 2018 data, the median annual salary that an S&P 500 company CEO made is $12.4 million. Sounds impressive? Well, not quite, especially when compared to how much some A-listers are making for individual gigs alone.
For example, it’s reported that pop star Katy Perry was paid double that amount for appearing as a judge in the reality talent show, ‘American Idol’. Even more impressive is the $33 million Canadian diva Celine Dion took home for her Las Vegas stint.
It’s also important to note that there are plenty of outlier cases from that aforementioned median CEO salary. There are some billionaire CEOs who receive little to no payouts for performing their duties in the companies they manage. A good example is Jack Dorsey, who only got $1.40 last year as the CEO of Twitter.
Meanwhile, it’s another story on the other side of the spectrum…
Other Cases to Consider
Some CEO big earners’ annual payout can make that of top-earning celebrities look small. For example, Axon Enterprise’s Rick Smith received a whopping $246 million last year alone from the company best known for producing Taser. There’s also Bob Iger, chairman and CEO of The Walt Disney Company, who got $65.7 million in 2018. Though this one might not come as a surprise considering the consistent success that Disney-distributed films like the Avengers series, are enjoying.
A CEO’s annual payout may vary according to various factors. Some are paid in cash or base salaries alone, which means that regardless of the company’s performance, the executive will still receive the same amount in the end. Others are paid based on performance. This setup offers both risk and reward as a CEO’s fortune will be closely tied to that of their company’s success or failure.
In the end, it’s difficult to determine just which profession earns more. If the current valuation of CEOs’ companies is disregarded, it would appear that a couple of celebrities actually earn more in a year than their executive counterparts. Both award-winning actor George Clooney and reality star Kylie Jenner outearn other top-paid CEOs, for one.
However, looking closer at the source of the two celebs’ dollars, it would appear that a great part of their earnings actually comes from business ventures as well instead of entertainment or acting gigs. There’s also the fact that the 21-year-old Jenner serves as the CEO of Kylie Cosmetics, the company that helped her become the youngest self-made billionaire.
More in Rich & Famous
Don’t Throw Away Pocket Change! This Is How to Use It
We know that the pennies you get for change have almost no value and can rip your pockets and ruin your...November 30, 2022
Effective Ways to Become Debt-Free
As an adult, it is your ambition to become financially independent. You want to secure your future and have the financial freedom...November 25, 2022
Taking Your Business Online? Tips On How to Use Instagram for Business
Instagram has more than one billion monthly active users, less competition, and a more engaged audience than Facebook or Twitter. This...November 23, 2022
How to Make the Most out of Your Job Even If You Absolutely Hate It
If there’s one thing Kylie Jenner has taught us, it’s to follow your dreams. The makeup maven has proved that if you follow your heart...November 13, 2022
Some Hobbies To Get Engaged In During Leisure Time
More often than not, we take our leisure time for granted. We do not make the most out of it. What...November 10, 2022
Has Fame Really Gotten to These Celebs’ Heads? These Outrageous Hotel and Backstage Requests Will Prove It
Celebrities are often accused of exhibiting diva-esque behaviors as they become more and more successful. But is there actually any truth...November 9, 2022
Ariana Grande Slaps Forever 21 with $10-Million Lawsuit for a Very Serious Allegation
Whoever said money can’t solve your problems, must not have had enough to solve ‘em. Who remembers singing those words from...November 8, 2022
Exploring The World Of Embedded Finance: A Sustainable Business Model
As time goes by, the world is being introduced to new technology, new concepts, and new ideas, which further work to...November 7, 2022
Here’s How You Can Start Investing And Saving When You Don’t Have A Lot
Let’s be honest: investing is a privilege that only a few can do! Most people work to pay their bills and...November 7, 2022
You must be logged in to post a comment Login