Microsoft CEO Satya Nadella’s earnings high $1B as ChatGPT drives inventory surge: report

Microsoft boss Satya Nadella has reportedly raked in additional than $1 billion in compensation on the firm – a private fortune bolstered by the tech large’s prescient funding in OpenAI’s ChatGPT device.

Bloomberg calculated Nadella’s windfall by tallying his wage, bonuses, inventory dividends and fairness grants that had been disclosed in Microsoft’s public regulatory filings.

He earned nearly $55 million in 2022 alone.

The 55-year-old’s earnings bonanza has coincided with a interval of large success for Microsoft’s inventory since Nadella took over as CEO in 2014.

Shares have risen greater than 1,000% over that interval, together with a surge of almost 50% for the reason that begin of this 12 months.

Microsoft spokesperson Frank Shaw pushed again on the report, telling Bloomberg that Nadella “doesn’t have web value of a billion {dollars} or extra.”

Shaw reportedly declined additional touch upon the matter.

Microsoft didn’t instantly return The Put up’s request for remark.

Nearly all of Nadella’s purported $1 billion windfalls is derived from fairness grants tied to efficiency and repair time.

The report stated Nadella has “periodically offered a few of his shares” within the firm and gifted $20 million in inventory to undisclosed beneficiaries.

In January, Microsoft notably invested $10 billion in OpenAI, whose ChatGPT device has exploded in recognition on account of its means to generate human-like response to all kinds of consumer prompts.

The funding is extensively seen as having given Microsoft a leg up on rivals akin to Google mother or father Alphabet within the race to develop superior AI instruments.

Microsoft has built-in OpenAI’s ChatGPT expertise with its Bing search engine.

Nadella has labored at Microsoft since 1992, elevating to the extent of govt vp of its cloud division earlier than changing firm legend and billionaire Steve Ballmer as CEO in 2014.

Bloomberg famous that Nadella has reached rarified standing amongst tech executives who’ve personally benefitted from the sector’s increase over the past decade.

The report acknowledged that Apple CEO Tim Cook dinner had grow to be a billionaire roughly 9 years after he grew to become the iPhone maker’s high govt.

Elsewhere, Google CEO Sundar Pichai is among the industry’s big winners, having earned payouts that topped $200 million on three separate events because of a profitable stock-based compensation plan.

The huge CEO paydays have rankled some tech trade employees as main corporations enacted sweeping layoffs and different cost-cutting measures over the past 12 months.

In June, Microsoft employees reportedly criticized Nadella for touting the company’s “landmark year” months after slashing 10,000 jobs.