Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (2024)

Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (1) Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (2)
  • JPMorgan Chase reported the largest annual profit of any US bank ever in 2023.
  • The bank's board increased CEO Jamie Dimon's pay by 4% to $36 million.
  • Most of the CEO's compensation is in the form of stock.

Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (3)

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Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (5)

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What a year for JPMorgan Chase: a $49.6 billion profit for 2023 that was a record for any bank in US history and a hugely beneficial rescue deal for First Republic.

So it's probably not surprising that its longtime CEO, Jamie Dimon, is getting a raise from the bank's board, a 4% bump, to $36 million, for 2023. The bank disclosed Dimon's compensation in a securities filing on Thursday.

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His pay consists of an annual base salary of $1.5 million, $5 million in cash, and $29.5 million in performance share units, according to the filing.

Dimon's compensation was $34.5 million for both 2022 and 2021.

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"The annual compensation for 2023 reflects Mr. Dimon's stewardship of the firm, with growth across all of its market leading lines of business, record financial results and a fortress balance sheet," the bank said in the filing. "In addition, the firm successfully navigated and supported its clients and customers through the regional bank turmoil as well as completed the acquisition of First Republic.

The compensation disclosure follows October's announcement that Dimon plans to sell shares of JPMorgan for the first time since becoming CEO in 2005. One banking analyst, Mike Mayo of Wells Fargo, noted at the time that the planned sale was "a reminder that the CEO is getting closer to retirement," CNBC reported.

Dimon, the longest-serving Wall Street bank chieftain, turns 68 in March.

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Watch: We asked Jamie Dimon why JPMorgan is forming a new healthcare company with Amazon and Berkshire Hathaway — here's what he said

Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (6)

Jamie Dimon gets $36 million in compensation after historic year for JPMorgan (2024)

FAQs

Jamie Dimon gets $36 million in compensation after historic year for JPMorgan? ›

JPMorgan Chase reported the largest annual profit of any US bank ever in 2023. The bank's board increased CEO Jamie Dimon's pay by 4% to $36 million. Most of the CEO's compensation is in the form of stock.

Did JPMorgan Chase raises CEO Jamie Dimon's compensation to $36 million? ›

In an SEC filing seen by Fortune, JPMorgan's board approved a compensation increase from $34.5 million in 2022 to $36 million for 2023. The salary package is made up of a $1.5 million base pay and $34.5 million in performance-based variable incentive compensation.

What is the JPMorgan bonus for 2024? ›

Earn a bonus up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account (retirement or general) with qualifying new money by 7/19/2024. On J.P. Morgan Self-Directed Investing's Secure Website. How you earn it: Open a new J.P. Morgan Self-Directed Investing account.

How much did Jamie Dimon make last year? ›

Dive Brief: JPMorgan Chase paid CEO Jamie Dimon $36 million last year, according to a Securities and Exchange Commission filing Tuesday. His total pay got nearly a 4% boost from his compensation in 2021 and 2022 when he made $34.5 million for two consecutive years. “The annual compensation for 2023 reflects Mr.

How much does Jamie Dimon own of JPMorgan? ›

But none of the three have sold a significant percentage of their holdings. Dimon still directly owns about 8.7 million shares after his disposals.

Who is the highest paid CEO? ›

The highest-paid CEO in this year's study is Hock E. Tan of Broadcom, who was awarded a pay package totaling $161.8 million in 2023.

Why does Jamie Dimon make so much money? ›

Dimon is one of the few bank chief executives to have become a billionaire, largely because of his stake in JPMorgan Chase.

Does JPMorgan have a private jet? ›

JPMorgan Chase currently has four jets at Westchester Airport, two of which would be replaced by the 650's when they arrive in 2013, Dolphin said.

What is the highest paid job in JPMorgan? ›

What is the highest salary in JPMorgan Chase & Co.? The highest-paying job at JPMorgan Chase & Co. is a Managing Director with a salary of ₹121.0 Lakhs per year. The top 10% of employees earn more than ₹35 lakhs per year. The top 1% earn more than a whopping ₹62.07 lakhs per year.

What is Goldman CEO's salary? ›

N) , opens new tab CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday.

Who is the biggest shareholder of JPMorgan? ›

The largest shareholders of JPMorgan Chase are institutional investors: Vanguard Group, BlackRock, and State Street Corp. The largest individual shareholder is CEO Jamie Dimon.

Who owns the majority of Chase bank? ›

The ownership structure of JPMorgan Chase & Co. (JPM) stock is a mix of institutional, retail and individual investors. Approximately 55.44% of the company's stock is owned by Institutional Investors, 2.99% is owned by Insiders and 41.57% is owned by Public Companies and Individual Investors.

Who owns BlackRock and Vanguard? ›

Who owns BlackRock? BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

How much is Jamie Diamond worth? ›

Who did JPMorgan leave his money to? ›

Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont Morgan Jr.

How much money did JPMorgan have in today's money? ›

Upon his death in Rome on March 31, 1913, J.P. Morgan's net worth has been estimated to have been about $80 million. 211 In 2024 dollars, that's equivalent to about $2.5 billion.

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