JP Morgan CEO salary will rise to $36 million in 2023

JPMorgan paid $36 million in salary to its CEO, Jamie Dimon, for 2023, which represents a 4% increase from 2022 levels.

The increase in the CEO’s salary came after a year in which JP Morgan achieved record profits of $50 billion, becoming the most profitable of any American bank.

The bank said in a statement: The annual compensation reflects Dimon’s management of the organization amid growth across its market-leading business lines, record financial results, and a strong balance sheet.

Damon received a base salary of $1.5 million and a bonus of $34.5 million, compared to a salary of $34.5 million in 2022.

Dimon usually tops the salaries of the heads of major American banks, and Forbes estimates his wealth at $1.9 billion, most of which are shares within the bank.

The bank recorded revenues of $39.94 billion in the fourth quarter of 2023, a level higher than expectations of $39.78 billion, but net profits declined by about 15%.

Dimon has been repeatedly linked to high-level positions in Washington, where his name has surfaced as a potential Treasury Secretary during President Obama’s term. Billionaire Warren Buffett even endorsed Dimon in 2012, claiming he would be the best candidate for the job.