How much does the CEO of McLaren make?
Executive compensation: As mentioned in the opening paragraph, McLaren Racing paid its CEO, Zak Brown, $50 million last year. This was a considerable jump from the $35 million Brown was paid in 2023, presumably because he helped McLaren win its first Formula 1 championship in 26 years. This wealth is attributed to his successful career in motorsport marketing, his role at McLaren, and his various business ventures. As a prominent figure in Formula 1, Brown’s financial success reflects not only his personal achievements but also the broader trends within the sport.
Who is the no. CEO in the world?
Elon Musk is the highest paid CEO in the world with earnings around $23. Following him are other big names like Tim Cook of Apple, Sundar Pichai of Alphabet (Google’s parent company), Jensen Huang of Nvidia, and Reed Hastings of Netflix. Elon Musk, already the world’s richest man, is on track to potentially become the first trillionaire within the next decade after Tesla shareholders approved a pay package that could propel the CEO’s wealth into the 13-digits if he meets a set of lofty corporate quotas.Tesla shareholders approved a $1 trillion pay package for Elon Musk over the next 10 years. That averages to $100 billion per year.Elon Musk in 1998 – age 28 – sells Zip2 for $307 million and makes his first big purchase a McLaren F1 for $1 million. This is 6 years prior to Musk’s $6. A-round Tesla investment.
How much does McLaren CEO make?
Executive compensation: as mentioned in the opening paragraph, mclaren racing paid its ceo, zak brown, $50 million last year. This was a considerable jump from the $35 million brown was paid in 2023, presumably because he helped mclaren win its first formula 1 championship in 26 years. mclaren ceo zak brown took home a hefty £37. Woking outfit claimed its first formula 1 constructors’ championship title since 1998, according to bloomberg.Zakary Challen Zak Brown (born November 7, 1971) is an American motorsports executive. He is the chief executive officer of McLaren Racing. Born and raised in California, Brown raced professionally around the world for ten years before focusing on motorsport’s business and commercial worlds.In 1984, a teenage Zak Brown won $3,050 on Wheel of Fortune and used it to buy a go-kart. That small decision sparked a lifelong career in racing, eventually leading him to become the CEO of McLaren. Sometimes, the road to greatness begins with a single lucky spin.