7. Jon Winkelried, TPG: $295 million
Winkelried has been the CEO of private equity firm TPG (TPG +1.59%) since 2015. The company went public in 2022 and has since more than doubled its stock price under Winkelried's leadership.
Winkelried earned a salary of $509,615 in 2023, plus stock awards of $189 million and other compensation of $13 million. The remaining $100 million or so came from the value-related adjustments required to calculate the compensation actually paid.
8. Jeff T. Green, The Trade Desk: $291 million
Green founded the digital advertising firm The Trade Desk (TTD +3.36%) in 2009 and took the company public in 2016. Adjusting for a split in 2021, The Trade Desk stock traded below $5 in its early days. It now tops $100. Green earned a salary of $1 million in 2023 plus $4.7 million in nonequity incentive compensation. Options and stock awards comprise the remaining value in his compensation package.
Green's net worth is estimated to be $4.3 billion. As with other executives on this list, he has committed via the Giving Pledge to donate 90% of his wealth during his lifetime or at his death.
9. Adam Foroughi, AppLovin: $271 million
Foroughi is the co-founder and CEO of mobile game maker AppLovin (APP -2.39%). He funded the company between 2011 and 2018 before receiving $400 million in capital from private equity firm KKR (KKR +2.25%). AppLovin went public in 2021 and has more than doubled in value since.
Foroughi's 2023 salary was $400,000, so he earns the bulk of his pay from equity awards. His estimated net worth is $5.2 billion.
10. Nikesh Arora, Palo Alto Networks: $266 million
Arora has been chairman and CEO of cybersecurity provider Palo Alto Networks (PANW +5.01%) since mid-2018. Under his leadership, the company has increased its value by more than 400%.
Arora's salary for the fiscal year ending in July 2024 was $1 million. He also earned $1.2 million in nonequity incentive plan compensation and $1.6 million in other compensation. As with most of the highly paid CEOs on this list, equity awards comprise the bulk of his pay package.