How Much does a Meg 7 Employee earn per year?
The median employee pay of Magnificent Seven companies in 2023. Data comes from MyLogIQ via The Wall Street Journal and Microsoft SEC filings.
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Key Takeaways
~Following thousands of job cuts across four rounds of layoffs which started in November 2022, $Meta Platforms(META.US$ leads the pack. In 2023, employees earned a median pay of $379,060—up from $296,320 in the previous year. Since 2013, founder and CEO of Meta, Mark Zuckerberg, has earned $1 in salary, but raked in $24.2 million in “other compensation” in 2023.
~Thanks to its booming share price which increased 239% in 2023, $NVIDIA(NVDA.US$ ’s median pay across 26,196 employees in 2023 increased 17% over the year, reaching $266,939.
~At $Tesla(TSLA.US$ , the median salary for employees falls significantly below the national median pay, at $45,811. The automotive sector is notorious for high wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee salary.
~ $Amazon(AMZN.US$ 's median pay is much lower than other companies in this comparison because of the large amount of non-tech workers (e.g. fulfillment centers) employed by the company.
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