Satya Nadella's salary increased by 63 percent.. How much is it now..?

Satya Nadella | Internet Desk: The salary of Satya Nadella, the CEO of the famous tech company Microsoft ( Microsoft ) has increased. He will receive a salary of 79.1 million dollars in the fiscal year 2024. The company stated this in its regulatory filing. This is a 63 percent increase over the $48.5 million received in fiscal year 2023.

In the financial year that ended in June, Microsoft jumped in growth. With this, the company's shares have gained around 31.2 percent. So Microsoft's market value has crossed 3 trillion dollars. As a result, Nadella's stock awards increased from 39 million dollars to 71 million dollars. The company is stepping up its efforts to excel in the artificial intelligence (AI) race. As part of that, ChatGPT's parent company has invested in OpenAI.

Nadella will receive a cash incentive of $5.2 million for his services at Microsoft, according to the company's filing. But that's less than the $10.7 million he's owed, an incentive that appears to have been dampened by several cybersecurity breaches this fiscal year. As for the salaries of company CEOs, Apple CEO Tim Cook will get a salary of 63.2 million dollars in 2023. Chip maker Nvidia CEO Jensen Huang will receive a salary of $34.2 million in 2024.