| It thought the CEO of a company is not ultra wealthy by a longshot. He's just an employee, well connected, ex-banker or ex-consulting who happens to be a multi-millionaire. Great gig if you can get it, especially if you avoid divorce -or death from stress.. or murder. The founder of a company -who may or may not be be CEO- is where the the money is at. That's where the value-creation is, and where the ultra wealthy reside. They also usually have somewhat functional families. But I wanted to answer this question objectively, so here's what I did: I suppose you can start with a definition of ultrawealthy[1] which is $30m assets minus primary residence. That seemed low to me, but its on wiki, so OK. Median CEO pay for publicly listed companies was 16.3M, gross. [2] . Take 50% off the top for taxes (US-avg so aggressive), then you are around ~$8M , before expenses. Factor expenses of $1M (probably low, considering consumption goes up relative to income), that means $7M for assets, meaning the avg CEO is working about 5 years to become hit ultra wealth. However, the average tenure for a CEO is 4.8 years [3] So i suppose a few of the CEOs are eventually making it into the ultra rich, if they can outlast the average tenure on the job. I stand corrected. [1] [1] https://en.wikipedia.org/wiki/High-net-worth_individual [2]
https://www.resourcefulfinancepro.com/wp-content/uploads/202... [3] https://corpgov.law.harvard.edu/2023/08/04/ceo-tenure-rates-... |
If they were content to be salaried CEOs, then no.