Highest-paid CEOs of 2024 in U.S. financial services sector – report

Ares Management (ARES) CEO Michael Arougheti was the highest-paid CEO in the U.S. financial services sector in 2024, according to a report by S&P Global Market Intelligence.

Arougheti’s compensation nearly tripled to comprise of $62.6M in stock grants and $22.8M in cash, the report showed.

Blackstone (BX) CEO Stephen Schwarzman’s $84M cash pay was the second-highest compensation recorded for financial services chiefs last year.

However, Schwarzman’s 2024 pay is said to have declined by 29.9%.

KKR (KKR) Co-CEO Joseph Bae’s $73.1M cash compensation was the next on the list, followed by KKR Co-CEO Scott Nuttall’s $64.2M pay.

Last year’s three highest-paid CEOs in the financial services space were from the asset management sector, noted Market Intelligence data.

Next six highest-paid CEOs of 2024 from the asset management sector are as below:

• TPG (TPG) CEO Jon Winkelried – $32.8M
• BlackRock (BLK) CEO Laurence Fink – $30.8M
• Carlyle Group (CG) CEO Harvey Schwartz – $29.6M
• Ameriprise Financial (AMP) CEO James Cracchiolo – $26.5M
• Blue Owl Capital (OWL) Co-CEO Douglas Ostrover – $23.9M
• Blue Owl Capital (OWL) Co-CEO Marc Lipschultz – $23.9M

Highest-paid CEOs from the investment banks, brokers, and capital markets sector are:

• Goldman Sachs Group (GS) CEO David Solomon – $31.3M
• Perella Weinberg Partners (PWP) CEO Andrew Bednar – $27.4M
• Charles Schwab (SCHW) former CEO Walt Bettinger – $26.4M

Highest-paid CEOs from the specialty finance sector are:

• Capital One Financial (COF) CEO Richard Fairbank – $30.8M
• Synchrony Financial (SYF) CEO Brian Doubles – $18.8M
• Equitable Holdings (EQH) CEO Mark Pearson – $17.4M
• PROG Holdings (PRG) CEO Steven Michaels – $13.3M
• FirstCash Holdings (FCFS) CEO Rick Wessel – $12.1M
• Sallie Mae (SLM) CEO Jonathan Witter – $11.8M
• Dave (DAVE) CEO Jason Wilk – $11.7M
• OneMain Holdings (OMF) CEO Douglas Shulman – $11.3M
• HA Sustainable Infrastructure Capital (HASI) CEO Jeffrey Lipson – $8.4M
• PRA Group (PRAA) former CEO Vikram Atal – $7.5M