JPMorgan CEO Jamie Dimon got a 5% raise in 2017 --  here's how much he made

Chip Somodevilla / Getty Images
  • JPMorgan CEO Jamie Dimon took home $US29.5 million in 2017, a 5.4% boost compared to the previous year.
  • He helms the US’ largest bank, whose stock beat the S&P 500 index by 4 percentage points.

Jamie Dimon, CEO of JPMorgan Chase, got a raise of 5.4% in 2017, putting his total compensation at $US29.5 million, Bloomberg News reports.

Much of Dimon’s pay is pegged to the stock price of the bank he has spent 14 years with. In 2017, shares of JPMorgan gained 22.60% compared to the S&P 500 benchmark’s 18.42%.

The 61-year-old’s net worth is currently hovering near $US1.7 billion, according to Bloomberg’s billionaire index. Dimon currently owns 7,427,941 shares of the bank, regulatory filings show.

JPMorgan this week reported earnings that beat Wall Street expectations, bringing in $US1.76 per share compared to analysts’ expected $US1.69, despite a $US2.4 billion hit from the new tax law that was also higher than analysts expected.

Surprisingly, it’s not his highest pay year. In 2007, just before the financial crisis, Dimon took home $US49.9 million.


You can track JPMorgan’s stock price in real-time on Markets Insider here>>

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.