US Rules the Roost for High-Paid Executives

    When it comes to the global economy, the United States is widely viewed as one of the most influential nations in the world.

    That status has clearly had a knock-on effect on the earning power of executives judging by a recent Betway Insider study into which places birth the most successful people.

    The highest-paid executives in the world was just one of ten categories scrutinised to determine where the most famous and noteworthy individuals are produced.

    The data revealed that the US stands head and shoulders above the rest for high-paid executives, with 70 of the world’s top 100 hailing from there.

    New York State provides 21 of that total, with almost half those from New York City including JPMorgan Chase chairman and chief executive officer, James Dimon.

    The 66-year-old has been the main man for JPMorgan Chase since 2005 having previously served on the board of directors of the Federal Reserve Bank of New York.

    Dimon has frequently been included on Time Magazine’s list of the world’s 100 most influential people and his net worth is estimated at around $1.7 billion.

    Fellow New Yorker Brian Cornell is also on the list of highest-paid executives having climbed to the top of the tree with the Target Corporation.

    He has also held prominent positions with Safeway, Michaels, Sam’s Club, PepsiCo Americas Foods, OfficeMax, The Home Depot and several other major businesses.

    Another state that has produced multiple multi-million earners is Pennsylvania, with a total of nine highly-paid executives born there.

    California, Maryland, Michigan, North Carolina and Ohio have also weighed in with there fair share, each producing three of the world’s wealthiest executives.

    While the US undoubtedly has a knack for filling up the rich list, plenty of other countries are adept at birthing high-flying executives.

    They include India, which boasts five of the world’s highest-paid executives, while Iran and Taiwan have each given the world three wealthy executives.

    Despite recently severing ties with the European Union, England leads the way on the continent in the highest-paid executive’s stakes.

    They include James Quincey, who is CEO of The Coca-Cola Company, and heir to the NewsCorp empire, Lachlan K Murdoch.

    Manchester-born Anthony J Wood, the CEO and founder of Roku Inc, is also on the list and unlikely to fall off it any time soon given the success of his company.

    Wood spent his formative years in England, before moving to the United States where he earned a bachelor’s degree in electrical engineering from Texas A&M University.

    He founded Roku in October 2002 and has since gone on to amass a massive fortune, with his current net worth estimated to be around $3bn.

    As of the fourth quarter of 2021, Roku reported a total of more than 60 million monthly active users in the US – the company’s highest monthly active user total of all time.

    Those figures prove that while being born in New York can be advantageous from a business perspective, cities in other countries are perfectly capable of producing high paid executives.

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