Magnificent Seven Median Employee Pay in 2023

What We’re Showing

The median employee pay of Magnificent Seven companies in 2023. Data comes from MyLogIQ via The Wall Street Journal and Microsoft SEC filings.

Key Takeaways

• Following thousands of job cuts across four rounds of layoffs which started in November 2022, Meta leads the pack. In 2023, employees earned a median pay of $379,060—up from $296,320 in the previous year. Since 2013, founder and CEO of Meta, Mark Zuckerberg, has earned $1 in salary, but raked in $24.2 million in “other compensation” in 2023.
• Thanks to its booming share price which increased 239% in 2023, Nvidia’s median pay across 26,196 employees in 2023 increased 17% over the year, reaching $266,939.
• At Tesla, the median salary for employees falls significantly below the national median pay, at $45,811. The automotive sector is notorious for high wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee salary.
• Amazon's median pay is much lower than other companies in this comparison because of the large amount of non-tech workers (e.g. fulfillment centers) employed by the company.