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JPMorgan Chase boosted Jamie Dimon’s pay by 10 percent to $43 million for 2025, a record package for a long-serving chief executive.
In a regulatory filing Thursday, JPMorgan said Dimon, 69, was paid $1.5 million in base salary and a $41.5 million bonus. Dimon, who has run JPMorgan since 2006, is set to make $39mn in 2024. The bonus included $5mn cash and a stock award equivalent to $36.5mn.
JPMorgan reported full-year net income of $57 billion last year, down 2 percent from 2024, but still the second year in a row the bank has made more than $1 billion in profit per week. JPMorgan shares are up about 34 percent last year.
Dimon’s total net worth is estimated by Forbes at approximately $2.8 billion, the majority of which is in JPMorgan stock.
JPMorgan’s board of directors pointed to the bank’s record revenues last year as well as the “competitive environment” in determining Dimon’s pay.
“As part of their assessment and determination, the Board considered Mr. Dimon’s continued development of top executives for today and future leadership, his continued commitment to shareholders, and his long-standing exemplary leadership of a leading financial services firm,” the bank wrote in its filing.
Dimon is typically one of the highest paid executives in the banking industry. The question of his eventual successor remains a subject of constant speculation on Wall Street, although he says he has no immediate plans to step down.
The list of potential successors has evolved several times over the years and the current race is a trio of top executives: Douglas Patno and Troy Rohrbaugh, co-heads of JPMorgan’s giant commercial and investment bank, and Marianne Lake, who runs its Chase retail business.
The pay was disclosed the same day President Donald Trump filed a lawsuit against JPMorgan and Dimon, seeking at least $5 billion in damages over claims the bank wrongly closed his accounts for political reasons.
JPMorgan, the largest US bank with more than $4tn in assets, said the lawsuit had no merit.
Despite the lawsuit, the industry has benefited from the Trump administration’s regulatory agenda, which has helped boost the share prices of big US banks.
