Meet Shankh Mitra: Indian-Origin CEO Earning $821 Million, Just Behind Elon Musk

Shankh Mitra, the chief executive of a real estate investment trust, earned $821 million in 2023, making him the second-highest-paid CEO in the world, according to a recent report. His compensation package places him just behind Elon Musk, the CEO of Tesla and SpaceX.

Mitra, who is of Indian origin, leads a company that focuses on acquiring and managing single-family rental homes. His pay package includes salary, bonuses, and stock awards, with the bulk of his compensation tied to long-term incentives.

The CEO's earnings have drawn attention due to the significant gap between his compensation and that of other top executives. While Musk's earnings remain the highest, Mitra's $821 million payout highlights the growing wealth of executives in the real estate sector.

Mitra's compensation has sparked discussions about executive pay practices and income inequality. Critics argue that such high payouts are excessive, while supporters contend they reflect the value created for shareholders.

The report did not provide a detailed breakdown of Mitra's compensation but noted that it includes performance-based stock options. Mitra has been with the company since its founding and has overseen its expansion into one of the largest landlords of single-family homes in the United States.