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

Shankh Mitra, the Indian-origin chief executive of real estate investment trust Welltower, earned $821 million in total compensation in 2023, placing him just behind Tesla CEO Elon Musk in executive pay rankings.

Mitra's compensation package included stock awards and options, reflecting the company's strong performance. Welltower, which focuses on healthcare infrastructure, saw its stock rise significantly during the year.

The pay package has drawn attention for its size, with Mitra's earnings far exceeding those of most other CEOs. His compensation was more than double that of the next highest-paid CEO after Musk.

Mitra, who became Welltower's CEO in 2020, has overseen a period of growth for the company. His compensation is tied to long-term performance metrics, including total shareholder return.

The disclosure of Mitra's pay comes amid ongoing debate about executive compensation in the United States, where CEO pay has risen sharply in recent years.