Former Tesla CFO Zachary Kirkhorn amassed a net worth of $590 million during his four-year tenure. The amount includes mostly Tesla stock and compensation, although they were described as relatively modest for Kirkhorn’s worth.
It is noted that his earnings in 2022 were $300,000, according to Tesla’s filing with the US Securities and Exchange Commission. At the same time, the fortune amassed by the outgoing CFO is too small compared to that of CEO Elon Musk, whose net worth of roughly $223 billion is the largest in the world.
It is noted that Kirkhorn and other Tesla executives were not included in the huge pay package that Tesla’s board of directors awarded Musk in 2018, which accelerated his path to the top of the global wealth rankings.
Before joining the automotive industry, he worked as an analyst at McKinsey and also at Microsoft. When he took over as CFO in 2019, Tesla was valued at $50 billion, and today, its value is estimated at $773 billion. Before Kirkhorn became CFO, Tesla had a long history of losses and occasionally burned through more than $1 billion in cash per quarter.
Zachary Kirkhorn shared on LinkedIn, “This morning, Tesla announced that I’ve stepped down from my role as Chief Financial Officer, succeeded by our Chief Accounting Officer, Vaibhav Taneja. Being a part of this company is a special experience, and I’m extremely proud of the work we’ve done together since I joined over 13 years ago. As I shift my responsibilities to support this transition, I want to thank the talented, passionate, and hard-working employees at Tesla who have accomplished things many thought were not possible. I also want to thank Elon for his leadership and optimism, which has inspired so many people.”
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