Entertaining mathematics: how much does the head of Xiaomi earn

The media loves to count other people's money, and especially if it concerns the head of one of the largest

smartphone manufacturers - Xiaomi.

How many?

So, judging by Xiaomi's annual report forHong Kong stock exchange, the founder and executive director of the company Lei Jun received about $1.5 billion over the year and deservedly became the highest paid employee of Xiaomi. The company modestly confirmed that Zun earns more than a billion yuan (about $150 million), but refused to give exact figures.

But let us note that the director receives these amounts not in “real” money, but in shares.

Almost as much as I received in a yearhead, was divided among the five highest paid top managers of Xiaomi. As a result, this is 60% of the total wage bill. In just one year, management compensation increased by 50%.

But it does not offend Xiaomi and ordinary employees. Now there are more than 16.5 thousand of them, and they received $3 billion in remuneration in 2018. In addition, over 12 months, the wage fund has grown 51 times.

For comparison:Over the past year, Apple CEO Tim Cook earned $15.7 million, while Twitter founder and CEO Jack Dorsey earned just 140 cents, for the first time since 2015. But there are no complaints about Twitter: Jack himself refused his salary in favor of the bright and comfortable future of the social network.

You may be interested

For those who don't make $1.5 billion or even $150 million, Xiaomi has a lot of useful and inexpensive little things on AliExpress:

  • USB charging cable with two connectors
  • metal stylish pen
  • inter-channel headphones
  • wireless mouse
  • car charger
  • LED nightlight with remote control