America's top banker Jamie Dimon was paid close to a BILLION dollars last year for running JP Morgan, eye-watering disclosure documents reveal
JPMorgan Chase Chief Executive Jamie Dimon raked in a staggering $770 million last year, according to jaw-dropping disclosure documents.
The 69-year-old billionaire's salary, bonuses, stock grants and appreciation equated to the astronomical sum, according to The New York Times.
His fruitful year came as the Trump administration created an increasingly bank-friendly environment, with the president loosening the reins on many of the industry's regulations.
These new guidelines have given banks the wiggle room to work with riskier assets, such as cryptocurrency.
In another sector-shocking change, Trump signed an executive order that temporarily paused all new investigations and enforcements under the Foreign Corrupt Practices Act (FCPA).
The FCPA was primarily focused on preventing US businesses from bribing foreign officials in international affairs.
According to the Department of Justice (DOJ), this February 2025 order was intended to ensure that the FCPA is not 'stretched beyond proper bounds and abused in a manner that harms the interests of the United States.'
The White House essentially argued that the act put Americans at a disadvantage compared to their global competitors.
JPMorgan Chase Chief Executive Jamie Dimon raked in a staggering $770 million last year, according to jaw-dropping disclosure documents
The JPMorgan logo is seen on its headquarter building. Its CEO earned nearly $1 billion last year
The 180-day pause allowed the Attorney General to review the law's guidelines, shifting them to prioritize America's economic and national security interests.
Amid the flourishing era of US banking, the 'big bank' stocks rose by 29 points in 2025, per the NY Times.
JP Morgan's stock rose by a whopping 34 points in the same period.
But Dimon isn't the only banking executive who brought home multi-millions last year.
The chief executives of Citi, whose shares jumped by 65 percent after tens of thousands of job cuts, earned about $100 million each.
Capital One CEO Richard Fairbank reportedly earned $300 million - including stock proceeds and a $30 million bonus - after the administration allowed for the company's acquisition of Discover Financial.
For all the higher-ups, their earnings include gains from stocks they have not yet sold.
Representatives for JPMorgan told the NY Times that a chunk of Dimon's gains were linked to shares he purchased nearly two decades ago.
Donald Trump's policies have loosened the reins on the banking industry
Citi, Goldman and Capital One declined the outlet's request for comment.
It is unclear what lower-level employees at these financial institutions earned. Still, Johnson Associates, a pay consultancy, expects their 2025 pay bumps to range from 5 percent to 25 percent higher than in 2024.
'This has been brewing for a long time,' Glenn Schorr, a longtime bank analyst at Evercore, told the NY Times.
While Dimon appears to be enjoying the benefits of Trump's banking policies, he has had a rocky relationship with Trump.
They appeared to put their differences aside for the first time in years when Dimon joined him at the White House over the summer.
Dimon is said to have visited the White House last week where he discussed the economy, trade and financial regulations with the President, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick.
