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Amazon’s six highest-compensated executives in fiscal 2022
The ranking below uses the totals disclosed in Amazon’s 2023 proxy statement for fiscal 2022. Roles are those held during the period covered, not necessarily current titles.
| Rank | Executive | Role in the period | 2022 reported total compensation |
|---|---|---|---|
| 1 | Douglas Herrington | CEO of Worldwide Amazon Stores | $43,215,779 |
| 2 | Adam Selipsky | CEO of Amazon Web Services | $41,113,295 |
| 3 (tie) | Brian Olsavsky | CFO | $18,181,043 |
| 3 (tie) | David Zapolsky | SVP and general counsel | $18,181,043 |
| 5 | Jeff Bezos | Founder and executive chair | $1,681,840 |
| 6 | Andy Jassy | President and CEO | $1,298,723 |
Amazon’s six disclosed totals add up to $122,390,056, a calculation from the individual figures in the filing. CRN described the group’s compensation as more than $120 million.
Sources: Amazon’s 2023 proxy statement and CRN’s report on the ranking.
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Why the reported totals are not cash pay
The Summary Compensation Table includes the grant-date fair value of stock awards. For Selipsky, stock awards accounted for $40,752,682 of his $41,113,295 reported total; the table also listed a $317,500 salary and $43,113 in other compensation. Grant-date value is not the same as cash received, nor does it mean all the stock had vested in 2022.
Amazon said executives generally received periodic restricted stock unit (RSU) awards every other year, with awards vesting over six years subject to continued employment. As a result, the year an award is granted can strongly affect a year’s reported total. Salary, other compensation, grant value and vesting schedule all matter when comparing annual figures.
A separate SEC measure, “Compensation Actually Paid,” is also not take-home pay or W-2 income. Amazon’s 2026 proxy explains that it reflects changes in equity values, including amounts that may not be earned until future vesting and may be forfeited if an executive leaves before vesting. It should not be substituted for the Summary Compensation Table totals used in this ranking. Amazon’s 2026 proxy statement.
Who was the AWS CEO—and who holds the role now?
The $41.1 million AWS CEO figure refers to Adam Selipsky and fiscal 2022. It is not a current-pay figure or an indication that he still leads AWS. Amazon’s 2025 proxy says Matthew Garman became AWS CEO effective June 2024. Amazon’s 2025 proxy statement.
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Amazon’s 2022 business context
CRN reported that Amazon generated $514 billion in sales in 2022, up 9% year over year, and recorded a $2.7 billion net loss, compared with $33.4 billion in net income in 2021. These are figures as reported by CRN in its April 2023 article. In the same coverage, CRN quoted CEO Andy Jassy’s shareholder-letter statement: “I’m optimistic that we’ll emerge from this challenging macroeconomic time in a stronger position than when we entered it.” CRN’s report.
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