What Are McDonald’s CEO Chris Kempczinski’s Earnings and Net Worth?
What Are McDonald’s CEO Chris Kempczinski’s Earnings and Net Worth?

As of February 19, 2021, McDonald’s CEO Chris Kempczinski’s overall net worth was estimated at over $17.6 million. Perhaps the bigger question is: How much does Kempczinski earn as the head of one of the biggest fast-food chains in the world?

Kempczinski joined the McDonald’s team in 2015, working as president of U.S. business but fast-tracked to the CEO position in 2019. While his base salary for 2020 was $1.25 million, Kempczinski and other McDonald’s executives agreed to a temporary pay cut due to the effects of COVID-19. This pay cut brought his 2020 base earnings down to $963,500.

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However, this base salary only reflects a small portion of Kempczinski’s overall compensation package. He also received $9.5 million in stocks and options along with an additional $383,000 in special perks, such as access to the private corporate plane. Combining his base salary with these stock options and perks brings his total compensation to more than $10.8 million.

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That’s not all. Kempczinski had the potential to earn an additional $4.25 million as a performance bonus, but the company failed to meet its performance goals thanks to the global pandemic. In fact, McDonald’s profits were down 12.7% year-over-year, and net income dropped by over 21% from 2019 to 2020. Despite rebounding in Q4 2020, the gains weren't enough to help the company reach its performance goals.

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Fortunately, 2021 seems to be a better year for the company. Kempczinski and his team had to make some tough decisions, such as raising menu prices by 6% to meet higher labor, food, and paper costs. However, this slight increase has paid off. Profits are up by more than 59%, and revenue for 2021 has breached the $23 billion mark, which is even higher than pre-pandemic levels.

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McDonald’s stock is following suit by reaching its all-time highest closing stock price of $269.69 on January 6, 2021. This increase represents a nearly 30% jump compared to the $207.93 closing price from just a year ago.

It’s almost certain that Kempczinski receives a performance bonus this year along with his full base salary, additional perks, stocks, and options, which is likely to boost his net worth even higher.