Anthropic CEO Amodei Took Home $18 Million Last Year

Reuters obtains IPO prospectus Pay ranks mid-tier among major tech chiefs Compensation trails Oracle and Nvidia, tops Alphabet and Amazon "Picture may change once stock holdings are disclosed"

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By Park Yoon-sunsepys@sedaily.com
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Anthropic CEO Dario Amodei. AFP/Yonhap News - Seoul Economic Daily International News from South Korea
Anthropic CEO Dario Amodei. AFP/Yonhap News

Dario Amodei, chief executive of Anthropic, the developer of the Claude artificial intelligence model, received about 24.2 billion won ($18 million) in compensation last year.

According to Anthropic's initial public offering prospectus obtained by Reuters on the 6th, Amodei received a total of $18 million (about 24.2 billion won) in pay last year. The figure places him in the middle of the pack among chief executives of major technology companies — less than the heads of Oracle and Nvidia, but more than those of Alphabet and Amazon.

The base salaries of Amodei and his sister Daniela Amodei, Anthropic's president, were each raised to $1.4 million in July this year, roughly double their previous levels. Daniela Amodei's total compensation last year was $16.4 million.

Courtney Yu, research director at executive pay data firm Equilar, said Amodei's package "appears low for the CEO of a company valued at $2 trillion," adding that it remains to be seen how assessments of his pay will shift once his full equity holdings are disclosed after the listing.

Filings with the U.S. Securities and Exchange Commission show wide gaps in last year's pay for top executives at major technology companies focused on AI. Clay Magouyrk, co-chief executive of Oracle, ranked near the top with $627.5 million, while Elon Musk received just $54,080 at SpaceX before its listing.

The Amodei siblings and other Anthropic co-founders pledged in the IPO filing to donate 80% of their personal stakes in the company to philanthropic causes. In a post published early this year, Amodei also said the wealthy have an obligation to address problems arising from the adoption of AI.

In the United States, chief executive pay has grown far faster than wages for ordinary workers in recent years, fueling debate over the widening gap. Experts worry that broad adoption of AI could stretch that gap further. According to the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), average annual pay for chief executives at S&P 500 companies rose 21% from a year earlier to $22.8 million last year.

Original reporting by Park Yoon-sun for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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