JPMorgan Chase hikes CEO Jamie Dimon’s pay by 10.3% amid Donald Trump’s $5 billion lawsuit over ‘debanking’ allegations
American lender JPMorgan Chase announced that it will increase CEO Jamie Dimon’s compensation package by 10.3% to $43 million for 2025, based on strong performance during the year and last week’s fourth-quarter profit that beat estimates, according to a Reuters report.
It was stated that Jamie Dimon’s salary includes a base salary of $ 1.5 million and incentives of $ 41.5 million. His salary in 2024 was $39 million; This was equivalent to the salary of David Solomon of Goldman Sachs. Before that, while he earned $36 million in 2023, it was stated that his salary in 2022 and 2021 was $34.5 million during the Covid-19 outbreak.
What is Jamie Dimon’s net worth?
The report stated that Dimon, 69, has been CEO of JPMorgan since 2005 (20 years) and is among corporate America’s most prominent executives.
Forbes estimates his net worth at $2.8 billion. Speaking at the U.S. Chamber of Commerce last week, Dimon told reporters he wanted to remain CEO for at least another five years. His succession plans, in particular, have long been the subject of speculation on Wall Street.
‘2025 compensation reflects Dimon’s management’
America’s largest lender said in a filing with the United States Securities and Exchange Commission (US SEC) that the compensation increase was based on Dimon’s leadership and strong performance.
“As part of their evaluation and determination, the board considered Mr. Dimon’s continued development of senior executives who will lead today and into the future, his commitment to shareholders and his longstanding exemplary leadership of a leading financial services firm,” the filing said.
“The annual charge for 2025 reflects Mr. Dimon’s stewardship of the Firm, strong performance across our market-leading operations and financial results, as well as a solid balance sheet,” he added.
JPMorgan’s shares are up 34% in 2025, outperforming broader equity markets, the report said.
Donald Trump condemns $5 billion lawsuit filed against JPMorgan over ‘bank liquidation’
Bloomberg said in its report that Dimon’s salary increases come amid at least a $5 billion lawsuit filed by US President Donald Trump against the bank and its executive, alleging he ‘de-banked’ the bank for political reasons.
Earlier on January 17, Donald Trump threatened to sue the bank, claiming that his bank account was deleted in 2021 after the Capitol riot on January 6. Now Donald Trump’s lawsuit alleges that Dimon and his “woke” Wall Street bank illegally “debanked” his businesses because of his policies and then added Trump’s name to an industry “blacklist” that blocked his access to other lenders.
“You’re not allowed to do what they did – Jamie Dimon, what he did, you’re not allowed to do that. I don’t know what their excuse would be. Maybe their excuse would be the regulators,” Trump later told reporters aboard Air Force One.
(With input from Reuters and Bloomberg)
