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$30 million: Top 10 highest-paid CEOs in Australia

How much the CEOs of Australia's biggest companies earned in 2023 has been revealed.

Tamika Seeto
·Finance Reporter
Updated ·2-min read

The highest-paid CEOs in Australia have been revealed and the top earner made an eye-watering $30 million during the year.

Macquarie Group’s Shemara Wikramanayake topped the pay ranks as Australia’s highest-paid chief executive for the third year in a row, according to the Australian Financial Review’s list.

Wikramanayake became the managing director and CEO of Macquarie Group in 2018. This year, her reported pay was boosted by almost 30 per cent to top $30 million. She is the only woman to make the top 10 and only one of two among the top 50 list.

Highest paid CEOs - Shemara Wikramanayake, Alan Joyce and Ruslan Kogan.
Macquarie Group’s Shemara Wikramanayake topped the list, while former Qantas CEO Alan Joyce and Kogan.com's Ruslan Kogan also made the list. (Source: AAP/Getty)

Do you have a story to share? Contact tamika.seeto@yahooinc.com

Victor Herrero, CEO of jewellery chain Lovisa, came in second place with a reported $29.6 million pay packet. He reportedly received an $8.1 million pay rise, which was the biggest for a CEO this year.

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Ruslan Kogan, founder and CEO of Kogan.com, rounded out the top three with a $17.2 million reported pay packet.

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Other well-known names to make the list included former Qantas CEO Alan Joyce, who came in fifth spot with a reported annual pay of $11.9 million. Joyce stepped down from the top job in September, two months ahead of schedule. His final pay packet for the financial year actually rang in at $21.4 million.

Former Coles CEO Steve Cain took out eighth place after making a reported $10.2 million. He retired from the supermarket giant in May, after five years in the top job.

Highest-paid CEOs

These were the top 10 highest-paid CEOs in the top 300 companies, according to the AFR:

  1. Shemara Wikramanayake, Macquarie Group - $30 million

  2. Victor Herrero, Lovisa - $29.6 million

  3. Ruslan Kogan, Kogan.com - $17.2 million

  4. Greg Goodman, Goodman Group - $14.2 million

  5. Alan Joyce, ex-Qantas - $11.9 million

  6. Michael Henry, BHP - $11.1 million

  7. Ronald Delia, Amcor - $10.8 million

  8. Steve Cain, ex-Coles - $10.2 million

  9. Trevor Croker, Aristocrat Leisure - $9.2 million

  10. Kevin Gallagher, Santos - $8.7 million

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