Top CEO pay increased 20 times faster than workers’ pay in 2025

• Global real worker pay fell 12 percent while real CEO pay surged 54 percent between 2019 and 2025.
• At least four CEOs of major corporations each pocketed over $100 million in pay and bonuses last year. Broadcom CEO Hock Tan led the pack at over $205 million.
• Billionaires were paid $2,500 per second in dividends in 2025.
• The International Trade Union Confederation (ITUC) and Oxfam are calling for urgent action to rein in extreme wealth, including higher, fairer taxes on the richest and binding limits on CEO pay.

Chief executives of the world’s largest corporations enjoyed a 11 percent real-terms pay hike last year, while the average global worker saw real wages increase by just 0.5 percent, reveals new analysis by the ITUC and Oxfam ahead of International Workers’ Day (1 May).

The analysis covers the top-paying 1,500 corporations across 33 countries which have reported CEO pay for 2025. The average CEO pocketed $8.4 million in pay and bonuses last year, up from $7.6 million in 2024. It would take the average global worker 490 years to earn the same amount.

So far, four corporations, including Blackstone, Broadcom and Goldman Sachs, have reported paying their CEO more than $100 million in 2025. The top 10 highest-paid CEOs collectively made over $1 billion.

The gender pay gap for the workforce across these 1,500 corporations averages 16 percent, meaning that these women workers effectively work for free from 4 November each year.

The growing chasm between CEO compensation and average worker pay is part of a long-term trend in which executives and shareholders are capturing an ever-larger slice of the global economic pie.

Global real wages for workers have fallen by 12 percent since 2019. This means they have effectively worked 108 days for free between 2019 and 2025 (31 days for free last year alone). Meanwhile, CEO pay has skyrocketed ―from an average of $5.5 million in 2019 to $8.4 million in 2025, a 54 percent increase in real terms.

The ITUC and Oxfam’s analysis of shareholdings reveals that the super-rich are receiving significant payouts from the corporations they control. Nearly 1,000 billionaires whose investment portfolios were identified collectively received $79 billion in dividends in 2025 —equivalent to $2,500 per second. The average billionaire made more in dividends in less than two hours than the average worker earned in pay in an entire year.

Some of the largest payouts in 2025 went to Bernard Arnault, owner of luxury brand LVMH, who pocketed $3.8 billion and Amancio Ortega, owner of Inditex (Zara), who received $3.7 billion.

Payouts from corporations are often funneled into undermining workers’ rights and democracy.

• Larry Ellison, the founder of Oracle, has used his wealth to become a major stakeholder in Paramount, which was purchased by his son’s company and includes major broadcast networks CBS.
• In France, far-right billionaire Vincent Bolloré now controls CNews, and has rebranded it as the French equivalent of Fox News.
• In 2024, Oxfam filed a formal UN complaint against Amazon and Walmart’s systematic human rights violations. Amazon and Walmart’s outsized wealth and power in the economy have enabled them to clamp down on unionization efforts and collective organizing.

Billionaires are also leveraging their wealth to buy political influence. A global survey found that half of people believe “the rich often buy elections” in their countries. Oxfam estimates that billionaires are 4,000 times more likely to hold political office than ordinary people. Many super-rich politicians have sought to erode workers’ rights, cut public services, and deliver tax cuts to the richest.

“This analysis exposes the billionaire coup against democracy, and its costs for working people. Companies promise us a virtuous cycle, but what we see is a vicious cycle led by mega corporations —they undermine collective bargaining and social dialogue while billionaire CEOs capture the wealth created by productivity gains. The super-rich then use enormous resources to fund anti-democratic political projects,” said ITUC General Secretary Luc Triangle.

“These projects shift the blame for growing inequality onto marginalized groups, such as migrants, women and minorities in order to distract from the true culprits: their rich benefactors. They divide working people while dismantling and undermining democratic institutions and promoting policies that allow the super-rich to become even richer, at the expense of workers’ rights, safety and livelihoods. They attack democratic organizations like unions and block any avenues for popular reform, ensuring that the vicious anti-worker cycle continues.”

Billionaire wealth has reached record highs in 2026. In just 12 months, they have gained $4 trillion —bringing their wealth to $1.5 trillion more than that of the poorest 4.1 billion people combined. There are 400 more billionaires compared to last year, and 45 of these new billionaires have made their fortunes in artificial intelligence.

“We can’t continue to let a handful of super-rich people siphon off the rewards of work that belong to millions. Governments must cap CEO pay, fairly tax the super-rich and ensure minimum wages at the very least keep pace with inflation and ensure a dignified living. And workers must be able to exercise, without fear or obstruction, their rights to organize, to strike, and to bargain collectively. They are the ones who generate society’s wealth; they should be able to claim, as a matter of justice, what they are due,” said Oxfam International Executive Director Amitabh Behar.

"These measures can do far more than redistribute income; they can create economies that reward work, invest in communities, and hold powerful interests accountable. This is how we turn a system rigged for the few into one that works for everyone."