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Goldman Sachs CEO David Solomon picked up an eye-popping $47 million compensation package in 2025, the Wall Street giant said on Friday, as the bank enjoys a rebound in its investment banking activity.
The 63-year-old’s pay packet is up 21% from $38 million in 2024. He was paid $31 million in 2023.
Solomon earned a base salary in 2025 of $2 million and $45 million in annual variable compensation, Goldman said in a regulatory filing.
It means he pips JPMorgan CEO Jamie Dimon, who picked up a compensation package worth $43 million for 2025, a 10.3% increase from the previous year.
Solomon and his right-hand man, Goldman president and chief operating officer John Waldron, each agreed to $80 million stock-based retention bonuses last year to keep them at 200 West St., Goldman’s main HQ, until January 2030.
Waldron, 55, is widely tipped to take over from Solomon when he eventually decides to call it a day as the bank’s chief executive.
A Goldman spokesperson directed The Post to statements made by the bank’s compensation committee.
Executives said they had considered several factors, but stressed that Solomon had overseen a “strong performance in support of our clients across global banking & markets and asset & wealth management.”
The Wall Street veteran also saw the price of Goldman shares increase by just over 53% in 2025.
Solomon announced financial results last week for the fourth quarter of last year that beat analysts’ expectations.
He said that he was upbeat about the prospects for M&A and IPOs this coming year, pointing to a more favorable regulatory climate under the Trump administration.
“CEOs definitely believe that ‘The Art of the Deal’ – scaled consolidation – is possible now,” the 63-year-old said on Jan. 15 in an apparent reference to President Trump’s book on business negotiations.
He joined the bank as a partner in 1999 after leaving Bear Stearns and rose through the ranks to eventually succeed Lloyd Blankfein, who led Goldman through the 2008 financial crisis and its aftermath.
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