Niccol Brian. Net worth: In 2024, after doubling Chipotle’s sales, Brian Niccol was appointed CEO of Starbucks. Supported by former CEO Howard Schultz, Niccol brings to his new position a wealth of leadership experience, a $67 million fortune, and a $75 million stock package. Tim Cook of Apple and Sundar Pichai, the CEO of Alphabet, received $75 million in pay in 2024, while Niccol received an astounding $96 million in his first few months at Starbucks last year.
Brian Niccol, CEO of Starbucks, has a net worth of
Last year, Laxman Narasimhan, who had worked for Starbucks for two years, “immediately” resigned as CEO. Starbucks reportedly had a 3% drop in worldwide sales for more than a year while he was in charge. Brian Niccol, Starbucks’ new CEO, has a proven track record of success in the food sector; under his direction, Chipotle Mexican Grill’s sales increased by 800% and its profit increased by seven times. Niccol was the Chairman of Chipotle Mexican Grill before taking on his current position as CEO at Starbucks. His tenure there concluded on August 31, 2024, and he started working at Starbucks on September 9, 2024. The former CEO of Starbucks, Howard Schultz, had shown a great deal of faith in Niccol’s ability to reach new heights.
Brian Niccol’s Professional Path
He has proven a successful, goal-oriented leader in the past. Niccol is a multimillionaire, and a large amount of his wealth comes from the money he has made in the C-Suite, particularly while serving in executive positions at Yum! Brands (YUM) and Chipotle. Niccol is thought to be worth $67 million, according to The Street, which cites several media outlets. According to a Bloomberg article, 94% of his compensation comes from stock awards. Niccol possesses more than 22,000 Chipotle shares, valued at over $1 million as of April 2024. He has increased his riches over the past few years by selling millions of dollars worth of Chipotle stock. In November 2024, an application submitted to the Securities and Exchange Commission disclosed that, by early January 2025, it had reached $39 million.
Brian Niccol’s compensation package at Starbucks and Chipotle
According to several media publications, Niccol’s estimated net worth ranges between $100 million (about Rs 839 crore) and $120 million (almost Rs 1,000 crore).
As the Chipotle CEO, Niccol received an initial salary of $1.3 million in 2023, but his overall compensation soared to $22.5 million thanks to incentives and stock options. When he became the CEO of Starbucks in 2024, his income increased considerably. Its yearly salary was scheduled to be $1.6 million in September 2024. To compensate for his loss of Chipotle equity, he received a $10 million signing bonus and $75 million in stock options. Additionally, Niccol could earn over $9 million more to fulfill Starbucks’ incentives.
Brian Niccol is currently on the list of the richest CEOs in the world.
As to Bloomberg, Niccol could get a total salary of $113 million each year. Tim Cook of Apple and Sundar Pichai, the CEO of Alphabet, received $75 million in pay in 2024, while Niccol received an astounding $96 million in his first few months at Starbucks last year. Starbucks made a significant investment in Niccol’s lodging expenditures, allocating almost $143,000 for housing expenses, including tax payments, and $72,000 for travel between California and Seattle. $19,000 was spent on additional personal use of the company jet.