The Wall Street Journal is estimating Live Nation CEO Michael Rapino took home $70 million in compensation last year, a mix of mostly stocks and cash, making him one of the highest paid non-S&P 500 CEOs in the country.

The news comes as Live Nation is on track to have another strong year, beating the Wall Street consensus in Q1 to reach nearly $1.5 billion in revenue, a 19-percent increase for the first three months of 2018. The LYV stock rose 60% last year with a market cap of $8.5 billion.

Rapino’s compensation includes $59.1 million in mostly stock-based compensation, part of a five-year contract renewal that has him running the company through 2022. The amount is based on performance and not guaranteed. When the stock awards are divided over the five-year vesting period, Rapino’s take home pay is closer to $22 million annually.

Dave Brooks
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Dave Brooks

Founder & Executive Editor at Amplify Media
Dave Brooks has over 15 years experience as a writer, including eight years as the Managing Editor of Venues Today. He started Amplify in 2014 to give the industry its own voice and turn up the volume on live entertainment.
Dave Brooks
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