Jamie Dimon rejects Jeff Bezos’ playbook and hoards his JPMorgan shares. He’ll see $770 million in gains for 2025
Dimon has accumulated a lot of equity through his compensation plan, personal purchases, and via a 2021 special award.
Last year was a roller coaster ride, but a market rebound has pushed mega banks’ stock growth nearly 30% and record compensation and bonuses are likely to follow.
Leading the charge is JPMorgan Chase CEO and chairman Jamie Dimon, one of the last sitting Wall Street leaders to have navigated the 2008 financial crisis, the subsequent passage of the Dodd-Frank reform act, and now the AI boom. Dimon has spent the past 20 years atop JPMorgan and is know for rarely cashing in his stock. With that bent, he amassed an ownership stake in JPMorgan of nearly 8.5 million shares, and only began shaving off his holdings in a small handful of pre-planned sales in 2024, beginning with a sale valued at $150 million.
Dimon started off 2025 with about 7.3 million shares. With a per-share price of $239.71, his stake was valued at roughly $1.8 billion. The stock price soared to $322.22 at the end of 2025, pushing the stock value of his stake up to about $2.4 billion, which meant Dimon saw about $605.6 million in appreciation plus another $40 million in dividends. This year, he’ll see a 1.5 million stock appreciation right grant vest due to a special one-time award the board gave him in 2021. All told, through stock value gains, dividends, and compensation, Dimon will see about $770 million for his work in 2025, according to reporting by the New York Times that was verified for Fortune by independent compensation firm Farient Advisors.
“Jamie Dimon has been rewarded for his loyalty, tenure, and performance over the course of these years,” said Eric Hoffmann, vice president and chief data officer at Farient. Hoffmann noted Dimon has accumulated a lot of equity through his compensation plan, personal purchases, and via the 2021 special award designed to retain him while the board worked through succession planning.
“The stock’s appreciated by more than a third, and he’s a beneficiary of that like all the shareholders of JPMorgan are,” said Hoffmann.
Dimon’s “compensation actually paid,” a regulator-required figure determined by a Securities and Exchange Commission , was calculated at roughly $227 million in 2024; $105 million in 2023; and $38 million in 2022, in comparison.