Jane Fraser of Citigroup is the highest-paid woman in America, with a reported $95.8 million pay package for 2025. This list ranks ten women executives by their most recent disclosed annual compensation, which means stock awards, salary and bonuses reported to shareholders. Lisa Su of AMD is second at $55.2 million, and no one else tops $30 million.
| Rank | Name | Latest annual pay |
|---|---|---|
| 1 | Jane Fraser, Citigroup | $95.8 million |
| 2 | Lisa Su, AMD | $55.2 million |
| 3 | Mary Barra, General Motors | $29.9 million |
| 4 | Julie Sweet, Accenture | $29.6 million |
| 5 | Phebe Novakovic, General Dynamics | $25.9 million |
| 6 | Adena Friedman, Nasdaq | $25.0 million |
| 7 | Kathy Warden, Northrop Grumman | $24.4 million |
| 8 | Carol Tomé, UPS | $22.9 million |
| 9 | Gail Boudreaux, Elevance Health | $22.6 million |
| 10 | Reshma Kewalramani, Vertex Pharmaceuticals | $21.1 million |
1. Jane Fraser, Citigroup: $95.8 million
Jane Fraser is the chief executive of Citigroup and, since her election as chair, its chairman as well. Fraser’s 2025 package was reportedly the largest ever recorded for a woman in a large-company pay survey.
It included a one-time restricted stock and option award valued at $25 million that came with the chairman role.
The figure is the total in the Summary Compensation Table of the company’s proxy, which counts the grant-date value of stock and options.
2. Lisa Su, AMD: $55.2 million
Lisa Su has been chief executive of Advanced Micro Devices since 2014 and led its turnaround into a major chip maker for data centers and AI.
That 2025 total came in at nearly double her 2024 figure of about $30 million.
It comes from the fiscal 2025 proxy total, valued at grant.
3. Mary Barra, General Motors: $29.9 million
Mary Barra runs General Motors as chair and chief executive. Pay rose about 1% from the year before, driven by stock awards worth around $21.6 million.
Most of her package is performance-based, tied to electric vehicle market share, operating margin and free cash flow.
This is the reported total from the 2026 proxy filing, seen mostly in secondary coverage, so treat it as reported.
4. Julie Sweet, Accenture: $29.6 million
Julie Sweet chairs Accenture, the consulting and technology services group, and is its chief executive. She has led the company since 2019.
About 95% of her fiscal 2025 package came from stock and other incentive pay rather than salary.
Her fiscal 2025 total, covering the year ended August 2025, is what we counted.
5. Phebe Novakovic, General Dynamics: $25.9 million
Phebe Novakovic is chairman and chief executive of General Dynamics, the defense contractor behind Gulfstream jets and nuclear submarines. She became CEO in January 2013.
Her fiscal 2025 total was about 241 times the pay of the company’s median employee.
The pay ratio disclosure for fiscal 2025 supplies the number.
6. Adena Friedman, Nasdaq: $25.0 million
Adena Friedman runs Nasdaq as chair and chief executive. The company is the stock exchange operator and market technology provider.
Friedman’s 2025 pay combined a $1.36 million salary, about $17.5 million in stock awards and $6.1 million in incentive pay.
Salary, stock awards and incentive pay add up from the proxy table to $25.0 million.
7. Kathy Warden, Northrop Grumman: $24.4 million
Kathy Warden leads Northrop Grumman as chair and CEO. It is the maker of the B-21 bomber.
Her 2024 package was $24.4 million. We could not find a published 2025 figure, so this is her latest verified number.
This is the 2024 proxy total, the latest disclosed figure we could use.
8. Carol Tomé, UPS: $22.9 million
Carol Tomé is chief executive of UPS and previously served as chief financial officer of Home Depot.
Tomé took home about $22.9 million for 2025, down from roughly $24 million in 2024, with flat salary and slightly lower stock awards.
Her Summary Compensation Table total for 2025 gives us $22.9 million.
9. Gail Boudreaux, Elevance Health: $22.6 million
Gail Boudreaux is president and chief executive of Elevance Health, one of the largest health insurers in the United States.
Her pay rose from $20.5 million in 2024, with $13.4 million of the 2025 total in stock awards and about $4.2 million in options.
The company’s 2026 proxy statement is the source of the total.
10. Reshma Kewalramani, Vertex Pharmaceuticals: $21.1 million
Reshma Kewalramani is chief executive and president of Vertex Pharmaceuticals, the maker of cystic fibrosis drugs.
Kewalramani’s package slipped about 2% from the previous year. Stock awards made up about $15 million of it.
We used the exact $21.1 million total from the proxy table.
Special mentions
Safra Catz led the original version of this list. She stepped down as Oracle chief executive in September 2025 and became executive vice chair, and her disclosed pay in that role is far below the top ten. Sheryl Sandberg, Marissa Mayer, Meg Whitman and Indra Nooyi no longer hold the roles that put them on the 2014 list.
FAQ
Who is the highest-paid woman in America?
Jane Fraser of Citigroup, with a reported $95.8 million package for 2025, reportedly the highest ever recorded for a woman in a major pay survey.
How much does Lisa Su make?
Lisa Su of AMD earned $55.2 million in total compensation in 2025, according to the company’s proxy disclosures.
Who moved off the list since 2014?
Safra Catz, Sheryl Sandberg, Marissa Mayer, Meg Whitman, Indra Nooyi, Martine Rothblatt and others no longer rank in the top ten for annual pay. The ten names above all lead large public companies today.
What counts as pay on this list?
Total annual compensation: salary, bonuses, the grant-date value of stock and options, and other pay reported in the proxy statement. It is not the same as take-home pay or net worth.
Why is Jane Fraser’s number so high?
Her 2025 package included a one-time award valued at $25 million tied to her election as chairman, on top of her regular salary and stock awards.
Are the figures comparable across companies?
Broadly, yes, because they all come from the same type of disclosure, but fiscal years differ and one figure here is from 2024.
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
This list uses the summary compensation tables in company proxy statements and annual pay disclosures for the most recent fiscal year available. Where only secondary reports exist, we mark the figure as reported.
Last updated: October 2026.
