JP Morgan boss Jamie Dimon gets £32m payday
JP Morgan Chase revealed it paid boss Jamie Dimon £32m last year – just hours after Donald Trump launched a multi-billion-dollar lawsuit against the bank.In a filing to regulators after the President's bombshell attack, the Wall Street giant said Dimon's vast pay for 2025 included his annual salary of about £1m and a bonus of £31m.The package was some 10 per cent higher than the £29m he was paid in 2024 – and a record since he took charge of the bank in 2006.Dimon, 69, is dubbed the King of Wall Street and widely seen as the most powerful banker in the world. Cashing in: Jamie Dimon is dubbed the King of Wall Street and widely seen as the most powerful banker in the worldBut he has long clashed with Trump and the simmering relationship deteriorated further just hours before the bumper pay award emerged, when the US President sued JP Morgan and its long-standing boss for £3.7billion over claims it 'debanked' him.Trump accused JP Morgan of unfairly closing personal and business bank accounts for 'woke' reasons following the January 6 riots in the Capitol in 2021. 'You're not allowed to do what they did,' he told reporters on Air Force One, as he returned home from the World Economic Forum in Davos.'Jamie Dimon, what he did, he's not allowed to do that. He shouldn't be debanking.'A spokesman for JP Morgan said it 'does not close accounts for political or religious reasons' but added: 'We do close accounts because they create legal or regulatory risk for the company. We regret having to do so but often rules and regulatory expectations lead us to do so.'And a statement from the bank said: 'While we regret President Trump has sued us, we believe the suit has no merit.'With Trump seemingly at war with one of America's most high-profile executives, JP Morgan said the pay reflected Dimon's 'stewardship of the firm, with strong performance across our market-leading businesses and financial results, as well as a fortress balance sheet'.He has now scooped more than £100m in pay over the past four years, though this is dwarfed by a personal fortune estimated at around £2.2billion – much of it held in JP Morgan shares.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
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JP Morgan boss Jamie Dimon gets £32m payday
