JPMorgan's billionaire boss Jamie Dimon was again paid $31.5 million in 2020, having warned in 2019 that income equality was a 'huge problem'

• JPMorgan's CEO Jamie Dimon earned $31.5 million from the baking giant in 2020, it announced on Thursday.
• He received a $1.5 million salary, $5 million cash bonus, and $25 million of restricted stock tied to performance.
• Dimon has repeatedly said that income inequality is a massive problem in the US.

JPMorgan's CEO Jamie Dimon, who in 2019 decried income inequality, was paid $31.5 million in 2020, the bank announced on Thursday.

JPMorgan paid Dimon a salary of $1.5 million, as well as a $5 million cash bonus and $25 million of restricted stock tied to performance, according to $4. He was also paid $31.5 million in 2019, $4 reported, which was a 1.6% increase from the $31 million he received in 2018.

The company $4 and revenue per employee surged 22% during the year - but it spent an average of only 1% more on each employee in 2020, $4 reported. Wall Street banks increased average pay per employee by just $271 over the year, the report said.

JPMorgan's fourth-quarter earnings, released January 15, showed a revenue of $30.2 billion versus analysts' estimates of $28.7 billion. The banking giant's net income rose by 42% to $12.14 billion, driven by its release of $2.9 billion in credit reserves.

Dimon, who has a $4, warned in an interview on CBS' 60 Minutes in November 2019 that the wage gap between the rich and the poor was a "huge problem" and that people were being "left behind."

After being asked whether his salary was too high and if he would return some of it, Dimon responded: "I could. Is that gonna solve any of those problems?"

—60 Minutes (@60Minutes) $4

In March 2019, Dimon said income inequality had "bifurcated the economy" in America, $4 reported. His comments came just after $4 to help people in poorer communities.

"I don't want to be a tone deaf CEO," Dimon said at the time. "While the company is doing fine, it is absolutely obvious that a big chunk of [people] have been left behind.

"40% of Americans make less than $15 an hour. 40% of Americans can't afford a $400 bill, whether it's medical or fixing their car. 15% of Americans make minimum wages, 70,000 die from opioids [annually]," he told CNBC.

Read more: $4

Dimon, who had $4 in March, was reportedly $4 in President Joe Biden's administration before the election.

Speaking at an event in 2018, Dimon claimed that he could $4. He also took a stab at President Donald Trump's personal wealth.

"And by the way, this wealthy New Yorker actually earned his money," Dimon said, referring to himself. "It wasn't a gift from daddy."

Insider has approached JP Morgan for a comment from Dimon.