Marcos Galperin is the CEO and co-founder of MercadoLibre, a massive online marketplace in Latin America. He started the company in 1999 and has grown it into the largest e-commerce platform in the region. Before MercadoLibre, he worked at J.P....

Marcos Galperin is the CEO and co-founder of MercadoLibre, a massive online marketplace in Latin America. He started the company in 1999 and has grown it into the largest e-commerce platform in the region. Before MercadoLibre, he worked at J.P. Morgan in New York and at YPF, managing financial risks related to oil and currency. Galperin’s education includes an MBA from Stanford and a degree from the Wharton School, showing he has a solid background in business and finance. Besides his role at MercadoLibre, he serves on the boards of organizations like Endeavor, which helps entrepreneurs, and Globant, a tech services company. In 2023, his total compensation was over $9.5 million, nearly double what he earned in 2022, driven by bonuses linked to company performance. Notably, he hasn't received stock or option grants in recent years, focusing on cash incentives instead. This approach highlights his dedication to aligning his goals with the company's success. Through his leadership, MercadoLibre continues to be a key player in the e-commerce and fintech space in Latin America.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

M

Marcos Galperin

Founder and CEO of Mercado Libre

Education

Bachelor's degree in Business Administration from the University of Buenos Aires

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

October 31, 1973 - 51 years ago

CEO of Mercado Libre for

17 years 4 months (Nov 2007 - Present)

Previous Experience

Founder of Mercado Libre, Inc.

Rivals

Competitors/colleagues of Marcos Galperin

A

Sundar Pichai

CEO of Alphabet Inc.

2023 Compensation

Stock

$155.42M

Salary

$2.00M

Bonus

$0.00

Other

$6.80M

Total Holdings

$459.19M

E

Josh Silverman

CEO of Etsy

2023 Compensation

Stock

$0.00

Salary

$660.00K

Bonus

$396.00K

Other

$44.77K

Total Holdings

$15.12M

A

Andrew R. Jassy

CEO of Amazon

2023 Compensation

Stock

$27.83M

Salary

$365.00K

Bonus

$0.00

Other

$992.76K

Total Holdings

$19.04M

B

Jack Dorsey

Founder and CEO of Block

2023 Compensation

Stock

$0.00

Salary

$2.75

Bonus

$0.00

Other

$0.00

Total Holdings

$980.58K

P

Alex Chriss

CEO of PayPal Holdings, Inc.

2023 Compensation

Stock

$0.00

Salary

$302.89K

Bonus

$0.00

Other

$311.84K

Total Holdings

$11.94M

Holdings

See how much did Marcos Galperin make over time.

Marcos Galperin’s wealth is mainly tied to MercadoLibre, where he has significant holdings through the Galperin Trust, owning around 4 million shares. This trust was established after gifting shares to his family as part of estate planning. He once had...

Marcos Galperin’s wealth is mainly tied to MercadoLibre, where he has significant holdings through the Galperin Trust, owning around 4 million shares. This trust was established after gifting shares to his family as part of estate planning. He once had a notable stake in the company but now relies solely on cash compensation due to company policy. His holdings reflect the company's growth, especially as it expanded its influence across Latin America.

Total Stock Sold

$110.27M

MELI

$110.27M

1,043,338 MELI shares

What if they kept their stock?

If Marcos Galperin didn't sell their stock, today they would have:
Extra MELI1,043,338 shares worth $567.58M.
This is 414.74% and $457.31M more than what they got when they sold the stock.

Charitable Transactions

MELI

4,253,225 shares

MELI

Recent Charitable Transactions

MELI

456,662 shares

MELI

Feb 18, 2015

Charity

MELI

3,796,563 shares

MELI

Dec 12, 2012

Charity

Insider Trading

See recent insider trades of Marcos Galperin.

MELI

456,662 shares

MELI

Feb 18, 2015

Charity

MELI

$36.75M

MELI at $125.27/share

Aug 6, 2013

Sale

MELI

3,796,563 shares

MELI

Dec 12, 2012

Charity

MELI

1,619 shares

MELI

Mar 30, 2012

Received

MELI

$74.48M

MELI at $99.30/share

Feb 28, 2012

Sale

MELI

1,286 shares

MELI

Apr 1, 2011

Received

Compensation History

See how much did Marcos Galperin make over time.

In 2023, Marcos Galperin's total compensation reached over $9.5 million, primarily driven by performance bonuses. His salary was around $523,000, showing a strong emphasis on performance-based pay rather than stock options or grants, a strategy that aligns with his company's policy. This focus on cash bonuses demonstrates his commitment to linking personal success with company performance metrics, ensuring he drives value for shareholders and the company itself.

Year

2023

Total Compensation

$3.40M

Salary

$522.88K

Board Justification

MercadoLibre's compensation philosophy is designed to align the compensation of its executives with business objectives and reward performance over both the short and long term. The compensation structure emphasizes pay-for-performance, with a significant portion of compensation contingent upon Company performance.

Bonus

$2.88M

Board Justification

The annual bonus for 2023 was based on pre-determined Company performance criteria, including net revenues, income from operations, total payment volume, and competitive NPS. The bonus was paid in USD and calculated considering a fixed amount in Uruguayan Pesos, then converted into USD at the exchange rate of the payroll calculation date.

Other

$0.00

Board Justification

No other compensation was paid out in 2023 for Marcos Galperin.

Restricted Stock

$0.00(0 None)

Board Justification

No stock vested in 2023 for Marcos Galperin.

Performance Metrics

The performance metrics for determining compensation in 2023 included net revenues, income from operations, total payment volume, and competitive NPS.