The CEOâs pay included $9 million in restricted stock, a $600,000 salary and $262,000 in other compensation awards.
Mr Blankfein, who waived a bonus in 2008, also received $18.7 million from investments made in funds available to the bankâs client-base.
The bank created the funds to allow staff to benefit from venture capital and merchant banking activities, Bloomberg reported.
Other executives who took advantage of the offer included David Viniar, chief financial officer, who received $11.5 million and Jon Winkelreid, a former president and chief operating officer, who made $9.8 million from his investments.
Lucian Bebchuk, a professor at Harvard, told the Financial Times: âGiven the size of the distributions to the top executives, it seems that they likely have rather large amounts invested in those funds and that saving the costs of management fees and overrides can be substantial.â
The bankâs CEO holds the record for the highest amount of total compensation paid out when he received $68.5 million in 2007.
By Jim Ottewill