Is it true that CEOs read 50 books a year?

You’ve probably heard the claim that CEOs read 50 books a year—but is it actually true? Let’s break it down.

1. How Many Books Do CEOs Really Read?

Multiple sources suggest that top executives read far more than the average person. A Fast Company survey of 500 CEOs reportedly found that the typical CEO reads about 60 books per year, which is roughly five books each month. By comparison, the average American reads only about 12 books per year, with a median of just 4 books annually often quoted in business circles as evidence that “leaders are readers.” In fact, N2Growth advisors note that Fortune 500 CEOs tend to read 4 to 5 books a month, totaling 48 to 60 books annually. While the exact ns by individual (depending on schedule, industry, and personal preferences), it’s clear that CEOs dedicate significant time to reading, highlighting the value they place on continuous learning.

2. Why Do CEOs Prioritize Reading?

Reading is a key habit for many successful leaders because it helps them stay informed, sharpen decision-making, and gain fresh perspectives. CEOs often turn to books on leadership, strategy, and innovation to grow their knowledge base. Books offer them access to insights from experts across various fields, enabling them to make better decisions and lead their companies effectively.

For example, Bill Gates is known to read around 50 books per year. He credits reading as his main way of learning new things and keeping up with the latest ideas in science, technology, and public health. Similarly, Warren Buffettto spend 5-6 hours daily reading, which includes business reports and financial news in addition to books.

3. Is Reading 50 Boal for Success?

While reading 50 books a year may be impressive, it’s not a strict requirement for success. The important thing is continuous learning. Successful CEOs prioritize lifelong learning—whether through books, articles, or podcasts—to remain adaptable and innovative.

So, while 50 books a year might be impressive, the real success lies in the commitment to lifelong learning.