Carlo Ancelotti is the second-best paid coach at Paris Saint-Germain, trousering €13.5m (£11.2m) every 12 months while Guus Hiddink is the fifth-highest on the list, paid €8.6m (£7.1m) a year to spearhead the Anzhi Makhachkala revolution.
Barcelona's success has far exceeded that at the Bernabeu in recent years but Pep Guardiola is still not as well paid as Mourinho, sitting third on the list with a salary of €9.5m (£8m).
Four English based coaches make the list. Arsene Wenger is the richest manager in the Premier League with, paid €9m (£7.5m) a year despite Arsenal's seven-year trophy drought.
Manchester City boss Roberto Mancini is currently trying to catch neighbouring rivals Manchester United, and is falling behind Sir Alex Ferguson in pay stakes. The Italian pocketing €5.9m (£5m) each year compared to the 70-year-old's €8m (£6.7m).
Recently departed England boss Fabio Capello was handed €8.5m (£7.1m) during his spell in charge of the Three Lions.
Two other international managers make the top ten, Russia boss Dick Advocaat is rewarded with €7m (£5.8m) for his efforts while former Real Madrid coach Jose Antonio Camacho receives €6.1m (£5.1) per year as manager of the newly rich Chinese national team.