Linode CPU usage not exceeding 500%

Hello!
I'm running a 16CPU 32GB linode and for some reasons, my linode CPU usage peaks at 500% which should be 1600%. I'm running nginx as my web server and I have configured my linode to use all available resources in the linode. I operate a very high traffic website.

Here's my nginx config

`

/etc/nginx/nginx.conf

user www-data;
worker_processes auto;
pid /run/nginx.pid;
include /etc/nginx/modules-enabled/*.conf;

events {
        worker_connections 8192;
        # multi_accept on;
}

http {

        ##
        # Basic Settings
        ##

        error_log off;
        access_log off;

        sendfile on;
        tcp_nopush on;
        tcp_nodelay on;
        keepalive_timeout 65;
        types_hash_max_size 2048;
        # server_tokens off;

        server_names_hash_bucket_size 64;
        # server_name_in_redirect off;

        include /etc/nginx/mime.types;
        default_type application/octet-stream;

        ##
        # SSL Settings
        ##

        ssl_protocols TLSv1 TLSv1.1 TLSv1.2; # Dropping SSLv3, ref: POODLE
        ssl_prefer_server_ciphers on;

        ##
        # Logging Settings
        ##

        access_log /var/log/nginx/access.log;
        error_log /var/log/nginx/error.log;

        ##
        # Gzip Settings
        ##

        gzip on;

        # gzip_vary on;
        # gzip_proxied any;
        # gzip_comp_level 6;
        # gzip_buffers 16 8k;
        # gzip_http_version 1.1;
        # gzip_types text/plain text/css application/json application/javascript text/xml application/xml application/xml+rss text/javascript;

        ##
        # Virtual Host Configs
        ##

        include /etc/nginx/conf.d/*.conf;
        include /etc/nginx/sites-enabled/*;
}


#mail {
#       # See sample authentication script at:
#       # http://wiki.nginx.org/ImapAuthenticateWithApachePhpScript
# 
#       # auth_http localhost/auth.php;
#       # pop3_capabilities "TOP" "USER";
#       # imap_capabilities "IMAP4rev1" "UIDPLUS";
# 
#       server {
#               listen     localhost:110;
#               protocol   pop3;
#               proxy      on;
#       }
# 
#       server {
#               listen     localhost:143;
#               protocol   imap;
#               proxy      on;
#       }
#}

`