This Indian CEO earning ₹48 crore per day is world’s highest-paid employee. It’s not Sundar Pichai or Satya Nadella
"Indian CEO earning ₹48 crore per day highest-paid employee")click([17, 18, 19, 20, 3])("Indian CEO Jagdeep Singh 48 crore per day Quantumscape highest-paid employee 17500 crore")click([18, 1, 19, 0, 4])The highest-paid CEO in the world isn't Sundar Pichai of Google or Satya Nadella of Microsoft—it's Jagdeep Singh, the CEO of QuantumScape, a U.S.-based startup specializing in solid-state lithium batteries for electric vehicles. This Indian-origin entrepreneur has made headlines for his extraordinary salary package, which is being compared to Elon Musk's.
In 2021, QuantumScape's shareholders approved a compensation deal that could potentially earn Jagdeep Singh up to ₹17,500 crore (around $2.3 billion) in stock options, making him one of the highest-paid executives globally. Singh's company, backed by Bill Gates and Volkswagen, is pioneering a new generation of energy storage technology that could revolutionize the electric vehicle industry.
His remarkable compensation package is tied to performance milestones, with the promise of significant rewards for achieving the company's ambitious goals. QuantumScape’s battery technology aims to offer longer-lasting, faster-charging solutions for electric vehicles, marking a crucial step in the global shift away from fossil fuels.
Jagdeep Singh, the Indian-origin founder and former CEO of QuantumScape, has emerged as the highest-paid executive globally, with a staggering salary package that has drawn significant attention. According to reports, Singh’s annual earnings amount to an astounding ₹17,500 crore (around $2.3 billion), translating to nearly ₹48 crore per day.
This impressive compensation is linked to QuantumScape, a company specializing in cutting-edge solid-state lithium metal batteries for electric vehicles, which is backed by major investors, including Bill Gates and Volkswagen. Singh's salary was approved by the company’s shareholders and includes a large portion in stock options, with the potential to grow based on performance and achieving future milestones.
His salary rivals that of tech giants like Elon Musk and Jeff Bezos, placing him at the forefront of high-paying executive roles in the tech and energy sectors. QuantumScape's innovations in energy storage are seen as key to transforming the electric vehicle industry, a crucial step in the transition away from fossil fuels.
Who is Jagdeep Singh?
As indicated by his LinkedIn profile, he received his bachelor's in computer science from the University of Maryland and then graduated with an MBA from the University of California, Berkeley Haas School of Business. He also has a master's degree in computer science from Stanford University.
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