Jagdeep Singh Tops Global Salary: People of Indian origin have given India a new identity worldwide through their work. In this sequence, the name Jagdeep Singh of Indian origin is in discussion these days. Let us know about this…
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Jagdeep Singh Tops Global Salary
Jagdeep Singh of Indian origin has become the highest-paid employee in the world. According to Money Control, Jagdeep, former founder and CEO of QuantumScape, has received an annual package of Rs 17,500 crore (about $ 2.3 billion), which is about Rs 48 crore (about $ 5.8 million) daily.
This salary is more than the annual revenue of many big companies. During QuantumScape’s annual meeting of shareholders, a compensation package of approximately $2.1 billion for the CEO was approved. The package includes stock options worth $2.3 billion. Because of this, Jagdeep Singh’s salary was around Rs 17,500 crore.
What is the Stock Option?
Stock options are an investment opportunity that gives employees the right to buy shares of their company at a set price in the future.
Educational background: Jagdeep Singh is an Indian-born American industrialist and technologist. Singh studied B.Tech from Stanford University in the US and holds an MBA degree from the University of California, Berkeley. Before starting QuantumScape, he spent more than a decade in leadership positions at several companies early in his career. During this period, Singh worked on new technology for making batteries and gained expertise in this sector.
QuantumScape in the US in 2010, Singh has a special identity in creating battery technology for electric vehicles (EV). He founded QuantumScape in the US in 2010. This company specializes in manufacturing next-generation solid-state batteries. Which is known to improve the performance of EVs and reduce charging time.
What is the Specialty of the Battery?
The solid-state batteries made at QuantumScape are a leap forward from the lithium-ion batteries typically used in EVs. This not only provides more range, but it also charges quickly. For this reason, they are being used extensively in EVs.
At present, the EV sector is booming, hence their company is also growing rapidly. Later people like Volkswagen and Bill Gates invested in this company. QuantumScape was listed on the New York Stock Exchange (NYSE) in 2020, but the company has already achieved a valuation of approximately $50 billion.
Jagdeep Singh Tops Global Salary CEO of Stealth Startup.
Jagdeep Singh is currently the CEO of Stealth Startup. He resigned from the post of CEO of QuantumScape on February 16, 2024, and handed over the responsibility to Shiva Sivaram. However, he will remain a member of the board. He keeps giving information about his plans through his account (@startupjag) on social media platform X.
CEO of QuantumScape Jagdeep Singh is the world’s highest-paid employee. Singh earns Rs 48 crore per day with Rs 17,500 cr annual salary package! QuantumScape is an American company that develops solid-state rechargeable lithium metal batteries for electric cars. The company is… pic.twitter.com/iuqXfp3RFo
— Akashdeep Thind (@thind_akashdeep) January 4, 2025
Jagdeep Singh Tops Global Salary: Net Worth of Jagdeep Singh
Jagdeep Singh’s estimated net worth is around $56 million as of 2025-01-03. He owns approximately 9,137,603 shares of QuantumScape Corp, worth more than $55 million. Jagdeep Singh is also the Executive Chairman of Infinera Corp and he holds approximately 191,248 shares of Infinera Corp (INFN), worth more than $1 million.
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