1 week Ago By Pravrajya Suruchi
Indian-origin entrepreneur Jagdeep Singh has become the talk of the town lately, as his name and face are going viral. The reason for this buzz is that he has now become the highest-paid employee in the world, surpassing even the highest-paid CEOs globally. Singh's salary is so extraordinary that if we break it down to a daily earning, it comes out to Rs 48 crore, which amounts to a staggering Rs 17,500 crore annually.
This has sparked a lot of curiosity about what work Jagdeep Singh has done to earn such a remarkable salary. Jagdeep Singh's rise to fame is not just about one individual but about the recognition of Indian talent on the global stage. His journey is a prime example of how technological innovation can lead to great success.
Singh is the founder of QuantumScape, a company he established in 2010. QuantumScape focuses on developing next-generation solid-state batteries that significantly enhance the energy efficiency of electric vehicles (EVs) while also reducing charging time. This groundbreaking work has been likened to a revolution in the world of electric vehicles.
Singh’s leadership and vision have earned him global recognition, and major players in the industry have backed him. Notable investors include Volkswagen and Bill Gates, who trusted him and invested in QuantumScape. Before founding QuantumScape, Singh gained over 10 years of experience in various key roles in several companies, allowing him to understand emerging technologies deeply.
He is also highly educated, having completed his B.Tech from Stanford University and an MBA from the University of California. Singh’s salary package included stock options worth Rs 19,000 crore (around $2.
3 billion), a reward for his personal achievements and significant contributions to the growth of QuantumScape. However, on February 16, 2024, Singh resigned as the CEO of QuantumScape and handed over the reins of the company to Siva Sivaram. Despite stepping down, Singh’s journey continues.
He is now the CEO of a “stealth startup” and is working on developing new technologies that could lead to even more breakthroughs in the future. His social media account (@startupjag) shows that he is deeply involved in innovation, hinting at more miracles to come. Interestingly, Sundar Pichai, the CEO of Google’s parent company Alphabet, is also among the highest-paid CEOs.
As of April 2023, Pichai’s annual salary stands at Rs 1663 crore, with allowances that take his total compensation to about Rs 1854 crore, which works out to around Rs 5 crore per day. However, Jagdeep Singh's extraordinary salary package has set a new benchmark in the corporate world, placing him at the top of the pay scale..
