Jagdeep Singh Becomes World’s Highest-Paid Professional with ₹17,500 Crore Annual Salary
Jagdeep Singh Becomes World's Highest-Paid Professional with ₹17,500 Crore Annual Salary
Jagdeep Singh, an Indian-origin entrepreneur, has made headlines for becoming the highest-paid professional globally. His daily earnings amount to ₹48 crore, totaling an impressive ₹17,500 crore annually.
In comparison, Alphabet’s CEO Sundar Pichai, another well-known Indian-origin executive, earns ₹1663 crore annually as of April 2023, with perks pushing his total to ₹1854 crore, or approximately ₹5 crore per day.
Singh is the founder of QuantumScape, established in 2010, which specializes in next-generation solid-state batteries aimed at improving energy efficiency and reducing electric vehicle (EV) charging times. Under his leadership, QuantumScape has revolutionized the EV industry, with investors such as Volkswagen and Bill Gates backing the company.
Before founding QuantumScape, Singh held various leadership positions for over a decade. He holds a B.Tech from Stanford University and an MBA from the University of California.
Reports suggest that Singh’s compensation package includes stock options valued at ₹19,000 crore ($2.3 billion). However, Singh announced that he would step down as QuantumScape’s CEO on February 16, 2024, passing the leadership baton to Shiv Shivram. He is now focusing on a “stealth startup” exploring cutting-edge technologies.
Singh’s remarkable career journey, from employee to the highest-paid professional globally, exemplifies the potential of Indian talent and underscores India’s growing influence in the global tech and innovation landscape. His story continues to inspire many.
