New Delhi. If you work, you will definitely have some dissatisfaction regarding your salary. However, with time the sources of income have increased and people are focusing on better income by upgrading their jobs with better opportunities. In such a situation, today we are telling you about a person who gets a salary of Rs 48 crore every day and Rs 17,500 crore annually. Yes, the name of the person being talked about here is Jagdeep Singh.
With this huge salary, Indian CEO Jagdeep Singh has become the highest paid employee in the world. The amount that Jagdeep earns in a day is more than the annual revenue of many big companies.
Also read: This singer is richer than Sunidhi Chauhan and Shreya Ghoshal, net worth is Rs 210 crores; Know how she became so rich
Who is Jagdeep Singh?
Jagdeep Singh is the founder of QuantumScape and former CEO of the company. Jagdeep’s company QuantumScape makes solid-state rechargeable lithium metal batteries for electric cars. QuantumScape is headquartered in San Jose, California. You may be surprised by the fact that he founded his company only 5 years ago, in 2020, and in such a short time he has become the highest paid person in the world.
Jagdeep obtained B.Tech degree from Stanford University and MBA degree from University of California. Based on its next generation technology, QuantumScape was successful in raising funds from big names like Volkswagen AG and Bill Gates. The company can significantly accelerate EV adoption by providing automakers with a less expensive and safer alternative to lithium-ion batteries. The company was valued at approximately $50 billion at the end of last year.
How did Jagdeep get such a huge salary?
During a webcast of QuantumScape’s annual shareholder meeting, shareholders agreed to a multibillion-dollar pay package for its CEO. During the meeting, the package was passed in a preliminary vote. An advisor at proxy advisory firm Glass Lewis described the package as surprising. Actually, the company gave some such targets to the CEO, which were a bit difficult to achieve. Such a huge salary was decided on that basis.
Tags: business news, Success Story, successful business leaders
FIRST PUBLISHED: January 2, 2025, 20:56 IST
