Indian-Origin Tech Entrepreneur Jagdeep Singh Becomes World’s Highest-Paid Employee, Earning Rs 48 Crore a Day
Jagdeep Singh, the founder of QuantumScape, has earned the title of the highest-paid employee in the world with an astonishing annual income of Rs 17,500 crore (approximately $2.1 billion). A report by Times of India reveals that Singh earns a staggering Rs 48 crore a day, which surpasses the annual revenue of many prominent global companies.
Jagdeep Singh, the founder of QuantumScape, has earned the title of the highest-paid employee in the world with an astonishing annual income of Rs 17,500 crore (approximately $2.1 billion). A report by Times of India reveals that Singh earns a staggering Rs 48 crore a day, which surpasses the annual revenue of many prominent global companies.
His extraordinary salary package includes stock options valued at around $2.3 billion, which form a substantial part of his total earnings. QuantumScape, the electric vehicle (EV) battery company Singh founded in 2010, is at the forefront of pioneering innovations in battery technology, particularly solid-state batteries for electric vehicles. Unlike traditional lithium-ion batteries, QuantumScape’s solid-state batteries eliminate liquid electrolytes, enhancing safety, increasing energy density, and enabling faster charging times. These advancements have the potential to address critical issues such as range anxiety and long charging durations, making solid-state batteries a promising future for electric vehicles.
Singh’s journey to success has been remarkable. He holds a BTech degree from Stanford University and an MBA from the University of California, Berkeley. Singh’s career started in prestigious companies like Hewlett-Packard (HP) and Sun Microsystems, before branching out into founding multiple startups. His first venture, AirSoft, was launched in 1992, and after years of experience, he founded QuantumScape with the goal of revolutionizing battery technology.
QuantumScape’s breakthrough technology has gained support from high-profile investors such as Bill Gates and Volkswagen, helping propel the company to its current position in the EV market. As the Chairman of QuantumScape’s board, Singh led the company to its dominant position in the industry. In February 2024, Singh stepped down from his role as CEO, transferring the leadership to Siva Sivaram, the company’s new President. However, Singh remains actively involved as Chairman of the Board and is also the CEO of a “Stealth Startup,” according to his LinkedIn profile.
Jagdeep Singh’s journey underscores the immense potential of electric vehicle innovation and the business opportunities emerging in this rapidly growing sector. His success highlights the significant rewards that come with groundbreaking work in technology, innovation, and entrepreneurship, making him one of the most influential figures in the tech world today.
Sources By Agencies
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