Meet The World's Highest Paid Employee
mind = blown
The weekend is calling, but before you sign off, let’s wrap up the week on a high note.
But before we start, here’s a dose of positivity for you:
‘The magic in new beginnings is truly the most powerful of them all’
Now, let’s get started with the BUSINESS UPDATES…
📌 TCS share price jumps 4% on impressive Q3 FY25 results
📌 Delhi airport’s T2 to shut down for 4-6 months
📌 Blinkit now delivers laptops, monitors, and printers in 10 minutes
📌 JSW steel's Q3 crude steel output rises 2% YoY to 7.03 million tonnes
This Indian-origin techie earns Rs 48 crore a day
Let’s talk about Jagdeep Singh, an Indian-origin tech genius who’s officially the world’s highest-paid employee. Brace yourself - his annual income is a jaw-dropping ₹17,500 crore! Yep, that’s roughly ₹48 crore every single day. To put that in perspective, his daily earnings outstrip the yearly revenue of some pretty big companies.
But where does all this money come from? Most of it is tied to stock options, valued at a staggering $2.3 billion.
So, who is Jagdeep Singh?
He’s not just any tech boss. With a BTech degree from Stanford and an MBA from UC Berkeley, he had the foundation to make waves in the tech world. Singh kicked off his career at big-name companies like Hewlett-Packard (HP) and Sun Microsystems, soaking up all the knowledge and experience he could.
By 1992, he was ready to strike out on his own and launched AirSoft, one of his first startups. Fast forward a few years (and several ventures later), Singh founded QuantumScape in 2010, and that’s where things really took off.
QuantumScape isn’t just another tech company; it’s revolutionizing the electric vehicle (EV) industry. The secret? Solid-state batteries. Unlike the regular lithium-ion batteries you’re familiar with, these don’t use liquid electrolytes. That makes them safer, faster to charge, and more energy-dense.
In short, these batteries tackle some of the biggest headaches for EV owners - like running out of juice mid-drive or waiting forever for a full charge. Thanks to Singh’s leadership, QuantumScape is shaping the future of transportation.
In February 2024, Singh decided to step down as CEO of QuantumScape, handing the reins to Siva Sivaram, who joined the company as President in late 2023. But Singh hasn’t completely stepped away - he’s still the Chairman of the Board, ensuring his vision stays part of the company’s DNA.
And guess what? He’s not done innovating. Singh is now working on something new - a "Stealth Startup." That’s all we know for now, but if his track record is anything to go by, it’s bound to be game-changing.
So, that’s it from me today!
See ya 👋
