In today’s job market, high-paying jobs are no longer limited to corporate executives. Entrepreneurs and innovators in new industries are also earning top salaries. One such person is Jagdeep Singh, the CEO of Quantumscape, who is now the highest-paid employee in the world, earning Rs 17,500 crore annually. His success shows the growing impact of Indian talent globally.
Jagdeep Singh CEO Biography
Jagdeep Singh is a successful entrepreneur in his early 50s, known for his work in technology, particularly in electric vehicles (EV) and energy storage. He founded QuantumScape, a company that develops advanced solid-state batteries for electric cars. Singh’s career is filled with accomplishments, reflecting his passion for creating innovative technology.
Meet the ₹48 Crore Per Day CEO: Jagdeep Singh Who Gets Record-Breaking ₹17,500 Crore Salary!
Jagdeep Singh, the former CEO of QuantumScape, has gained attention for his incredible earnings, reportedly making ₹48 crore (around $5.8 million) per day. His annual salary package of ₹17,500 crore sets a new record in CEO pay, mostly due to stock options and performance bonuses tied to his work at QuantumScape.
Singh’s leadership helped the company grow quickly, especially with innovations in solid-state battery technology, which offers faster charging and better safety than traditional batteries. His success attracted investments from big names like Bill Gates and Volkswagen.
Singh holds degrees from Stanford University and UC Berkeley, providing him with the skills to lead in the electric vehicle industry.
🚨 Indian origin CEO Jagdeep Singh is the world’s highest-paid employee, who is earning Rs 48 crore a day with an annual income of ₹17,500 crore. pic.twitter.com/RahGzqHCqR
— Indian Tech & Infra (@IndianTechGuide) January 4, 2025
Education & Early Career
Jagdeep Singh started his journey with a strong education in technology. He studied Computer Science at the University of Maryland and then earned a Master’s Degree in Computer Science from Stanford University. He also completed an MBA from the University of California, Berkeley, gaining the business skills to turn his tech ideas into successful companies.
Singh’s career began at large tech companies like HP and Sun Microsystems between 1987 and 1991, where he gained valuable industry experience. In 1992, he founded his first company, AirSoft, followed by Lightera Networks in 1998. He served as CEO of Lightera for a year before moving to Ciena as President of the Core Switching Division in 1999. In 2001, he founded Infinera, a company focused on optical networking, which grew into a major player in the tech industry.
Founding QuantumScape & Resigning from QuantumScape
In 2010, Jagdeep Singh founded QuantumScape intending to create better batteries for electric vehicles. These solid-state batteries were safer, longer-lasting, and faster charging than the typical lithium-ion batteries used in most electric cars. Under Singh’s leadership, QuantumScape became a leader in developing advanced battery technology and attracted major investors like Volkswagen and Bill Gates.
On February 16, 2024, Singh stepped down as CEO of QuantumScape and passed the role to Siva Sivaram. Even though he’s no longer leading QuantumScape, Singh is now focusing on a new secret project as the CEO of a “stealth startup,” the details of which remain under wraps.
Wife & Net Worth
Jagdeep Singh is married to Raminder Kaur, who is self-employed.
Jagdeep Singh’s success has made him one of the highest-paid executives in the world. He earns around Rs 17,500 crore (about $2.3 billion) annually, including stock options. This incredible salary reflects his significant impact and leadership in the tech industry.
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Kartik Mishra has a knack for turning complex stories into easy-to-understand narratives. With more than 5 years in blog writing, he specializes in covering the lives of public figures and bringing their journeys to life through well-researched articles.