Parag Agrawal is a former Twitter executive who was fired, along with three other top executives, following Elon Musk’s company purchase.
Before his dismissal, Agrawal served as Twitter’s Chief Technology Officer since March 2018 and briefly as Chief Executive Officer. He also served as the company’s Vice President of Engineering from November 2015 until his promotion in March 2018.
Also, Parag Agrawal was estimated to have a net worth of around $2 million before his dismissal.
This was primarily due to his position as Chief Technology Officer of Twitter, where he worked since March 2018 and served as the company’s Vice President of Engineering since November 2015.
However, following the firing of the four executives, Agrawal now has an estimated net worth of around $30 million, following the millions he received after his Twitter departure.
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Early Life
Agrawal had the privilege of being born in Ajmer, Rajasthan, to a father who was a high-ranking official for India’s Department of Atomic Energy and his mother, an esteemed retired Economics professor from Veermata Jijabai Technological Institute located in Mumbai.
In 2001, he finished his last year of secondary education at Atomic Energy Junior College in Mumbai. He was awarded a gold medal for being the top performer at the International Physics Olympiad held that same year in Antalya, Turkey.
In 2005, Agrawal earned his Bachelor of Technology degree in computer science and engineering from the prestigious Indian Institute of Technology in Bombay.
Pursuing a Ph.D. in Computer Science, he left his homeland in 2012 and set sail for the United States to attend Stanford University. Under the tutelage of Jennifer Widom, he finished his thesis titled “Incorporating Uncertainty in Data Management and Integration, ” published that same year.
Career
Parag Agarwal cut his teeth in the technology industry, working for Microsoft as a software engineer from 2005 to 2007. After that, before joining Twitter, he decided to join Google, where he worked for five years as part of their Adwords engineering team.
In 2011, Agrawal joined Twitter and was appointed Senior Director of Engineering.
He helped develop critical features like the Twitter homepage, search engine, and conversations. In 2015, he was promoted to Vice President of Engineering, and two years later, he became the company’s Chief Technology Officer.
On November 29, 2021, the former CEO of Twitter, Jack Dorsey, announced to the public his decision to step down from his position and that Agrawal was taking over the role immediately. As Twitter CEO, Parag Agrawal was awarded annual compensation of $1 million and stock compensation worth $12.5 million.
However, when Elon Musk purchased Twitter in 2022, Agrawal was one of four executives to be let go from their positions. According to a person close to the situation, one of Twitter’s executives was escorted out of their San Francisco headquarters by security (via Business Insider).
He received millions of dollars as a severance package, leading to his current net worth of around $30 million.
Parag Agrawal Net Worth 2023
As of May 2023, Parag Agrawal’s estimated net worth is around $30 million. He earned his wealth primarily from his career as a technology executive at Twitter and Google. He was awarded a substantial severance package after he was let go from the company following Elon Musk’s purchase of it.
Parag Agrawal Salary
Agrawal’s salary as Twitter’s Chief Executive Officer was around $1 million yearly. He also received stock compensation worth $12.5 million when he took over the role in 2021. Additionally, after being let go from the company in 2022, Agrawal received millions of dollars as a severance package.
Personal Life
Parag Aggarwal is a married man and has two children. He currently resides in San Francisco with his family.
In his free time, he enjoys traveling and photography. He’s also an avid philanthropist and actively donates to causes related to education, health care, and the environment.
Parag Agrawal Wife
Parag Agrawal is married to his college sweetheart. The couple met while studying at the Indian Institute of Technology and have been together since then. They have two children, a daughter, and a son, both of whom are in school in San Francisco.
Frequently Asked Questions (FAQ)
How much does Parag Agrawal earn?
In 2021, when Parag Agrawal was appointed Twitter CEO, his annual salary amounted to around $1 million, and he received a staggering $12.5 million in stock compensation. Furthermore, even after being released from the company in 2022, Agrawal still bagged millions of dollars as part of his severance package.
How did Parag Agrawal get rich?
Parag Agrawal earned most of his wealth through his career in technology, working for companies such as Google and Twitter.
As previously mentioned, he was also awarded a substantial severance package when he was let go from the company following Elon Musk’s purchase of it.
What is the salary of Parag Agarwal in rupees?
Parag Agrawal’s estimated net worth of $30 million is the equivalent of 2,259,003,000 Indian Rupees (INR). That amount is staggering and could do much for many people in India.
For perspective, it would be enough to purchase nearly 28,000 flats in Ahmedabad or more than 80,000 flats in Kochi. Furthermore, his salary as Twitter CEO was almost 10 crore (INR) per year and his stock compensation amounted to about 75 crore (INR).
What are Parag Agrawal’s qualifications?
Parag Agrawal holds a Bachelor’s degree in Computer Science from the Indian Institute of Technology (IIT) and a Master’s degree in Electrical Engineering from Stanford University.
He also has an MBA from the University of California, Berkeley.
Which bank CEO has the highest salary?
According to Business Insider, the bank CEO with the highest salary is Brian Moynihan of Bank of America.
In 2021, he was awarded an annual salary of $1.35 million and a cash bonus of $27 million. He has been the company’s CEO since 2010 and serves as its Chairman. Additionally, Moynihan has received tens of millions in stock grants over the years.
What is the highest salary out of CEOs in India?
The highest salary among Indian CEOs is reportedly Indra Nooyi, the former CEO of PepsiCo.
She was paid an annual salary of over $8 million in 2020 and received more than $20 million in total compensation during her tenure. According to Forbes, she was worth a staggering US$ 24 billion before her retirement.
Key Takeaway
Parag Agrawal’s net worth has skyrocketed since his time as Twitter CEO. After being appointed to the role in 2021, he earned an annual salary of around $1 million and a stock compensation package worth $12.5 million.
Even after being fired from the company in 2022, he still received millions of dollars in severance pay, further increasing his already impressive wealth. His estimated net worth is about $30 million, which translates to more than 2 billion Indian Rupees (INR).
Parag Agrawal exemplifies how hard work and dedication can lead to success on any scale; what was once just a dream turned into reality through sheer determination and commitment to excellence.
DISCLAIMER: The net worth of Parag Agrawal that is reported here is an estimate based on public information about his annual salary and severance package. It is important to note that this estimated number may not accurately reflect the true wealth of Parag Agrawal as it does not account for any private investments, business ventures, or other income sources. The net worth of other CEOs mentioned in the article is also based on estimates.
The information provided here should be used for informational and educational purposes only. Consult a qualified financial advisor before making decisions about your finances or investments. Any reliance you place on such information is strictly at your own risk.