Parag Agrawal Net Worth: Twitter CEO’s Worth Hit by Elon Musk Takeover

The most searched-for person online right now is Parag Agrawal. There have been rumors that Parag Agrawal, Twitter’s CEO, and Ned Segal, the company’s CFO, have left since Elon Musk took control of the company.

In his role as CEO of Twitter, Indian-American software engineer Parag Agrawal has elevated the prominence of prominent Indian figures. Parag Agrawal’s status at social media behemoth Twitter, however, has once again been in the spotlight due to a change in ownership.

Who is Parag Agrawal?

Agrawal has been with Twitter since 2011 when he was hired as a Distinguished Software Engineer. In the past, he has worked for companies including Microsoft, AT&T, and Yahoo. Agrawal rose up the ranks, first to chief technology officer, and then to CEO of Twitter in 2021, succeeding Jack Dorsey.

Dorsey announced his departure from the company in a note to employees, citing Agrawal as his top replacement pick “given how completely he understands the company and its needs.” Dorsey has said of him, “He leads with heart and soul, and is someone I learn from every day. As our company’s CEO, he has my whole confidence.

Agrawal obtained a Ph.D. in computer science from Stanford University, and his LinkedIn page states that he first attended the Indian Institute of Technology in Bombay.

Must Check: Robert Flaxman Net Worth: What Was His Income At The Time of His Death?

Parag Agrawal Early Life

Parag Agrawal’s birthplace is Ajmer in the Indian state of Rajasthan. Both of Parag’s parents have distinguished careers in the scientific and technological fields; his father was a top official in the Indian Department of Atomic Energy, and his mother taught economics at the Veermata Jijabai Technological Institute in Mumbai before retiring.

Parag Agrawal attended Atomic Energy Junior College in Mumbai for his final year of high school. Educated at the Indian Institute of Technology (IIT), Bombay, he graduated with a BS in Computer Science and Engineering in 2005.

Parag Agrawal left India in 2005 to study computer science under Jennifer Widom for a Ph.D. at Stanford University. Incorporating Uncertainty in Data Management and Integration is the title of Parag’s dissertation, which came out in 2012.

Parag Agrawal’s Net Worth

PeopleAI.com cites an estimate that places Agrawal’s net worth somewhere in the neighborhood of $31.6 million. Agrawal, along with the two ousted executives Gadd and Segal, will receive the payoff from Musk since he bought their shares of Twitter. Agrawal was one of the executives that were sacked.

According to CNN’s reporting, Musk paid $54.20 for each share when he purchased them, which means that Agrawal’s 155,000 shares were worth $8.4 million. Nevertheless, each of the three executives will receive what is known as “Golden Parachute Compensation.” This was agreed upon in the merger deal, and it comprises a year’s worth of base compensation, which for Agrawal is one million dollars.

Agrawal’s dismissal is significant from a financial perspective for a number of reasons, one of which is that he is scheduled to earn the accelerated vesting of all of his shares, which will ultimately wind up being worth $56.4 million.

Must Check: Rainer Schaller Net Worth: What Was His Worth At The Time of His Death?

Parag Agrawal’s Wife & Children

Vineeta Agrawal, Parag Agrawal’s wife, is a general partner at the venture capital company Andreessen Horowitz. Parag Agrawal is Parag Agrawal’s husband. They welcomed their first kid in 2018, and their second child followed in 2022. As the birth of Parag’s second kid occurred during his time as Chief Executive Officer of Twitter, he was granted paternity leave.

Parag Agrawal’s Career

Before beginning work as a software engineer for Twitter in 2011, Agrawal completed internships in the research departments of Microsoft Research and Yahoo! Research. Following Adam Messinger’s retirement from his position as chief technology officer in October 2017, Twitter made the announcement that Agrawal would be taking over in that role.

Jack Dorsey, the Chief Executive Officer of Twitter, made the announcement in December 2019 that Agrawal will be taking the helm of Project Bluesky, an endeavor to design a protocol for a decentralized social network.

Parag Agrawal And Elon Musk
Parag Agrawal And Elon Musk

Dorsey made the announcement that he was stepping down as CEO of Twitter on November 29, 2021, and that Agrawal would be taking over immediately in his place. Agrawal was given an annual salary of $1 million as compensation for his role as CEO, in addition to stock compensation totaling $12.5 million. As soon as Elon Musk finished acquiring the company on October 27, 2022, Agrawal was removed from his position as CEO and sacked.

Parag Agrawal on Twitter Polices

When asked about Twitter and freedom of speech, Parag Agrawal responded that the company’s role is not to be bound by the First Amendment; rather, Twitter’s role is to serve a healthy public conversation and to focus less on thinking about free speech and more on thinking about how the times have changed. Parag Agrawal was responding to a question posed by a journalist.

Hope you found the information valuable, share your views with us in our comment section, and don’t forget to visit our lakecountyfloridanews.com for future updates and Celebrity News.

Leave a Comment