This Friday, tech billionaire Elon Musk validated his enduring buyout of Twitter– utilizing his
newly found power to knock some crucial executives off the board, consisting of CEO Parag Agrawal.
Agrawal’s journey at Twitter was relatively storied. The IIT-Bombay x Stanford graduate initially associated himself with Microsoft and Yahoo!, prior to signing up with Twitter in 2011 with a half-baked Ph.D. on his plate.
He quickly discovered himself dealing with expert system jobs created to evaluate user information and push ads– producing countless dollars for the platform.
But just how much has Agrawal accumulated for himself? Let’s take a more detailed look.
Assured Assets
Agrawal’s brief however excellent stint at the helm of Twitter saw the business’s earnings increase by 17.45%– varieties that enabled him to get a yearly wage of one million dollars. He got a yearly efficiency bonus offer of up to 150% of his base income– representing another $2.5 million.
This isn’t as essential as the termination agreement he has actually worked through. Out of the overall $88 million used to leading Twitter officers who got the axe today, Agrawal will take house the biggest payment of $387 million, mainly due “to the whole of his shares vesting upon his shooting”.
These shares were roughly worth $125 million– leaving an approximate net worth of practically $50 million, which is an almost 1500% increase in his worth throughout the in 2015.
What Will Agrawal Spend On?
Given the truth that his wealth has actually increased enormously– perhaps since of Agrawal’s rather laissez-faire technique to dealing with Elon’s takeover strategies– Agrawal can do practically anything he
desires for a while.
He isn’t one to sit around and bide his time. The majority of Agrawal’s profession is cluttered with examples of deep research study into AI, information management, and other associated fields, all of which are seriously profitable in2022 Of specific interest is his management of Project Bluesky– a little group embeded in location by ex-Twitter CEO Jack Dorsey that intends to establish a decentralized social media network procedure.
Given his interest in the field, some feel that Agrawal will utilize his newly found funds to spearhead brand-new business– possibly utilizing his earlier years of research study work for a few of the most significant tech
business worldwide.
Meanwhile, Musk– who was just recently involved in a report that recommended he was intending to fire
75% of Twitter’s labor force– lightened fans in the wake of shooting Agrawal and a few of his
staff members.
On Thursday, Musk composed a message to assure marketers that socia