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Parag Agrawal Net Worth: Early Years, Career& More!
Right now, Parag Agrawal is the subject of most search queries conducted online. Since Elon Musk seized ownership of Twitter, there have been speculations that the company’s Chief Executive Officer, Parag Agrawal, and Chief Financial Officer, Ned Segal, have left their positions.
The Indian-American software developer and current CEO of Twitter, Parag Agrawal, has helped bring more attention to renowned Indian individuals through his work in this role. The situation of Parag Agrawal at the social media giant Twitter, on the other hand, has once again been brought into the public eye due to a change in ownership of the company.
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Who Is Parag Agrawal?
Since his employment there began in 2011, when he was given the title of Distinguished Software Engineer, Agrawal has been with Twitter. In the past, he has held positions at a number of organizations, including Yahoo, AT&T, and Microsoft. Agrawal worked his way up through Twitter’s ranks, first becoming the company’s chief technical officer and eventually succeeding Jack Dorsey as CEO in 2021.
In a statement that he sent to the company’s employees, Dorsey revealed that he would soon be leaving his position there and cited Agrawal as his top replacement candidate “given how totally he understands the company and its needs.” In reference to him, Dorsey has stated, “He leads with heart and soul, and is someone I learn from every day.” Because he is the CEO of our company, he has my complete trust.
Early Years Of Parag Agrawal’s Life
The city of Ajmer, which is located in the state of Rajasthan, is where Parag Agrawal was born. Both of Parag’s parents have had illustrious careers in the fields of science and technology; 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 she retired. Parag was named after his mother’s alma mater, Veermata Jijabai Technological Institute.
His senior year of high school was spent at the Atomic Energy Junior College in Mumbai, where Parag Agrawal was a student. In 2005, he received his Bachelor of Science degree in Computer Science and Engineering from the Indian Institute of Technology (IIT), which is located in Bombay.
In 2005, Parag Agrawal moved to the United States to pursue a doctoral degree in computer science at Stanford University under the tutelage of Jennifer Widom. The title of Parag’s dissertation, which was published in 2012, is “Incorporating Uncertainty in Data Management and Integration.” This work was completed in 2012.
PeopleAI.com offers an estimate that places Parag Agrawal’s net worth somewhere in the vicinity of $31.6 million. This estimate sets Agrawal’s net worth somewhere in the neighborhood of $31.6 million.
Agrawal, along with the two former executives Gadd and Segal, will receive compensation from Musk because he bought their shares of Twitter. Segal and Gadd were also terminated from their positions. Agrawal was one of the executives who was terminated from their position.
According to the reporting done by CNN, Musk paid $54.20 for each share when he purchased them, which indicates that Agrawal’s 155,000 shares were worth $8.4 million at the time. Despite this, each of the three executives will get what is known as “Golden Parachute Compensation” when they leave their positions.
This was something that was discussed and agreed upon during the merger negotiations, and it includes one year’s worth of basic compensation, which for Agrawal is one million dollars.
Agrawal’s termination is significant from a monetary viewpoint 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.
The Spouse And Offspring Of Parag Agrawal
Andreessen Horowitz is a venture capital firm, and Vineeta Agrawal, who is married to Parag Agrawal, holds the position of general partner there. Parag Agrawal is Parag Agrawal’s husband.
They became parents for the first time in 2018, and two years later, in 2022, they had another child. Paternity leave was granted to Parag so that he could be with his new child after the birth of his second child, which occurred during his stint as Chief Executive Officer of Twitter.
Parag Agrawal’s Net Worth
On the other hand, this Indian’s understanding can make it possible for him to enter other markets that are related to communication. At this point in time, the more than $42 million that he would get as severance money for his firing would signify a new beginning in his professional life at the age of 37.
Even though Agrawal had only completed a portion of his Ph.D. when he joined Twitter in 2011, he was able to join the technical team that was in charge of ad technology because of this.
In the course of her career, she has held positions at both Microsoft and Yahoo!, but when she worked at Twitter, she utilized a concept known as machine learning, which is one of the most promising techniques for artificial intelligence and is based on the analysis of data, in this case, the data of millions of users.
Parag Agrawal’s Career
Agrawal conducted internships in the research units of both Microsoft Research and Yahoo! Research prior to beginning employment as a software developer for Twitter in 2011. Twitter made the announcement that Agrawal would be taking over as chief technology officer in October 2017, shortly after Adam Messinger stepped down from his role as CTO. Messinger had held the position since October 2013.
In December 2019, Jack Dorsey, the Chief Executive Officer of Twitter, made the announcement that Agrawal would be taking the helm of Project Bluesky, an endeavor to design a protocol for a decentralized social network. Bluesky is an endeavor to design a protocol for a decentralized social network.
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