Parag Agrawal’s Net Worth and Complete Bio with Latest Updates in 2023
Parag Agrawal’s net worth is estimated at $1.6 million as of 2023. Before becoming the CTO of Twitter, he worked there for two years. Parag has been working with Twitter for ten years and became chief technology officer less than a year ago. The former Twitter CEO is an Indian-origin software executive.
We’ll tell you everything here you need to know about Parag Agrawal’s net worth, biography, education, job history, personal life, awards, philanthropy, and more.
Parag Agrawal Fired after Elon Musk’s Twitter Takeover
The world’s richest person Elon Musk on Thursday, October 27 completed his $44 billion (£38.1 billion) takeover of Twitter and immediately fired several top executives, including the CEO, Parag Agrawal. According to the reports, Chief Financial Officer Ned Segal and Vijaya Gadde, head of legal, policy, and trust, were sacked too.
Elon Musk stated on Twitter that his interest in the company was not motivated by a desire to make money. He said in a tweet, ‘the bird is freed’. Tesla CEO Elon Musk’s purchase concludes a six-month saga in which Twitter initially rejected Musk’s purchase offer and then sued the billionaire after he indicated he would back out of the deal due to concerns about spam accounts and whistleblower claims about lax cybersecurity practices.
Growth of Parag Agrawal’s Income
Parag Agrawal was named Twitter CEO on November 29, 2021. PeopleAI estimates Parag Agrawal net worth is around 1.6 million as of 2023.
His annual salary is $1 million, and he has bonuses and $12.5 million in restricted stock units. Working for Twitter and other prominent firms such as Yahoo and Microsoft are his key income sources. Before becoming CEO, his annual income was roughly $250,000.
|Parag Agarwal Net Worth (2023)||$1.6 Million|
|Net Worth In Indian Rupees||Rs. 15 Crore INR|
|Profession||CEO of Twitter|
|Monthly Income And Salary||$80,000 +|
|yearly Income||$1 Million +|
Parag Agrawal Career
Parag Agrawal, a former student who had interned at Microsoft, AT&T, and Yahoo, joined Twitter in 2011. Parag Agrawal began his career working on advertising-related items. Later, he turned his attention to artificial intelligence. On March 8, 2018, Parag Agrawal was named Twitter’s CTO.
His early work as CTO included employing artificial intelligence to improve the relevance of tweets in the Twitter timeline.
Parag Agrawal was with Twitter for ten years and was named its CEO. Parag Agrawal started working as a researcher for different organizations, including Microsoft, in June 2006 and departed in September 2006. Between June 2007 to September 2008, he worked for Yahoo as a research associate. He became a Twitter user in 2011.
He was hired as a software engineer to begin with. Parag Agrawal has been named Twitter’s chief technical officer due to Adam Massinger’s resignation. In 2019, he served as the project manager for the BlueSky initiative.
Parag Agrawal, the Chief Technology Officer, was in charge of the machine learning and artificial intelligence teams across the consumer, scientific, and revenue divisions. On November 29, 2021, Jack Dorsey, Twitter’s former CEO, announced his resignation and replaced him with Parag Agrawal.
How Does Parag Agrawal Become Twitter CEO?
Agrawal has worked at Twitter for almost ten years and is an Indian-American. According to his LinkedIn profile, he has previously worked with AT&Labs, Microsoft, and Yahoo!
According to HITC, Agrawal has been utilizing Twitter for a long time to demonstrate his great experience and skill set. The following Twitter executive also holds a Ph.D. in Computer Science. While speaking with the corporation, Jack praised Parag’s efforts.
According to Jack Dorsey: “Because I believe Twitter is ready to move on from its founders, I’ve decided to leave. As Twitter’s CEO, I have a lot of faith in him. His work has had a profound impact during the past ten years. I appreciate his talent, heart, and soul. It is now his turn to take the reins.”
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Parag Agrawal was also responsible for the Bluesky project. According to CNBC, Bluesky is a Twitter research project that aims to create open and decentralized social media platform standards.
According to Dorsey, the Bluesky project will allow social media companies to collaborate on how postings are promoted to users and give consumers more control over what they see.
Bluesky’s goal is to make it easier for social media platforms to police hate speech and other forms of abuse, allowing them to share the responsibility at a lower cost.
Jack Dorsey, the CEO of Twitter, isn’t the first to resign. According to The Verge, Jack Dorsey was the company’s original CEO, serving from 2006 to 2008 and then again from 2015 until his departure. Second, Evan Williams, who co-founded Twitter with Dorsey and served as its CEO from 2008 to 2010, is a notable figure. Finally, there’s Dick Costolo, who served as Twitter’s COO before becoming CEO from 2010 to 2015.
As a result, Parag Agrawal has become the company’s fourth president.
Parag Agrawal Net Worth 2023
According to The United States Sun, Parag Agrawal’s net worth is expected to reach $1.6 million as of 2023. However, Agrawal’s exact remuneration is now unknown. On the other hand, Twitter co-founder Evan Williams got paid $275,000 in 2018.
Given this, it’s reasonable to expect Parag to earn a six-figure salary. Even though he is expecting to gain a lot of money due to this promotion, Dorsey has different plans for his Twitter compensation.
According to Business Insider, the former Twitter executive and co-founder rejected any compensation and incentives in 2015, 2016, and 2017.
In 2018, Dorsey declined all wages and benefits except a $1.40 salary rather than accepting a high salary.
Parag Agrawal’s entire net worth is estimated to be $1.6 million, roughly equivalent to 15 crore Indian rupees in Indian currency (i.e., Fifteen Crore INR). As the next Twitter CEO, he will receive a $1 million annual salary plus a bonus and $12.5 million in restricted stock units (RSUs) that would vest in 16 equal quarterly increments beginning February 1, 2022.
Biography of Parag Agrawal
Parag Agrawal was born in Mumbai, Maharashtra, India, in 1984. Parag is now 37 years old. Parag Agrawal succeeded Jack Dorsey as the CEO of Twitter. He graduated from the Indian Institute of Technology, Bombay (B.Tech) and Stanford University after finishing his education at his birthplace (MS, Ph.D.).
According to his LinkedIn biography, Agrawal started his career at Twitter as a Distinguished Software Engineer, a role he held for six years before being promoted to CTO in 2017. Before joining Twitter, Agrawal worked in research at Microsoft, Yahoo!, and AT&T.
In 2012, he received his Doctor of Philosophy in Computer Science from Stanford University. Agrawal studied at the Indian Institute of Technology in Mumbai before coming to Stanford. Agrawal was born in India and now lives in San Francisco, California.
Education of Parag Agrawal
Parag Agrawal is an IIT Mumbai graduate. For the past ten years, Parag Agrawal has worked for Twitter associated since 2011. Before becoming the CEO of Twitter, he served as the company’s CTO. Parag Agrawal was named CTO of Twitter in 2017. Before joining Twitter, Parag Aggarwal worked for some large corporations, including Yahoo and Microsoft.
When Parag Agrawal joined the microblogging service Twitter, the company had fewer than 1,000 workers.
Parag Agrawal was a talented student who completed his schooling at the Atomic Energy Central School in Mumbai, passed the AIEEE exam, studied B. Tech Computer Science at IIT Bombay, and then completed his Ph.D. in Computer Science at Stanford University. Parag Agrawal began his career as a researcher at Microsoft in 2006 and has since worked at Yahoo. Parag Agrawal joined Twitter in 2011 and was promoted to Chief Technology Officer in 2017. He has been a part of the firm for the past ten years. Based on his education, Parag Agrawal built his career in the technology sector, and now he has become Twitter CEO.
Childhood and Family
Parag Agrawal was born in India to Indian parents Vineeta Agarwala is Parag Agrawal’s wife’s name. Anaamika Agrawal is Parag Agrawal’s daughter from his marriage to Vineeta Agarwala.
Parag Agrawal is a person of Indian ancestry. He was born in the Maharashtra state of India. His father was a prominent officer in the Indian Department of Atomic Energy, and his mother is a retired teacher. He also has a sibling. However, the names of his family members are unknown.
After completing his formal education in Mumbai, he enrolled at the prestigious Indian Institute of Technology (IIT) in Bombay. He has always been an excellent student with a strong interest in technology since childhood. He eventually relocated to the United States to obtain a Ph.D. in computer science at Stanford University.
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Parag Agrawal Wife
Parag is married to Vineeta Agarwala. They live in San Francisco, California, with their daughter Anamika. Vineeta is a physician and adjunct clinical professor at Stanford School of Medicine, according to her Twitter page.
She also contributes to Andreessen Horowitz, a venture capital firm that bills itself as a “platform” that “connects entrepreneurs, investors, executives, engineers, academics, industry experts, and others in the technology ecosystem.”
Vineeta holds a BS in biophysics from Stanford University and MD and Ph.D. degrees from Harvard Medical School/MIT, according to her website profile.
Parag Agrawal Child
Parag and Vineeta have a daughter named Anamika Agrawal. There are no other details about Anamika available on the internet.
What’s latest about Parag Agrawal?
After Elon Musk bought Twitter, people started to wonder what would happen to the company’s CEO, Parag Agarwal. Media reports say that after selling Twitter, Parag has told employees that the future of Twitter is uncertain with Elon Musk in charge. No one knows where the company is going at this point.
In November 2021, Parag took over as CEO of Twitter. According to the report from the research firm, if the company fires Parag before 12 months, it will have to pay him $42 million, which is about Rs 321 crore. Only five months have passed since Parag took over as CEO of the company. After Jack Dorsey quit in November, he was named CEO. You can tell us what you think in the comment box about his remaining as Twitter CEO.
Parag Agrawal Achievements
Since joining Twitter in 2011, Parag Agrawal has led efforts to scale Twitter Ads infrastructure and re-accelerate user growth by enhancing home timeline relevance. Before joining Twitter, he worked on large-scale data management research with collaborators at Microsoft Research, Yahoo! Research, and AT&T Labs.
Inquisitive, insightful, rational, innovative, demanding, self-aware, and humble were some of Dorsey’s adjectives about Agrawal. Twitter’s shares jumped about 5% after Jack Dorsey decided to step down as CEO. The stock has more than doubled since its IPO in 2016, but the last year has been challenging.
After their Appointment as Twitter CEO, What did Parag Agrawal Say?
After he was appointed new CEO last year, Parag Agrawal tweeted: “We owe a huge debt of gratitude to @jack and the rest of our team, and we’re very excited about the future. The note I submitted to the company is included. Thank you for your confidence and support.”
He said he is excited to build on everything the firm has accomplished under Dorsey’s leadership and that Twitter will continue to improve.
The CEO also promised to provide “tremendous value” to customers and shareholders.
Why did Jack Dorsey resign as Twitter’s CEO?
Dorsey outlined his decision to leave Twitter in an email to the company, which was later screenshotted and uploaded on the website.
He wrote, “There’s a lot of talk about how important it is for a company to be ‘founder-led.’
“In the end, I believe that’s a significant limitation and a single point of failure. I’ve put in a lot of effort to ensure that this company can break free from its founders.”
He explained that Parag Agrawal had been involved in every major decision made at Twitter in recent years. According to Dorsey, Bret Taylor has agreed to become the Chairman of the Board of Twitter.
“On behalf of the Board, I’d want to thank Jack for his visionary leadership and unwavering commitment to Twitter since its inception,” Taylor said of his new role.
“Jack returned to Twitter and saved the company at a critical juncture. Since then, the growth has been nothing short of amazing. Jack has left the world with something priceless, and we shall continue to carry it on.”
Dorsey is also an executive at Square, his digital payment business, and was asked by Elliott Management founder Paul Singer to step down as CEO of one of the companies.
Parag Agrawal: 5 Things to Know
- Parag Agrawal has been a Twitter employee for almost a decade. He began his career at Twitter as a Distinguished Software Engineer before rising to the position of Chief Technology Officer.
- As CTO, Parag was responsible for “overseeing machine learning and AI across the consumer, revenue, and science departments” and “Twitter’s technical strategy.”
- Before joining Twitter, Parag Agrawal held positions at Microsoft, Yahoo, and AT&T Labs.
- Parag Agrawal earned his bachelor’s degree in computer science and engineering from IIT Bombay and his doctorate from Stanford University.
- According to PeopleAI, Parag Agrawal’s net worth is estimated at around $1.6 million as of 2023.
Dorsey has a strong recommendation for Parag Agrawal. “After a thorough review of all choices, the board unanimously appointed Parag. Given how well he knows the organization and its needs, he’s been my first pick for a long time. Parag has been at the helm of every major decision that has aided in the turnaround of this organization. He’s curious, perceptive, logical, imaginative, demanding, self-aware, and humble. I learn from him regularly because he leads with his heart and soul. “I have complete faith in him as our CEO,” Dorsey wrote in an email.
Parag was at the top of Google Search after being Appointed as Twitter CEO
While the Twitter former CEO question appears standard, the rest reflect what most Indians worry about. “Parag Agrawal wife,” “Parag Agrawal IIT rank,” and “Parag Agrawal wife” were among the top searches. Yeah, the last one made us laugh as well. This one was most likely inspired by IIT students concerned about their financial worth in a few years.
Several Twitter users named Agrawal in their tweets, urging that the edit button be added immediately or that persons with blue verification badges be assisted. Some of them even demanded that their number of followers be increased. The craziest of them even contacted his wife, begging that she deliver their message.
While a large portion of the Internet went insane with insults and silly questions, many others praised the Indian-origin CEO on his promotions. Agrawal has been a part of the Twitter team for almost ten years, starting as an engineer. Agrawal joins an elite group of Indian-origin CEOs of the world’s most influential IT companies: Microsoft’s Satya Nadella and Google’s Sundar Pichai.
After ex-CEO Jack Dorsey shared his resignation letter in a personal tweet, the news shocked many. Dorsey, the creator of Twitter Inc, stated that the moment had come for the firm to thrive without the vision of its founder. He’ll stay on the board to help with the power and responsibility shift.