Jagdeep Singh, a self-made Indian-origin entrepreneur, has broken records as the highest-paid CEO in the world with a daily income of Rs 48 crore. With a background in tech giants HP and Sun Microsystems, Singh now leads his own company, Quantumscape, which is revolutionizing electric vehicle batteries with cutting-edge solid-state technology. This achievement not only showcases Singh's passion for innovation but also sets a new standard for corporate leadership.
Jagdeep Singh: A Self-Made Billionaire and CEO of Quantumscape
Jagdeep Singh, an Indian-origin entrepreneur, has emerged as one of the most successful business leaders in the world. As the CEO of Quantumscape, a company specializing in solid-state battery technology for electric vehicles, Singh has broken records and set new standards in corporate leadership.
Background
Born in India, Jagdeep Singh earned his bachelor's degree in computer science and engineering from Punjab Engineering College. He began his career at Hewlett-Packard (HP) in 1999, where he rose through the ranks and eventually became the CTO of HP's Storage Division. In 2009, Singh joined Sun Microsystems, where he played a key role in developing the company's cloud computing strategy.
Quantumscape
In 2010, Singh co-founded Quantumscape with the mission of revolutionizing electric vehicle batteries. The company's focus on solid-state technology, which promises improved energy density, longer battery life, and faster charging times, has attracted significant attention from both the automotive industry and investors.
Under Singh's leadership, Quantumscape has achieved several milestones:
Record-Breaking Earnings
Singh's success at Quantumscape has resulted in record-breaking earnings. In 2021, he became the highest-paid CEO in the world, with an annual salary of $185 million and a daily income of approximately Rs 48 crore. This salary was based on the company's exceptional performance and the value created for shareholders.
Top 5 FAQs
1. What is solid-state battery technology?
Solid-state battery technology uses a solid electrolyte instead of a liquid or gel electrolyte. This solid electrolyte enables higher energy density, improved safety, and faster charging times.
2. Why is Jagdeep Singh's salary so high?
Singh's salary is based on Quantumscape's exceptional performance and the value created for shareholders. The company's solid-state battery technology has the potential to revolutionize the electric vehicle industry.
3. What is the future of Quantumscape?
Quantumscape is poised to play a major role in the future of electric vehicles. The company's solid-state battery technology has the potential to improve the range, performance, and affordability of electric vehicles.
4. What are Singh's plans for the future?
Singh plans to continue leading Quantumscape and drive the commercialization of solid-state battery technology. He is also committed to investing in research and development to push the boundaries of battery innovation.
5. What are the challenges facing Quantumscape?
Quantumscape faces challenges in scaling up production and meeting the demands of the automotive industry. The company must also navigate regulatory hurdles and competition from other battery manufacturers.
The Social Security Administration recently released updates for 2026, including a potential 2.7% increase to benefits. However, the official announcement of the cost-of-living adjustment (COLA) could be delayed due to the government shutdown. While an increased COLA is positive for beneficiaries, some argue that it still may not keep up with the rising cost of living. Additionally, beneficiaries who currently receive physical paper checks will need to make arrangements for direct deposit or a Direct Express card to continue receiving their benefits.
The Indian government has given its approval for the formation of the 8th Central Pay Commission, which will be tasked with assessing and making recommendations around pay, benefits, and working conditions for over 1.2 crore central government employees and pensioners. The Commission, which will have a chairperson, a part-time member, and a member-secretary, will have 18 months to complete its work and will also look at emolument structures and conditions in the private sector and CPSUs. The recommendations are expected to be implemented from January 1, 2026.
Prime Minister Narendra Modi launched the Gyan Bharatam Portal, dedicated to preserving and promoting India’s vast and unique manuscript heritage. Speaking at the Gyan Bharatam International Conference, PM Modi emphasized the importance of preserving India’s knowledge legacy and adapting to changing times. He also highlighted how the ancient manuscripts reflect India’s diverse cultural heritage and contribute to humanity’s progress in various fields.
The Bharat International Rice Conference (BIRC) 2025, organized in New Delhi, has gathered delegates from over 80 nations, aiming to boost India's rice export share from 40% to 60%. IREF National President Prem Garg highlighted the need for increased export to benefit Indian farmers and declared the rice industry to be self-sufficient. The event, with participation from farmers, diplomats, and exporters, also emphasizes on banning pesticides and government support with ports and logistics to further boost the industry.
Prime Minister Narendra Modi's announcement, coinciding with the 150th birth anniversary of Sardar Vallabhbhai Patel, to showcase only indigenous Indian dog breeds at the upcoming National Unity Day Parade highlights the country's reliance on self-sustained K9 forces. The Ekta Diwas Samaroh celebrated India's diversity and unity, while PM Modi emphasized the significant role of indigenous dog breeds in Indian military and cultural traditions. With the current population of 150 Indian breeds deployed in strategic areas, the initiative, which gained momentum after PM Modi's visit to the BSF National Dog Training Centre in 2018, showcases the agility, stamina, and adaptability of these breeds in diverse terrains and climates.
A young Australian expressed their difficulty in managing their finances and confessed to spending a whopping $994 on eating out in a month. Seeking advice from Reddit users, they revealed a pricey morning routine that contributed to their high expenses. Despite also spending on family meals, the important takeaway is that they acknowledged the need for budgeting and were open to learning from others' financial wisdom.
Nvidia, the Silicon Valley titan, has broken yet another market record by becoming the first company to reach a staggering $5 trillion valuation. The remarkable achievement highlights the profound impact of the company's AI chips in driving the ongoing AI revolution. However, concerns have been raised about inflated tech valuations, with the IMF warning of a possible "AI bubble." As Nvidia continues to expand globally and diversify its offerings, it remains to be seen if it can sustain its unprecedented growth.
The Federal Reserve announced a quarter point rate cut, bringing the benchmark interest rate down to a range of 3.75% to 4%. While some economists predict another cut in December, Federal Reserve Chair Jerome Powell stated that a third consecutive reduction is not guaranteed. The decision was made amid the ongoing government shutdown, causing policymakers to rely on private sector indicators for their decision. This move signals the Fed's greater concern about a cooling job market than lingering inflation. With 10 out of 12 members voting in favor of the action, the outcome of the meeting showcased deep division.
Father Muller Charitable Institutions, led by director Fr Faustine Lucas Lobo, has taken a big step towards progress and excellence by inaugurating and blessing four modern classrooms for the students of Father Muller College of Physiotherapy and Father Muller College of Allied Health Sciences. The ceremony, attended by management committee members, faculty, and staff, also saw the presence of respected individuals like Dr Michael Santhumayor and Fr George Jeevan Sequeira. These new additions are a testament to FMCI's commitment to providing top-quality education to its students.
The US Federal Reserve made the decision to reduce its key interest rates for the second time in a row, bringing it down to 3.75%-4.00%. The rate cut was approved by a 10-2 majority vote, with two dissenters who wanted a steeper cut or no cut at all. The Fed also announced that it will stop the reduction of its asset holdings from December 1, but did not provide any indication of its plans for the next meeting in December.