Parag Agrawal became the latest Indian-origin person to head a major US-based tech company, following the likes of Google-parent Alphabet’s CEO Sundar Pichai and Microsoft CEO Satya Nadella. So, all the attention is on him and his family.
Here we cover details on Parag Agrawal’s parents, his new salary as a CEO, his wife, his age, and his net worth.
Parag Agrawal Salary As Twitter’s CTO
Parag Agrawal took the position of Chief Technology Officer on Twitter after former CTO Adam Messinger quit his job in 2017. According to the reports of Vox, Adam was drawing an annual salary of $484,231. So, after Parag took over, he must’ve made at least $200 thousand as a yearly salary.
Parag has been working as Twitter’s CTO since 2017, so, he must’ve also been paid in stocks as a bonus and compensation. He played a crucial role behind the scene working, for now, former-CEO Jack Dorsey. He pocketed a handsome amount in cash and stock on Twitter.
Parag Agrawal Salary As Twitter’s CEO
Now the question remains, how much salary will Parag Agrawal make as the new CEO of Twitter? According to the company filing, Parag will receive an annual salary of $1 million, plus bonuses, as well as restricted stock units and performance-based stock units valued at $12.5 million. The information came from the company filing and you can view it here.
In Item 5.02 of the document, it states, “In connection with his appointment as Chief Executive Officer, the Company entered into an offer letter (the “Offer Letter”) with Mr. Agrawal, effective November 29, 2021. Pursuant to the Offer Letter, Mr. Agrawal will receive an annual salary of $1,000,000 and will continue to be a participant in the Company’s executive bonus plan with a new target bonus of 150% of his annual base salary.”
The document also stated, “Under the terms of the Offer Letter, in December 2021, the Board will grant to Mr. Agrawal restricted stock units (“RSUs”) with a grant date face value of $12,500,000. The RSUs will vest in 16 equal quarterly increments (each being 6.25% of the grant) starting February 1, 2022, subject in each case to Mr. Agrawal remaining an employee of the Company through the applicable vesting date. In April 2022, the Board will grant Mr. Agrawal performance-based RSUs (“PRSUs”) with a grant date face value of $12,500,000. The performance goals for those PRSUs will be determined by the Compensation Committee of the Board (the “Committee”) on or before the grant date.”
How Much Is Parag Agrawal Net Worth?
Given the years he worked as a software engineer Parag Agrawal sits on a total net worth of at least $2.5 million excluding his public assets that include Twitter stocks. And with the massive increase in his basic pay and bonuses, he will be worth 10s of millions in no time.
Parag started his career in Microsoft in research in June 2006. After four months working in the company, he joined Yahoo in 2007 in research where he worked for almost one and a half years. Then, he again joined Microsoft Corporation in June 2009 and he worked till September 2009.
To further his career, Parag enrolled at AT&T Labs Inc. in June 2010. Just after four months of joining the company, he quit his job to join Twitter as Distinguished Software Engineer. In October 2017, he was promoted to Twitter to become Chief Technology Officer.
Parag Agrawal Parents
His father, Ram joined BARC Bombay after completing his engineering studies. He attended Govt. Oswal Jain Sr. Sec. School, Ajmer and completed his college education at MBM Engineering College.
Parag’s father formerly worked at Bhabha Atomic Research Centre as a former ex-head at RTD.
Speaking about his mother, Sashi hailed from Bhilwara in Rajasthan, India. She attended Government Girls High Secondary School Bhilwara. After that, she completed her college education in m.b.college Udaipur.
Sashi was a former professor at V.J.T.I.
Parag’s family hailed originally from Ajmer, a city in India.
Parag Agrawal Religion
Since Parag Agrawal’s parents worship Hindu deities, he is Hindu by religion.
How Old Is Parag Agrawal?
At the time of his appointment as the new CEO of Twitter, Parag Agrawal was 37 years old.
How Tall Is Parag Agrawal?
Parag Agrawal stands tall to the height above 5 feet 10 inches.
Where In India Did Parag Agrawal Recieve His Education?
Parag Agrawal attended Atomic Energy Central School. Then, he enrolled at the Indian Institute of Technology, Bombay where he completed his B. Tech in Computer Science and Engineering.
Does Parag Agrawal Have Siblings?
Yes, Parag Agrawal has one sibling, his sister Kunal Agrawal. She is on Facebook but shared very little. Like her brother, she also attended Atomic Energy Central School in Mumbai.
Parag and his sister spent their childhood in Bombay at Anushakti Nagar. Both of the siblings are settled in the United States.
Is Parag Agrawal Married?
Parag Agrawal is married to adjunct clinical professor Vineeta Agarwala. She holds a BS in biophysics from Stanford University, an MD and Ph.D. degrees from Harvard Medical School/MIT. The couple got engaged on 20 October 2015.
Newly appointed Twitter CEO announced on his IG: “She said yes!”
Parag celebrated second anniversary in 2017 with a Twitter post where he wrote, “On this day in Central Park, @vintweeta said yes. #anniversary.” The tweet came attached with a picture of him down on his knees proposing to Vineeta.
Parag and Vineeta married in late January 2016. According to a Facebook post, they held their wedding ceremony at Jaipur, in India. The couple shares a son named Ansh.