Sundar Pichai lost a fifth of his wealth last year – check the net worth of other Indian-origin CEOs
- Google CEO Sundar Pichai lost a fifth of his wealth in the past year.
- Adobe CEO Shantanu Narayen lost 16% of his wealth while that of Microsoft’s Satya Nadella remained unchanged.
- The richest professional manager in the list is Arista Networks’ Jayshree Ullal, with a wealth of ₹16,600 crore.
AdvertisementGoogle CEO Sundar Pichai has lost a fifth of his wealth last year, according to the IIFL Hurun India Rich List 2022. His net worth fell 20% to ₹5,300 crore, but he ranks amongst the top ten richest professional managers in the list.
Back in 2018, Pichai turned down a fresh grant of stock options, saying he was already paid “generously”.
Some of his peers who are Indian origin CEOs of US based companies also did not do very well, wealth-wise. Adobe CEO Shantanu Narayen’s wealth fell 16% to ₹3,800 crore.
The wealth of Satya Nadella, the CEO of Microsoft did not change last year and stood at ₹6,200 crore.
The former executive chairman of Mastercard and currently the vice chairman of equity firm General Atlantic, Ajay Banga is richer than Nadella, Pichai and Narayan. But, he too lost 6% of his wealth last year – which now stands at ₹6,500 crore.
Thomas Kurian, who currently heads Google Cloud, lost 3% of his wealth last year. He currently has a wealth of ₹12,100 crore, according to the Hurun rich list.
The report notes that the professional managers in this list are those who have created their wealth from the stock options of the companies they worked for.
Some of them have now left those companies and joined new ones – like Thomas Kurian, who left Oracle to head Google’s cloud division; and Ajay Banga, who left Mastercard to join General Atlantic.
AdvertisementHowever, not all professional managers in the top 10 list, lost wealth. Jayshree Ullal, President and CEO of Arista Networks added 23% to her wealth. With a net worth of ₹16,600 crore, she is the richest of Indian origin professional managers.
The wealth of Nikesh Arora, the former president of SoftBank Group and the current CEO of Palo Alto Networks increased by 29% to ₹8,500 crore.
The former president of PepsiCo, Indra Nooyi’s wealth grew by 5%.
Only two CEOs of Indian companies made it to the top ten list of professional managers. Ignatius Navil Noronha of Avenue Supermarts (DMart) saw his net worth grow 12%. The net worth of Aditya Puri of HDFC Bank registered no change.
|Jayshree Ullal||₹16,600 crore||23%||Arista Networks|
|Thomas Kurian||₹12,100 crore||-3%||Oracle|
|Nikesh Arora||₹8,500 crore||29%||Palo Alto Networks|
|Ignatius Navil Noronha||₹6,500 crore||12%||Avenue Supermarts|
|Ajay Banga||₹6,500 crore||-6%||Mastercard|
|Satya Nadella||₹6,200 crore||0%||Microsoft|
|Sundar Pichai||₹5,300 crore||-20%|
|Indra Nooyi||₹4,000 crore||5%||PepsiCo (former)|
|Shantanu Narayen||₹3,800 crore||-16%||Adobe|
|Aditya Puri||₹1,600 crore||0%||HDFC Bank|
Source: IIFL Wealth Hurun India Rich List 2022
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