Nadella spelled that philosophy out in a February 4, 2014 letter to Microsoft employees after being named CEO at Microsoft. This promotion proved to be a very intelligent decision for the tech giant. Ever since his first promotion in 2000, Nadella has demonstrated a forward momentum that has propelled him ever-forward within Microsoft, culminating in an astonishing $42.9 million salary in 2019. The Indian-origin Chief Executive Officer (CEO) at Seattle-based Microsoft Corporation, Satya Nadella currently has a net worth of an estimated $126,776,626. Nadella struggled to find his footing early on. He earned that degree in 1990 and then moved on to the University of Chicago, where he received an MBA from the Chicago Booth School of Business in 1997. As someone who is a multi-billionaire, not a lot of people know that he served was as an assistant to Bill Gates before. WallStreetBets Makes Headlines, How to Join the Subreddit Community. PCWorldBusiness: Base salary $1.2 million, cash bonus $3.6 million, stock award $13.2 million Steven Anthony Ballmer is an American billionaire businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He’s also part owner of the Seattle Sounders FC, a leading Major League Soccer (MLS) team. Place of birth- Hyderabad, Telangana, India . Essentially, Project xCloud will act as a sort of Netflix for video games that will be usable on any number of devices including mobile phones, game consoles, and personal computers. The announcement was made on February 4, 2014. As the Chief Executive Officer and Director of Microsoft, the total compensation of Satya Nadella at Microsoft is $42,910,200. Behind Bezos, who's worth an estimated $114 billion, was Microsoft entrepreneur Bill Gates, whose worth is an estimated $106 billion. Microsoft has been having a good run over the last five years, since Satya Nadella took on the CEO position. Satya Nadella has netted over USD 35 million! After a … He also serves as a board member of Fred Hutchinson Cancer Research Center and on the board of trustees at the University of Chicago. Microsoft's Post-Pandemic Plan From CEO Satya Nadella With a market capitalization of $1.4 trillion, Microsoft is the most valuable company in the world. Satya Nadella was born on August 19, 1967 in Hyderabad, India. His parents, Prabhavati and Bukkapuram both worked, his father as an administrator for the Indian government and his mother working as a Sanskrit lecturer. I sign up for more online courses than I can complete. On February 10 and 11, Microsoft’s stock price closed at $194 per share (like most stocks, that figure has fallen significantly since March, 2020) and surpassed Apple (AAPL) - Get Report as the most valuable company in the world. Comparing the net worth of Bill Gates at the time he stepped down as Microsoft CEO and present, there is an increase of only $20-22 billion. Now a big hitter at Microsoft, Nadella was named executive vice president of the company’s rapidly growing cloud computing division, which encompassed the Bing search engine and Xbox Live, among other high-profile areas at the company. This may seem like an alarming number to some people, but if you were to ask Microsoft chairman John Thompson about it, he would tell you that Nadella is “worth every penny.”. The maximum proportion of Bill Gates net worth has been derived from his respective equity holdings in Microsoft Corporation and other publicly-listed, as well as non-listed enterprises. Nadella was named Financial Times Person of the Year and frequently appears on Barron's World's 30 best CEO's list. All proceeds from the autobiography, Hit Refresh were given to Microsoft Philanthropies. ... Stock quotes by finanzen.net; Reprints & Permissions ... Gates gave up the CEO job to Microsoft… It’s also paid off financially, with Nadella’s net worth estimated to be $387 million as of March, 2020. Today, they live in Bellevue, Wash. but Nadella had come from some fairly humble beginnings. Satya Nadella became the CEO of Microsoft on 4 th February 2014. Regularly impressing the company brass with a keen business acumen and a mastery of software building, testing and production, Nadella was rewarded with a senior vice president of Microsoft’s online services unit in 2007, a plumb post for the young software engineer. Age: 89. I fundamentally believe that if you are not learning new things, you stop doing great and useful things. Fresh out of college, Nadella set out to fulfill an early ambition in his life – to “build things" and link that passion to his burgeoning expertise in computer science. By all accounts, Nadella enjoyed a stable childhood, working his way through early education to Mangalore University’s Manipal Institute of Technology. By comparison, this is 249 times what a median employee made last year and 65 percent more than he made last year. Microsoft is starting a formal search process for its next CEO, following the news that Steve Ballmer will be retiring from that role within the next 12 months. Nadella’s current net worth is around $320 million and he is no stranger to success or wealth. Jayshree Ullal, Arista Networks - Rs 9,800 crore. His father Bukkapuram Nadella Yugandher, was a civil servant who worked for the Indian Administrative Service (IAS) of the Government of India. Jayshree Ullal is an Indian-origin … 30 after dropping out of … In 2019, Satya Nadella was named as “The Person of the Year” by The Financial Times. Nadella attended and eventually graduated from the Manipal Academy of Higher Education with a bachelor’s in electrical engineering in 1988. This is the opportunity that drives each of us at this company.”, “Many companies aspire to change the world. Microsoft CEO Satya Nadella got a 66% raise in the company’s latest fiscal year. Since then, he's taken the company in a bold, new direction. Leaning on the business management book “Mindset: The New Psychology of Success” as a blueprint, Nadella steered Microsoft on a new path, one that would take a longer, more enduring “growth mindset” model. © 2021 TheStreet, Inc. All rights reserved. Steve Ballmer is the high-wattage former CEO of Microsoft, who led the company from 2000 to 2014. Satya Narayana Nadella (Microsoft CEO) is an Indian American business executive born on 19 August 1967 in Hyderabad India. #2. Here’s a closer look at Nadella’s story. Even if you judge his compensation purely by the company’s stellar stock performance under his leadership, it’s easy to see why the Indian-born CEO is pulling in such an astonishing salary. 200 million US. Satya Nadella Net Worth and Salary: Satya Nadella is an Indian-American technology executive who has a net worth of $250 million. Founder Bill Gates met with Ballmer to determine who should take his place. Satya Nadella Salary at Microsoft. As a man with a background in cloud-based technology, that is his focus. Ballmer, 64, joined Microsoft in 1980 as one of the firm’s first employees. “I truly believe that each of us must find meaning in our work,” he wrote. It’s paid off in a position of power and prestige for Nadella, who has served as Microsoft’s chief executive officer since 2014. Satya Nadella, CEO at Microsoft since 2014, is a wealthy man. Amazon or Alibaba: Which Is the Better e-Commerce Stock to Buy? He met his wife, Anupama Nadella, while she was an architecture student at Manapal. NBA CORONAVIRUS BUBBLE … Satya Nadella, Microsoft’s (MSFT) - Get Report second-in-command, has climbed the corporate ladder all the way to the top of one of the world’s most prominent brands. He wasted no time in setting the tone as company leader in a note to new employees on the same day he was named CEO. Amazon Stock Split in 2021 Might Help Bezos Beat Musk. It’s paid off in a position of power and prestige for Nadella, who has served as Microsoft’s chief executive officer since 2014. Is Microsoft Immune to Recent Economic Downturn? Today, business at Microsoft is booming, reporting revenues of $36.9 billion in the second quarter of 2020 along with earnings per share of $1.51. Nadella has published a book on his life and career in technology entitled “Hit Refresh,” donating all of the proceeds to charity. Before that, he actually failed to clear the Indian Institute of Technology (IIT) exam, though this obviously did little to deter him. Together, they picked Satya Nadella, a former engineer who had risen to prominence as president of the company’s Server and Tools Division. He is the third CEO in the history of Microsoft. When Nadella was made president of the Server and Tools Division in 2011, Microsoft was earning about $16.6 billion in revenue. In 2014, he became the business’s third CEO, after Bill Gates and Steve Ballmer. Of this total $2,333,333 was received as a salary, $10,796,868 was received as a bonus, $0 was received in stock options, $29,668,651 was awarded as stock and $111,363 came from other types of compensation. The idea is simple on the surface: users can play high-quality, blockbuster games on any device. Microsoft Nadella joined Microsoft in 1992 as a young engineer when Bill Gates was still CEO. “Like anyone else, a lot of what I do and how I think has been shaped by my family and my overall life experiences. Microsoft has proven that it has all three in abundance. And as the new CEO, I can’t ask for a better foundation. Before becoming CEO, he was the executive vice president of Microsoft's cloud and enterprise group, responsible for building and running the company's computing platforms. That’s a mountain company founder Bill Gates has wanted to crest for decades. Microsoft's first 11 employees went off into some weird, wild, and wacky new careers. Nadella also continued his academic studies on the side and earning his MBA from the University of Chicago. Almost all of the Satya Nadella net worth can be credited to hefty earnings from Microsoft. © kalash. He stared that climb as a software engineer at Sun Microsystems in 1990. Net worth: $250 million Date of birth: August 19, 1967 Primary source of wealth: Microsoft salary and stock Career highlights: CEO of Microsoft since 1992 Read more: Rich People Who Live Like an Average Joe Early Life and Education Satya Narayana Nadella was born in Hyderabad, India. It was a move company insiders viewed as grooming Nadella for bigger things at Microsoft. 'My father’s work was more than just a … As of Dec 2020, Forbes estimates his personal wealth at US$74.3 billion, ranking him the 10th richest person in the world. I buy more books than I can finish. As Chief Executive Officer and Director at MICROSOFT CORP, Satya Nadella made $42,910,215 in total compensation. Nadella also owns approximately 280,174 shares of Microsoft stock, which is valued at over $185 million, though he did sell off 30 percent of that stock in 2018. Currently, Pichai draws a salary of approx. He was rewarded over $17 million in stock bonuses, and had climbed to an annual salary level of $700,000 in 2013. Nadella’s current net worth is around $320 million and he is no stranger to success or wealth. In 2000, he replaced Microsoft founder Bill Gates as CEO. Honing his craft as a computer engineer at Sun, Nadella caught a second professional break after being asked to interview at Microsoft in 1992. What drove Satya Nadella to the top of the global business executive echelon and how has that translated into great wealth for Microsoft’s CEO? Shortly after taking over as CEO of Microsoft, Satya Nadella insisted that the Xbox division isn’t his priority. Over the following two years, the revenue increased to $20.3 billion. “The best work happens when you know that it’s not just work, but something that will improve other people’s lives. Pichai’s current wealth estimate is difficult to pin down, but as of June, 2019, his net worth was said to be $933 million. He is the current owner of the Los Angeles Clippers of the National Basketball Association (NBA). How Much Does Jeff Bezos Give to Charity? Satya net worth and Satya Nadella salary is 1.2$ million currently and he has received lavish stick bonuses in is prior positions. With Satya Nadella at the helm, Microsoft was able to climb it, and now stands as the top technology company in the world again. He is the chief executive officer (CEO) of Microsoft, succeeding Steve Ballmer in 2014. Net worth: $67.5 billion. CEO Satya Nadella can prove his worth by squeezing ByteDance on price. Under Nadella, Microsoft has not only navigated its way through some difficult financial times, but has managed to hold its position as one of the top tech developers in the industry today. ... and more importantly, that of Microsoft’s chief executive officer. MICROSOFT CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Let’s build on this foundation together.”. In 2019, Nadella earned an astonishing $42.9 million in total pay. In 2019, Nadella earned an estimated salary of $50 million as CEO at the company. Many who know me say I am also defined by my curiosity and thirst for learning. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. WallStreetBets Keeps Inflating the BB Stock Balloon: Is It Time To Sell? Nadella attended Hyderabad Public school for his primary education and later in 1988 he received his Bachelor’s degree in electrica… Satya Nadella's elevation to CEO and co-founder Bill Gates' decision to relinquish his chairmanship at Microsoft Corp marks a changing of the guard at … Satya Nadella was born in India, in Hyderabad in the southern part of the country. New initiatives followed, including the purchases of Mojang, creators of the popular Minecraft video game, and later, LinkedIn, the highly-used business-oriented social media platform. CEO Satya Nadella explains its … The amount includes base pay, of $918,917, a $3.6m bonus and $79.8m in stock grants that won’t vest until 2019." Satya Nadella compensation along with stock bonuses had bagged $7.6 million including his base salary in the year 2013. But it's growing the most valuable company in the world that drives him. Satya Narayana Nadella (/ n ə ˈ d ɛ l ə /; born 19 August 1967) is an Indian-American business executive. They also currently have more cloud computing revenue than Google, more subscribers than Netflix, and near-trillion-dollar market capital. There are no … Thus, it was no surprise when Satya Nadella was tapped as Microsoft’s newest CEO (taking the place of company legend Steve Ballmer.) Warren Buffett (U.S.) CEO, Berkshire Hathaway. On February 4th, 2014 Satya Nadella was declared as the new CEO of Microsoft. Microsoft CEO Sayta Nadella has insisted that Xbox is not a ‘core part’ of the business, but have Microsoft undervalued the Xbox net worth? But very few have all the elements required: talent, resources, and perseverance. Guardian Dec. 5, 2014: "Microsoft shareholders just cleared a fat $84m pay package for CEO Satya Nadella. Stacking success after success as a young academic, Nadella also found time to pursue other life passions, like playing cricket and reading as many books as possible. Nadella received $42.9 million in total compensation up from $25.8 million the year prior. The couple has three children, and reside in the Clyde Hill section of Bellevue, Wash., the headquarters for Microsoft. Nadella recently unveiled his new plans for Microsoft’s revolutionary video game streaming with Project xCloud. Satya Nadella, CEO of Microsoft. Tech & Science Bill Gates Net worth Microsoft CEO Twenty years ago today, Bill Gates announced that he was stepping down as the CEO of Microsoft, … He sailed through the interview process and was immediately assigned to the Windows NT software team, where he worked on the company’s primary business operating system. He still reads and follows cricket matches around the world. He joined Microsoft in 1980 as employee No. This information is according to proxy statements … Full name – Satya Narayana Nadella. He has also obtained an MS in computer science from the University of Wisconsin–Milwaukee and received an MBA from the University of Chicago's Booth School of Business. Climbing through the ranks, he was tapped as vice president for the company’s small business service, and was soon promoted to corporate vice president of Microsoft Business Solutions. Microsoft has added nearly $500 billion to … That gave Nadella the management imprint needed to grow at a success-oriented company like Microsoft. Nadella also owns approximately 280,174 shares of Microsoft stock, which is valued at over $185 million. He’s been married to Anupama Nadella since 1992. He isn’t wrong, of course. Under his leadership, Microsoft’s Cloud Services division generated $20.3 billion in 2013 – up from $16.6 billion when he came aboard two years earlier. According to reports Satya Nadella holds about 1.3 million shares of Microsoft. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Controversy arose when Nadella stated that women shouldn’t be paid the same as men – at an event entitled “Women in Computing” in October 2014. So family, curiosity and hunger for knowledge all define me.”. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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