Satya Nadella, Microsoft’s CEO, will forever be known as the visionary behind Microsoft’s substantial investment in OpenAI and its ChatGPT bot.
Microsoft’s shares have reached new highs, driven by an AI-powered rally, leading to Satya Nadella’s payouts from the company amounting to USD 1 billion (approximately Rs 8000 crore). This sum encompasses all forms of compensation he received from Microsoft, including equity grants, salary, bonuses, and dividends.
The surge in value is attributed to the US-based tech giant’s shares, which have grown over 1,000% since Nadella assumed the role of CEO. As reported by Bloomberg, Nadella has generously gifted shares worth USD 20 million over the years, although the recipients’ identities remain undisclosed. Microsoft’s spokesperson, Frank Shaw, confirmed that Nadella’s net worth is not USD 1 billion, as stated by Money Control.
Satya Nadella’s leadership in propelling Microsoft’s significant investment in OpenAI and its ChatGPT bot is etched in history. This timely move allowed Microsoft to outpace Alphabet Inc. in the rapidly evolving AI sector. Nadella, hailing from Hyderabad, has been associated with Microsoft since 1992, dedicating numerous years to the development of business software and services.
Satya Nadella pursued his education at Hyderabad Public School and completed his engineering degree at Bengaluru’s Manipal Institute of Technology, Karnataka. Additionally, he obtained a master’s degree in computer science from the University of Wisconsin and later earned an MBA from the University of Chicago. Nadella’s mother served as a Sanskrit lecturer, while his father, Bukkapuram Nadella Yugandhar, was an IAS officer from the 1962 batch.
In 2014, Satya Nadella assumed the position of Microsoft’s CEO, having previously held the role of executive vice president of the company’s cloud and enterprise group. In FY 2021-2022, he received a yearly compensation of USD 54.9 million, equivalent to around Rs 450 crore. His base pay was USD 2.5 million, and he earned USD 42.3 million from stock options. Satya Nadella’s net worth stands at Rs 6200 crore. Apart from his professional pursuits, he has a passion for poetry and cricket.