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48 Crore Daily Income? The Truth About Jagdeep Singh’s Earnings!

Reports about Jagdeep Singh, an Indian-origin leader and former Quantumscape CEO, earning ₹48 crore daily are going viral! But what’s the full story?

Jagdeep Singh founded Quantumscape in 2010, revolutionizing the EV sector with innovative battery technology. Though he stepped down as CEO in February 2024, he remains the Chairman of the company.

While media headlines claim Singh earns ₹48 crore daily, the reality is different. His earnings include company stocks, not just a base salary. This makes his income more about net worth growth than actual daily cash flow.

Singh’s Quantumscape is a giant in the electric vehicle industry, but the portrayal of his daily income as "salary" is misleading. Founders’ wealth is typically measured in net worth, not daily earnings.

What’s your take on this media hype? Let’s discuss this in the comments!

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