He turned the highest-paid government at Google, bought a fats cheque when he was poached by the SoftBank Group turned the world’s best-paid government and now he has stepped into the record of billionaires after his present firm, Palo Alto Networks, rode the increase within the cybersecurity software program business. Nikesh Arora’s web value now stands at $1.5 billion.
In keeping with the Bloomberg Billionaires Index, Arora can be a uncommon non-founder billionaire tech CEO.When Palo Alto Networks employed him in 2018, it gave Arora $125 million in shares. As cybersecurity software program turned extra related for companies following a sequence of high-profile hacking incidents, the corporate’s share worth jumped greater than 4 occasions the unique worth with Arora’s stake now value $830 million.
These shares mixed with pay awards in his profession and greater than 3.4 million choices that have been awarded to him when becoming a member of the agency, his web value is now about $1.5 billion. Arora offered almost $300 million value of shares in 2023 after exercising among the choices, the report stated.
Arora continues to construct his fortune
Arora will additional amass fortune at Palo Alto Networks as his 2023 compensation features a most of 750,000 shares, which might presently be value greater than $220 million.
In a proxy assertion, the corporate stated the award was justified due to Arora’s robust efficiency over his first 5 years. This reportedly signifies that he had already been capable of vest “$102 million of worth annually.”
“Due to this vital vested possession and the quantity that Mr Arora was projected to vest in over the following a number of years, the Board decided {that a} significant fairness award can be crucial to make sure that such award retains and engages Mr Arora,” the corporate was quoted as saying.
In keeping with the Bloomberg Billionaires Index, Arora can be a uncommon non-founder billionaire tech CEO.When Palo Alto Networks employed him in 2018, it gave Arora $125 million in shares. As cybersecurity software program turned extra related for companies following a sequence of high-profile hacking incidents, the corporate’s share worth jumped greater than 4 occasions the unique worth with Arora’s stake now value $830 million.
These shares mixed with pay awards in his profession and greater than 3.4 million choices that have been awarded to him when becoming a member of the agency, his web value is now about $1.5 billion. Arora offered almost $300 million value of shares in 2023 after exercising among the choices, the report stated.
Arora continues to construct his fortune
Arora will additional amass fortune at Palo Alto Networks as his 2023 compensation features a most of 750,000 shares, which might presently be value greater than $220 million.
In a proxy assertion, the corporate stated the award was justified due to Arora’s robust efficiency over his first 5 years. This reportedly signifies that he had already been capable of vest “$102 million of worth annually.”
“Due to this vital vested possession and the quantity that Mr Arora was projected to vest in over the following a number of years, the Board decided {that a} significant fairness award can be crucial to make sure that such award retains and engages Mr Arora,” the corporate was quoted as saying.
