Kunal Shah Net Worth: Kunal Shah becomes the new boss of WhatsApp! Know how much is his net worth and how much salary will he get

Facebook’s parent company Meta is going to invest about $ 900 million (about Rs 8,550 crore) in Indian fintech startup ‘Cred’. Both companies officially announced this on June 22. Under this big deal, Cred founder Kunal Shah will now take over the role of Global CEO of Meta-owned messaging app WhatsApp.

After this historic grand deal, everyone wants to know how much money does this Indian giant, who commands the world’s largest messaging app, have in his own pocket? Let us know how much total wealth Kunal Shah has and how much salary he will get after becoming the boss of WhatsApp.

Kunal Shah started CRED in the year 2018. After his departure to WhatsApp, now Miten Sampat, who holds the second highest position in the company after him, will take charge of Cred.

What is Kunal Shah’s net worth?

Kunal Shah’s estimated net worth is around Rs 15,000 crore (about $2 billion). A large part of his wealth comes from his stake in CRED. In fact, the largest part of his wealth is the shares of the fintech company he started. After the recent large investment by Meta, the market valuation of CRED is estimated at around Rs 43,239 crore.

Kunal Shah’s salary after becoming CEO of WhatsApp?

No official information has been given yet about Kunal Shah’s salary as CEO, because Meta has announced his appointment only today. However, estimates show that the average annual package of a CEO in big American tech companies like Meta is between $222,000 to $450,000 i.e. around Rs 2 crore to Rs 4 crore annually in Indian currency. Nevertheless, CEOs in MNCs like Meta or Google often hold an equity stake in the company, eliminating the need for a traditional salary.

Celebrities like Mark Zuckerberg and WhatsApp co-founder John Koum had fixed their nominal salaries at one dollar. As Kunal Shah joins Meta’s global leadership team, he will receive international allowances and performance-based bonuses that will exceed his base salary.

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