CRED’s Kunal Shah will become the new Global CEO of WhatsApp, know his salary and net worth.

Meta Investment in CRED: Has done something big for India’s startup ecosystem. Let us tell you that Meta, the parent company of Facebook and Instagram, has announced to invest about Rs 8,500 crore in Indian fintech company CRED. With this investment, CRED founder Kunal Shah is going to get a new and very important responsibility. It is being told from the company that Kunal Shah will now take over the role of Global CEO of WhatsApp and will replace the current head Will Cathcart. For information, let us tell you that this decision is being seen as a historic step not only for Meta and CRED but also for the tech sector of India.

Kunal Shah’s journey from philosophy to fintech was like this

If we look at Kunal Shah’s career journey, he studied BA in Philosophy from Wilson College, Mumbai. After this he started MBA but left it midway. He later enrolled for part-time MBA at NMIMS but did not complete that course. According to the information, Kunal Shah has told in many interviews that he started working along with studies from an early age. This experience has later led to him being included among the most successful entrepreneurs of India.

What can be the salary after becoming WhatsApp CEO?

This question definitely comes in the mind of the people that how much increase will be there in the salary after taking up this new post, then let us tell you that till now Meta has not shared any official information regarding the salary of Kunal Shah. But according to the estimates of the tech industry, the annual package of such posts at the global level can range from $ 2.22 lakh to $ 4.50 lakh. If seen in Indian Rupees, it would be equivalent to around Rs 2 crore to Rs 4 crore annually. But also know that in big companies like Meta, a large part of the earnings of top executives come from stock options, performance bonuses and other international perks. Due to which the actual earning can be much higher and different from the base salary.

Kunal Shah is the owner of property worth Rs 15,000 crore.

According to the information coming out in the reports, the estimated net worth of Kunal Shah is said to be around Rs 15,000 crore. Out of which, the largest part of his wealth comes from his stake in CRED. At the same time, after the latest investment by Meta, the valuation of CRED is estimated to reach around Rs 43,239 crore, which will further strengthen the company’s position in the market.

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Why is this deal important for India?

The collaboration of Meta and CRED will be very special for a country like India, where there is always some change in the digital payment and tech sector. As everyone knows, currently PhonePe and Google Pay dominate the UPI market while WhatsApp Pay is relatively behind. In such a situation, work will be done to create a strong digital ecosystem by combining the reach of Meta, Facebook and Instagram with WhatsApp Commerce and CRED’s payment infrastructure.