Nikesh Arora, CEO of cybersecurity firm Palo Alto Networks Inc. (NASDAQ:PANW) and a former executive at Google and SoftBank, has joined the billionaire club.
What Happened: Arora received a hefty $125 million in stocks and options when he became part of the cybersecurity firm in 2018, Bloomberg reported on Thursday. Since his appointment, Palo Alto Networks’ shares have seen a four-fold increase, largely due to a surge in the cybersecurity software market triggered by multiple high-profile hacking incidents. The rise in share price has resulted in Arora’s stake in the company being valued at an impressive $830 million.
With the inclusion of his substantial earnings from his days at Google and SoftBank, Arora’s net worth now stands at an estimated $1.5 billion, as per the Bloomberg Billionaires Index. This accomplishment positions him as a rare non-founder billionaire tech CEO.
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