Palo Alto CEO enters billionaires’ club

San Francisco: Nikesh Arora, a SoftBank veteran and now the CEO of cybersecurity company Palo Alto Networks, has entered the billionaires’ club after a hefty paycheck he received from the firm.

He had received a $125 million stock and options compensation package from Palo Alto when he was hired in 2018. Since then, the company’s share price has more than quadrupled and Arora’s stake is now worth $830 million ($1.1 billion Singapore dollars), reports Bloomberg.