Dev Pragad | |
|---|---|
| Born | 1984or1985(age 40–41) [1] India |
| Citizenship | British American |
| Education | King's College London Harvard Business School [2] |
| Occupation | Businessman |
| Known for | CEO and co-owner of Newsweek |
| Title | President and CEO of Newsweek |
| Board member of | King's Trust USA, King's College London Impact Leaders [3] |
| Website | www |
Dev Pragad (born 1984) is the British-American president and CEO of Newsweek . He is also co-owner of Newsweek, acquiring a half-interest in 2018. [1] Under his tenure, Newsweek returned to profitability and reaches 100 million readers a month. [4] In 2025, Pragad was accused of stealing Newsweek from previous owners and investors. [5]
Pragad was born in India, grew up in the United Kingdom, and graduated from King's College London with a Bachelor of Engineering in computer science/electronics and a Ph.D in Electrical Engineering. [6] He relocated to New York and became an American citizen, with dual citizenship in the UK. He also completed the Owner/President Management program, an Alumni granting 2 year executive education program of Harvard Business School. [2] [7] [8]
Prior to becoming CEO of Newsweek, Pragad managed its international edition from London in 2014. [9] In 2018, Newsweek was spun off as a standalone company, Newsweek Publishing LLC, from IBT Media with Pragad and Johnathan Davis each owning 50% of that company. [10]
Pragad was the subject of a Harvard Business School case study published in 2021. [11] The case study focused on Newsweek's use of data collection and performance measurements to grow the publication's readers and revenue. [1]
Pragad launched Newsweek Rankings, which has become the fastest-growing part of the business.[ citation needed ] Rankings include the World's Best Hospitals, [12] [13] Auto Disruptor Awards, [14] and other corporate and employer rankings. [15]
In November 2024 Pragad interviewed South Korean President Yoon Suk Yeol for Newsweek. [16]
In January 2025, Pragad was the Guest of Honour at the 18th Pravasi Bharatiya Divas (PBD) Convention in Bhubaneswar. The event focused on the Indian diaspora's contributions to India's development. [17] [18]
In June 2025, Newsweek, under Pragad's direction, acquired Adprime, a healthcare-focused advertising technology firm. [19]
In two lawsuits filed in August 2025, previous owners and investors in Newsweek accused Pragad of "fraud, theft, and a calculated effort to seize the historic brand for himself, while siphoning millions of dollars out of the company and living a luxury lifestyle." [5] [20] In addition to accusations to lying about co-investors about statements made by a district attorney, Pragad is also accused of paying himself more than $4.7 million in salary and bonuses in a single year without board approval, and using company resources to acquire a $3.3 million mansion, a $100,000 Tesla, a $30,000 Rolex, and designer clothing from luxury brands such as Gucci.
Pragad is a member of the advisory board of the King's Trust USA. [21] He is an honorary fellow of King's College London and a member of the King's College London Impact Leaders Board, [3] [1]