4 days ago
Google CEO Sundar Pichai becomes billionaire, wealth increases because of his current net worth is...
Google CEO Sundar Pichai becomes billionaire, wealth increases because of his current net worth is…
Sundar Pichai Becomes Billionaire: Alphabet CEO Sundar Pichai has become a billionaire after his company earned big, adding more than a trillion dollars to the market value. The tech giant has provided a whopping 120 percent return to its investors since 2023. As Alphabet's shares touch all-time high, Pichai's net worth has also increased to USD 1.1 billion, as per Bloomberg Billionaires Index. Notably, this is a one-of-a-kind achievement for a CEO who has not founded the company. Top executives in the tech world, such as Mark Zuckerberg (Meta) and Jensen Huang (Nvidia) become billionaires because of their stakes as founders in their companies.
Longest Serving CEO Of Google
Google was founded in 1998, and Sundar Pichai joined the tech Giant in the year 2004. Even though he was not a part of the company when it was founded, Pichai has become its longest-serving CEO. He will complete 10 years as the CEO of Google in August. Notably, the 53-year-old of Indian-origin has a stake of 0.02 percent in Google, which is worth about USD 440 million. He has sold over USD650 million worth shares of Alphabet over the past decade, and most of his wealth is in the form of cash.
Sundar Pichai's Personal Life
Sundar was born in Tamil Nadu's small city of Madurai in a middle-class family. He grew up in a two-room apartment. He got a phone at the age of 12. In 1993, when Pichai received a graduate scholarship to Stanford University, his family spent more than his father's annual salary (USD1,000) to buy a flight ticket to California.
Long Journey At Google And Focus On AI
After joining Google, Pichai worked hard for more than a decade and took the company to new heights. He helped in developing the Chrome browser and led the Android division, even before being named CEO in 2015.
During an interview with Bloomberg in October last year, Pichai said that 'One of the first things I did as CEO was focus the company on AI.'
It is worth noting that Google made its first big AI investment in 2014 and bought London-based startup DeepMind for USD400 million. Pichai has majorly increased spending, dedicating nearly USD50 billion to AI projects last year alone.
