Google CEO Sundar Pichai, 53, who are at the top for tech veteran Almost a decadeNow officially a billionaire. As Bloomberg Billion Ayers IndexPichai is now $ 1.1 billion, a rare achievement for a non-founder CEO.
The rise of pichai in net worth is due to the growth of Google’s original company, alphabet, which has added more than $ 1 trillion to the market value and has returned 120% to investors since the start of 2023. Bloomberg,
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Bloomberg Note that the position of Pichai’s billionaire is an rare incident in an industry, where CEOs like Jensen Huang of Nvidia and Mark Zuckerberg of Meta have credited the status of their billionaire for the establishment of equity stax in their technical companies.
Pichai was not the founding member of Google when it was Started in 1998Instead he joined the company in 2004 as a new rent. Graduate In 1995 from Stanford University with a master’s degree in material science and engineering, Earning an MBA In 2002, Pennsylvania’s Wharton School of Business University, and briefly working for the consulting firm McKins’. His first position Google was the head of product management and development.
Pichai spent more than a decade through rank in Google, overseeing the development of products such as Google Chrome in Google. He became Google’s CEO CEO of the alphabet in August 2015 and in December 2019.
Pichai has a 0.02% stake in the alphabet, priced at about $ 440 million, in cash with the rest, per, per, per, per, per, per, per, BloombergIn the last decade, he has sold alphabet stock of over $ 650 million.
The alphabet and the CEO of Google Beautiful Pichai. Photographer: David Paul Morris/Bloomberg via Getty Image
Alphabet Earning report The company’s growth was underlined on Wednesday. Earning for the second quarter ending June 30, ExpectationsThe company’s net income increased by $ 28.2 billion, with an increase of about 20% from the same time last year.
The report also revealed that the alphabet generated a revenue of $ 96.43 billion for the second quarter of the year, which is a 14% year-to-year increase. Was more than revenue $ 94 billion analysts expect,
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“We had a standout quarter, with a strong growth in the company,” Pichai The earnings report statedHe said that the alphabet was increasing its AI spending $ 75 billion to $ 85 billion Due to “strong and increasing demand” for your cloud products.
The alphabet stock was up About 2% This year. Is the company Fifth largest In the world, with the market price of $ 2.34 trillion.
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