Google`s supervisor company, Alphabet`s Chief Executive Officer, Sundar Pichai, had an unbelievable rise in his income. According to Bloomberg`s report, Sundar Pichai has become a member of the billion-dollar club due to the great rise in his income reported by Alphabet. He has successfully become a billionaire in the world of technology without being the founder of any company.
The 53-year-old Sundar Pichai has become the longest-serving Chief Executive of the company. His income has reached 1.1 billion dollars due to an increase in shares of the Alphabet company. Mark Zuckerberg and many more CEOs of technological companies have a great number of shares in their companies.
But Sundar Pichai is the owner of 0.02 % shares in Alphabet company. Due to the great rise in Alphabet`s stock prices in the past few years, this was the reason why Sundar Pichai joined the billionaire club. The company’s value has risen by 1 trillion dollars since 2023.
On 23rd July, Alphabet Company reported its earnings, which showed a huge growth in the last three months. The most interesting thing is that he belonged to a very poor background.
Sundar Pichai said that he grew up in a flat which had only two rooms in Chennai, and he said that he and his brother used to sleep on the floor. They didn’t even have a television in their home, and there was also a shortage of water.
They got their first Telephone when he was 12 years old, and at that time he started having a good interest in technology and education. Due to his interest, he won a scholarship from Stanford University, USA. His Father supported him by spending 1,000 dollars on his journey.
Sundar Pichai in 2014 said in an interview:
“My Father and Mother did what most parents always do, they made many sacrifices in their lives so that their children could get an education.” Before joining Google, he had already won another scholarship because of his intelligence.
After joining Google in 2004, he became Vice President of Product Management and supervised the teams that made Google Chrome Browser and its operating systems. He successfully became the CEO of Google in 2015, and after that, in 2019, he became the CEO of Alphabet.
Alphabet invested its money in Artificial Intelligence (AI) in recent years, and Google made its very first major investment in 2014, acquiring Deepmind for 400 million dollars. In the last year, a solo Alphabet company spent 50 billion dollars on an AI project.
Sundar Pichai has sold almost 650 million dollars’ worth of shares of Alphabet over the past few years, according to the Bloomberg report. If he had not sold those shares, they would have been worth 2.5 billion dollars now.
Pichai recently bought a team in the UK cricket league by spending 180 million dollars. He has a home in California, which is worth 40 million dollars, and he also has an interest in buying luxury cars.
