Sundar Pichai Net Worth 2024

What is Sundar Pichai’s Net Worth and wage?

Sundar Pichai is an Indian-American enterprise govt who has a net worth of $600 million. Sundar Pichai is presently the Chief Executive Officer of Alphabet Inc, the umbrella firm that owns Google. Sundar was named CEO of Google in August 2015. The transfer got here as a part of a restructuring course of which made Alphabet Inc. the father or mother firm of Google. It has additionally been argued that the re-arrangement allowed founders Larry and Sergey to retreat as the general public faces of Google as the corporate offers with a barrage of anti-trust investigations from dozens of Attorneys General, the FTC and the Justice Department.

Sundar changed firm co-founder Larry Page as CEO of the complete firm, Alphabet, on December 3, 2019. At the identical time each Larry and co-founder Sergey Brin introduced they had been retreating from day-to-day work on the firm. The co-founders are nonetheless the bulk house owners and super-owners by way of dual-class shares. They additionally nonetheless stay on the corporate’s Board.

Before being named CEO of Google, Pichai labored at Google for 11 years as product chief. In that place, Pichai led the event of such software program merchandise as Google Chrome, Google Drive, and Google Maps.

Salary

Between 2015 and 2023, Sundar obtained north of $1.3 billion in whole compensation and potential earnings, pre-tax. He acquired $200 million back in 2016 when he was first promoted to CEO. He acquired $280 million three years later in 2019. He acquired $226 million in late 2022.

Sundar Pichai’s base wage is $2 million, although in a latest typical 12 months he has earned north of $100 million when bonuses and inventory grants are taken under consideration. For instance, he earned $100 million in 2015 and $199 million in 2016. When he earns these massive salaries, it is principally made up of share grants. In 2017 he “solely” made $1.3 million as a result of he was not given a significant grant. In 2018 his whole compensation was $470 million.

Google Holdings

In April 2013 Sundar was granted 353,939 restricted shares of Alphabet inventory that had a 5-year vesting interval. When these shares absolutely vested in April 2018, they’d a paper worth of $380 million. They had been price as a lot as $450 million when the inventory was buying and selling at practically $1300 per share. At the time he was awarded the grant, the shares had been price $184 million. In addition to his 2013 inventory grant, Sundar has earned north of $100 million in whole compensation yearly from 2014 onward. As we talked about beforehand, he earned $199 million in 2016.

On December 20, 2019, it was introduced that Sundar would obtain a further grant of $240 million in inventory choices over three years. Furthermore his base wage was raised to $2 million up from $650 thousand.

Early Life and Education

Sundar Pichai was born on June 10, 1972 in Madurai, Tamil Nadu, India to stenographer Lakshmi and GEC electrical engineer Regunatha. As a youth, he went to Jawahar Vidyalaya Senior Secondary School. Pichai went on to attend the Indian Institute of Technology Madras, after which the Indian Institute of Technology Kharagpur. From the latter college, he obtained a level in metallurgical engineering.

Emigrating from India to the United States, Pichai enrolled at Stanford University in Palo Alto, California. There, he earned his MS in supplies science and engineering. Pichai went on to attend the Wharton School of the University of Pennsylvania, from which he graduated together with his MBA.

Career Beginnings

Starting his profession as a supplies engineer, Pichai did engineering and product administration on the Silicon Valley company Applied Materials. Following that, he labored in administration consulting on the agency McKinsey & Company.

Google

In 2004, Pichai joined Google. For the corporate, Pichai led the event of quite a few main software program merchandise, equivalent to Google Chrome, Google Drive, Chrome OS, and Android. He additionally oversaw the event of functions together with Google Maps and Gmail. In 2010, Pichai launched a brand new audiovisual media format referred to as WebM.

In the summer season of 2015, Pichai was chosen as the brand new CEO of Google. He formally took over the place that October following the creation of Alphabet, Google’s new holding firm. In late 2019, Pichai additionally turned the CEO of Alphabet.

Privacy and Antitrust Controversies

During his tenure as CEO of Google, Pichai has attracted controversy for quite a lot of causes. First, in 2017, he was publicly questioned for firing an worker who denounced Google’s range insurance policies in a ten-page manifesto. In December of the next 12 months, Pichai confronted higher controversy when he was questioned by the United States House Judiciary Committee on a myriad of points associated to Google. Specifically, he was requested to offer testimony referring to the corporate’s privateness practices and potential political bias on its platforms. In response to the privateness subject, Pichai asserted that Google customers could elect to choose out of getting their information collected.

In July 2020, Sundar, Jeff Bezos, Mark Zuckerberg and Tim Cook had been referred to as to testify earlier than the United States House of Representatives Subcommittee on Antitrust. Sundar fielded the very first query of the day. That query, requested by Representative David Cicilline:

“Why does Google steal content material from sincere companies?“

‘Why does Google steal content material from sincere companies?’ Representative David Cicilline requested Google CEO Sundar Pichai https://t.co/fUHplC5a5o pic.twitter.com/Jr2heVcTi5

— Reuters (@Reuters) July 30, 2020

In late 2020, Pichai and the CEOs of Twitter and Facebook had been subpoenaed by the United States Senate Committee on Commerce, Science, and Transportation. They had been requested to testify earlier than the Committee in relation to considerations over the tech business’s exemption from Section 230 of the Communications Decency Act of 1934.

Honors

Pichai has been the recipient of some important honors. In each 2016 and 2020, he was named on Time’s listing of the world’s 100 most influential individuals. Among his different accolades, Pichai was bestowed with the Padma Bhushan in 2022; granted by the Government of India, the glory is the third-highest civilian award within the nation.

Personal Life

With his spouse, Anjali, Pichai has two kids. The couple met and have become shut whereas finding out collectively on the Indian Institute of Technology in Kharagpur. The family resides in Los Altos Hills, California, on a property price a reported $1.3 billion. In his free time, Sundar likes to play cricket and soccer.