Pichai is an Indian-American CEO with a net worth of $600 million. Alphabet Inc., the holding corporation that controls Google, is now led by Sundar Pichai, who serves as its CEO. In August of this year, Sundar Pichai was named CEO of Google. The restructuring of Google’s parent company Alphabet Inc. necessitated the change in ownership. Google’s founders, Larry and Sergey, have also been said to have been able to recede from public view as the business contends with a slew of anti-trust investigations from dozens of Attorneys General, the Federal Trade Commission, and the Justice Department.
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On December 3rd, 2019, Sundar Pichai took over as CEO of Alphabet from co-founder Larry Page. Additionally, Larry Page and Google co-founder Sergey Brin declared their plans to step away from the day-to-day operations of the business. Due to their dual-class shares, the company’s co-founders remain the majority owners and super-owners. They’re still on the company’s board of directors, too. Pichai served as Google’s product chief for 11 years prior to his appointment as the company’s CEO. This is where Pichai helped to build Google Chrome, Drive, and Maps while he held that role at the company.
Early Life and Education
His parents are Lakshmi and Regunatha, a stenographer and GEC electrical engineer, respectively. Sundar Pichai was born in Madurai, Tamil Nadu, in 1972. He attended Jawahar Vidyalaya Senior Secondary School as a young man. – The Indian Institute of Technology in Madras, followed by the Indian Institute of Technology in Kharagpur, were the next stops for Pichai. He earned a degree in metallurgical engineering from the latter institution.
At Stanford University, Pichai enrolled after moving from India to the United States. A master’s degree in materials science and engineering was obtained there. Following his time at Wharton, Pichai earned an MBA from the University of Pennsylvania.
Pichai has two children with his wife, Anjali. He enjoys playing cricket and football in his spare time.
Starting off in materials engineering at Applied Materials in California, Pichai went on to work in engineering and product management. McKinsey & Company hired him as a management consultant after that.
Pichai joined Google in 2004. Pichai oversaw the creation of a slew of key Google products, including Chrome, Drive, Chrome OS, and Android. Gmail and Google Maps, among other products, were also overseen by him. WebM, a new audiovisual file format, was introduced by Pichai in 2010. It was in the summer of 2015 that Pichai was selected as Google’s next CEO. Following the formation of Alphabet, Google’s new parent company, he formally assumed his new role in October of that year. Pichai became CEO of Alphabet in late 2019.
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Restricted shares of Alphabet stock with a five-year vesting period were awarded to Sundar by Alphabet in April 2013. Those shares were worth $380 million when they were fully vested in April 2018. When the stock was trading at about $1300 per share, they were valued at up to $450 million. The shares were valued at $184 million at the time he was awarded the prize.
Since 2014, Sundar has earned more than $100 million in total remuneration, including the stock grant he received in 2013. In 2016, he earned $199 million, as previously stated. It was announced on December 20th, 2019 that an additional grant of $240 million in stock options would be made to Sundar Pichai over a three-year period. In addition, his base compensation was increased from $650,000 to $2 million.
Sundar collected more than $1 billion in total remuneration and earnings pre-tax between 2015 and 2020. On top of his $2 million annual base salary, Sundar Pichai has brought home more than $100 million since 2012, thanks to bonuses and stock grants. In 2015, he made $100 million, and in 2016, he made $199 million. Most of the money he makes is in the form of stock grants. Because he did not receive a significant grant, he only made $1.3 million in 2017. $470 million was the sum of his remuneration in 2018.
Sundar Pichai Net Worth
Over 144 Lac Crores in Indian currency, Google’s brand value is estimated to be approximately 1940 billion USD. Mr. Sundar Pichai, the CEO of a company with such a high brand value, is worth roughly Rs. 10,215 crores in Indian currency. Mr. Pichai earns about 242 million dollars a year, or about 1880 crores in Indian rupees. When you earn so much, you also have a lot to give back to society. Pichai’s reign has seen Google donate to multiple educational institutions, generate cash for tiny tech startups, and assist the move to a digital society.
|Net Worth In Indian Rupees||Rs. 10,215 Crore|
|Net Worth (2022)||$1310 million (1.31 Billion)|
|Average Annual Income||$242 Million|
|Personal Investments||$572.5 Million|
|Luxury Cars – 5||$1.3 Million|
Controversies About Privacy And Antitrust
Pichai has been under fire for a variety of reasons throughout his time as Google’s CEO. In 2017, he was questioned for terminating an employee who wrote a ten-page diatribe denouncing Google’s diversity initiatives. Pichai was grilled by the House Judiciary Committee of the United States in December of the following year on a wide range of Google-related problems.
Asked to testify about the company’s privacy policies and the possibility of political bias on its platforms, he agreed. According to Pichai, Google users can choose not to have their data gathered if they so choose. In July 2020, Sundar, Jeff Bezos, Mark Zuckerberg, and Tim Cook were summoned to testify before the Subcommittee on Antitrust in the United States House of Representatives. The first question of the day was asked by Sundar. Rep. David Cicilline posed the following query:
“Why does Google steal content from businesses that have the right to it?”
— Reuters (@Reuters) July 30, 2020
Pichai, as well as the CEOs of Twitter and Facebook, were summoned by the US Senate Committee on Commerce, Science, and Transportation in the latter part of 2020 for questioning and testimony. Concerns over the tech industry’s immunity from the Communications Decency Act of 1934 prompted them to appear before the Committee.
Pichai has received a slew of prestigious awards. As one of the most important persons in the world, he made Time magazine’s list of the top 100 in both 2016 and 2020. Pichai was awarded the Padma Bhushan by the Government of India in 2022, which is the country’s third-highest civilian honor.
|Real Name||Pichai Sundararajan|
|Born||June 10, 1972 (age 48)|
|Place||Madurai, Tamil Nadu, India|
|Education||Indian Institute of Technology Kharagpur (BTech)
Stanford University (MS)
The Wharton School (MBA)
|Salary||$242 million (Rs 1880 crore)|
|Title||CEO of Google and Alphabet|
|Board member of||Alphabet Inc Magic Leap|
|Parents||Regatta Pichai (father) Lakshmi Pichai (mother)|