Sundar Pichai is a multi-millionaire Indian-American entrepreneur. CEO of Google’s parent company, Alphabet Inc., Sundar Pichai, now serves as Alphabet’s CEO. In August of that year, Sundar Pichai was named CEO of Google. Alphabet Inc. became the parent company of Google due to the reorganization.
According to critics, Google’s founders Larry and Sergey have been able to retire from public view as the business battles with a slew of anti-trust investigations from Attorneys General, the FTC, and the Justice Department.
Months from now, Both Larry Page and Sergey Brin stated that they were stepping down from day-to-day operations of the company at the same time. Due to their dual-class shares, the company’s co-founders remain the majority owners and super-owners. The company’s board of directors hasn’t changed because of their continued presence.
Pichai served as Google’s product chief for 11 years before being named CEO. While in that post, He was in charge of developing Google Chrome, Google Drive, and Google Maps.
Early Life of Sundar Pichai
In the year 2019, At the same time, Larry and Sergey Brin declared that they would no longer be involved in the company’s day-to-day running. As a result of dual-class shares, the co-founders retain a significant stake in the company. They’re still on the board of the corporation, too.
Previously, He was the company’s product leader, a position he held for 11 years before being appointed CEO. This is where Pichai helped build Google Chrome, Drive, and Maps while he had that role at the company.
Career of Sundar Pichai
Pichai began his professional life as a materials engineer and then worked for the Silicon Valley company Applied Materials, where he held engineering and product management positions. After that, he gained experience in management consulting while working for the business McKinsey & Company.
He started working for Google in the year 2004. He directed the development of many essential software products for the corporation, including Google Chrome, Google Drive, Chrome OS, and Android. In addition to that, he was in charge of overseeing the development of products such as Google Maps and Gmail. In 2010, Pichai introduced a new format for audiovisual media, WebM.
Pichai was selected to take over as Chief Executive Officer of Google in the summer of 2015. Following the establishment of Alphabet, Google’s new holding company, in October of that year, he became officially responsible for the post. Late in 2019, He was promoted to Chief Executive Officer of Alphabet.
He has been the subject of criticism for several reasons over his term as CEO of Google. First, in 2017, he was called out in public and questioned over his decision to fire an employee who had written a ten-page manifesto criticizing Google’s diversity policies.
Pichai found himself at the center of even more controversy in the following year’s December when he was questioned by the House Judiciary Committee of the United States House of Representatives on various Google-related topics.
In particular, he was requested to testify regarding the company’s privacy standards and the possible political bias on its platforms. Pichai’s answer to the privacy concern was to declare that Google users could opt out of having their data gathered, which he said was Google’s solution.
The Net Worth of Sunder Pichai
Sundar Pichai is a billionaire, despite his unassuming manner and straightforward way of life. The Alphabet CEO grew up in India as a tech enthusiast, which helped him prepare for a career at one of the largest tech companies in the world. Sundar Pichai’s net worth is currently $600 million, but it could rise daily.
Sundar Pichai Stocks Holdings
Sundar received more than one billion dollars in total remuneration and potential earnings, before taxes, from 2015 through 2020 alone.
Although Sundar Pichai’s base pay is $2 million, he has made more than $100 million in a typical year over the past few years when bonuses and stock grants are factored into his total compensation. For instance, he made one hundred ninety-nine million dollars in 2015 and one hundred ninety-nine million in 2016.
Share grants make up most of his income, allowing him to earn such an enormous salary. Because he did not receive a significant contribution that year, he “only” made $1.3 million overall. His overall remuneration for the year 2018 came to $470 million.
In April of 2013, 353,939 restricted shares of Alphabet stock were awarded to Sundar. These shares were subject to a vesting term of 5 years. In April 2018, when the shastakesre fully vested, their paper value was $380 million. They had a deal that had reached as high as $450 million at one point when the stock was going for about $1300 per share.
When he was presented with the grant, the value of the shares was around $184 million. In addition to the stock award he received in 2013, Sundar has consistently earned more than $100 million in total remuneration each year, beginning in 2014 and continuing forward. As was said earlier, he amassed a total of $199 million in earnings in 2016.
It was revealed on December 20, 2019, that Sundar would get a further grant of 240 million dollars in stock options to be distributed over three years. In addition, his starting salary was increased from $650,000 to the current $2 million.
He has received several notable awards. He was listed among the top 100 most influential persons in the world by Time in both 2016 and 2020. In addition to his numerous honors, Pichai received the Padma Bhushan in 2022; given by the Indian government, it is the third-highest civilian award in the nation.