Latest news with #Pichai
Express Tribune
8 hours ago
- Business
- Express Tribune
Thailand estimates $300M loss from Cambodia border clash
A view shows digital screens showing Thai national flags in support of the country inside a shopping mall, on the day the leaders of Cambodia and Thailand agreed to a ceasefire effective midnight, in a bid to bring an end to their deadliest conflict in more than a decade after five days of fighting, in Bangkok, Thailand, July 28, 2025. Source: Reuters Listen to article Thailand has estimated the initial costs of evacuation and damaged property at more than 10 billion baht ($307.88 million) after a five-day border conflict with Cambodia, and is expecting the eventual economic impact to be even bigger, the finance minister said on Tuesday. The government is preparing an initial budget of 25 billion baht ($771 million) to mitigate the effects, Pichai Chunhavajira told reporters. "I have to gather the budget for this as it will also stimulate the economy because there will be construction, house repairs and many more," he said. "It might not be enough and we may need to seek more," he said, adding the initial estimated damage had yet to include the disruptions in trade. In a separate statement, Pichai said the finance ministry had announced various relief measures to assist people and businesses affected by the border conflict. State-owned banks are offering measures including loan repayment deferrals, low-interest loans, refinancing options, and fee exemptions to support recovery efforts, he said. Tax measures include extending tax filing and payment deadlines to September, and tax deductions for repair costs — up to 100,000 baht for homes and 30,000 baht for vehicles, Pichai said. The government has also allocated 100 million baht to each affected province to meet local needs, which can be increased if necessary, he said. ($1 = 32.48 baht) Decades of dispute The Southeast Asian neighbours have wrangled for decades over border territory and have been on a conflict footing since the killing of a Cambodian soldier in a skirmish late in May, which led to a troop buildup on both sides. They accused each other of starting the fighting last week that escalated quickly from small arms fire to the use of heavy artillery and rockets at multiple points along their 800-km land border causing at least 33 fatalities and displacing over 150,000 civilians. Cambodia's defence ministry said 13 people have been confirmed killed in the fighting since Thursday, including eight civilians and five soldiers, with 71 people wounded. Thai authorities reported 13 civilians and seven soldiers have died on their side, taking the toll across both nations higher than it was in the last major round of fighting between 2008 and 2011. Following five days of heavy cross border fighting, Thailand and Cambodia agreed to an immediate ceasefire, effective from July 28. The agreement was reached through mediation led by Malaysian Prime Minister Anwar Ibrahim, with support from the United States and China.
Straits Times
11 hours ago
- Business
- Straits Times
Thailand estimates over $300 million in economic damage from border conflict with Cambodia
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: A view shows digital screens showing Thai national flags in support of the country inside a shopping mall, on the day the leaders of Cambodia and Thailand agreed to a ceasefire effective midnight, in a bid to bring an end to their deadliest conflict in more than a decade after five days of fighting, in Bangkok, Thailand, July 28, 2025. REUTERS/Chalinee Thirasupa/File Photo BANGKOK - Thailand has estimated the initial costs of evacuation and damaged property at more than 10 billion baht ($307.88 million) after a five-day border conflict with Cambodia, and is expecting the eventual economic impact to be even bigger, the finance minister said on Tuesday. The government is preparing an initial budget of 25 billion baht ($771 million) to mitigate the effects, Pichai Chunhavajira told reporters. "I have to gather the budget for this as it will also stimulate the economy because there will be construction, house repairs and many more," he said. "It might not be enough and we may need to seek more," he said, adding the initial estimated damage had yet to include the disruptions in trade. In a separate statement, Pichai said the finance ministry had announced various relief measures to assist people and businesses affected by the border conflict. State-owned banks are offering measures including loan repayment deferrals, low-interest loans, refinancing options, and fee exemptions to support recovery efforts, he said. Tax measures include extending tax filing and payment deadlines to September, and tax deductions for repair costs — up to 100,000 baht for homes and 30,000 baht for vehicles, Pichai said. The government has also allocated 100 million baht to each affected province to meet local needs, which can be increased if necessary, he said. REUTERS
News18
2 days ago
- Business
- News18
Sundar Pichai, World's Newest Billionaire: Here's How Much The Google CEO Has Earned So Far
Last Updated: Sundar Pichai, now 10 years into his role as Google CEO, has become a billionaire. However, Alphabet's biggest shares still belong to its original founders Sundar Pichai, a name recognised globally, has quietly reached an extraordinary financial milestone. According to a recent report by Bloomberg's Billionaires Index, nearly a decade after becoming CEO of Alphabet, Google's parent company, Sundar Pichai has officially become a billionaire. What makes this feat remarkable is that he is the first non-founder CEO of Alphabet to cross the billion-dollar mark. Since Sundar Pichai, now 53, took charge in 2015, the company has experienced tremendous growth, both in terms of revenue and market valuation. Alphabet's Unprecedented Growth Under Sundar Pichai's leadership, Alphabet's market capitalisation has soared past $1 trillion, a first for the company. In fact, since 2023 alone, Alphabet's share value has delivered a 120% return to investors, pushing the company's market cap to a staggering $86 trillion. This historic surge in valuation has also significantly increased the worth of Sundar Pichai's Alphabet shares, contributing to his rise in net worth. He currently holds a 0.02% stake, valued at approximately $440 million, with most of his assets held in cash. The First Billionaire Non-Founder CEO From Modest Beginnings In Tamil Nadu Born in a middle-class family in Tamil Nadu, India, Pichai grew up in a two-room flat. His life took a dramatic turn after securing a scholarship to Stanford University in 1993. He joined Google in 2004 and was instrumental in the development of key products like Google Chrome and Android. His leadership journey culminated in August 2015, when he was appointed CEO. Today, he is also recognised as Google's longest-serving CEO. Alphabet's CEO, Sundar Pichai, has become a billionaire after Google's shares approached record highs over the past week. This is historic given that Pichai achieved this fortune without possessing the founding equity stakes. He is not the only Indian-origin executive to make… — Forbes India (@ForbesIndia) July 27, 2025 Alphabet's Diversified Revenue Streams On the eve of Alphabet's 10th anniversary, Sundar Pichai noted a sharp increase in revenue from non-core ventures such as Cloud, YouTube, Google Play, and subscriptions. In 2015, Alphabet's overall revenue was $75 billion. By 2024, revenue from YouTube and Cloud alone reached $110 billion, showcasing the company's expanding ecosystem under his stewardship. Founders Still Hold The Largest Stakes While Sundar Pichai has achieved billionaire status, Alphabet's co-founders remain the major shareholders. Larry Page's net worth stands at $171.2 billion (Rs 14.72 lakh crore), while Sergey Brin is worth $160.4 billion (Rs 13.79 lakh crore), making him the 7th richest person in the world. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
3 days ago
- Business
- Economic Times
Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?
Google CEO Sundar Pichai becomes a billionaire in 2025 with $1.1 billion net worth, driven by Alphabet shares, AI growth, and disciplined stock sales. Synopsis Sundar Pichai, Alphabet's CEO, has officially become a billionaire, with his net worth reaching $1.1 billion. This milestone is attributed to his Alphabet shares and long-term compensation, boosted by the company's AI-driven growth. Despite selling shares over the years, Pichai's strategic approach and Alphabet's success have solidified his billionaire status. Sundar Pichai, the CEO of Alphabet Inc., which owns Google, has officially become a billionaire. As of now, Pichai's net worth is estimated at $1.1 billion, according to the Bloomberg Billionaires Index. ADVERTISEMENT This billionaire status comes mainly from: His 0.02% ownership stake in Alphabet. Large cash reserves he's built up. Alphabet, the parent company of Google, has a market value of over $2.3 trillion, which helped boost the value of Pichai's shares. In the past month alone, Alphabet's Class A stock jumped by 13%, which gave a fresh boost to Pichai's personal fortune, as per the report by Bloomberg. Unlike other tech billionaires like, Mark Zuckerberg, Elon Musk and Jensen Huang. Pichai did not start Google himself. Because of that, Pichai never had a massive stockholding from the early days of the company — which is why his net worth is much lower than those founders. His billionaire status came only after years of compensation packages and steady stock gains at Alphabet, as per the report by Fortune. ALSO READ: SpaceX launches 28 Starlink satellites after rare network outage — Here what you need to know Over the last 10 years as CEO, Pichai has sold about $650 million worth of Alphabet shares. If he had kept those shares, they could be worth more than $1 billion today, and his total net worth would be around $2.5 billion instead of $1.1 billion. ADVERTISEMENT For example, in June 2025, Pichai sold about 33,000 Class C Alphabet shares at $169 each, earning about $5.5 million. But now those same shares are worth around $193 each, meaning they'd be worth over $6.4 million. Despite these sales, Pichai has stayed disciplined and transparent — and follows a legal rule called Rule 10b5-1, as stated by Fortune report. Pichai's stock sales are made under Rule 10b5-1, a SEC-approved rule that lets executives plan their stock sales in advance. ADVERTISEMENT This rule: Prevents insider trading. Uses a pre-set formula to decide how many shares to sell, at what price, and on what date. Requires an independent third party to handle the sales. His recent sales on June 4 and July 16, 2025, were both made under this rule. Other top CEOs like Jensen Huang of Nvidia also use this same method. Fortune reported last summer that Huang was selling around $14 million in stock almost daily using Rule 10b5-1. ADVERTISEMENT James Reda, a compensation expert from Gallagher's HR consulting firm, explained this approach makes sense. He said, 'If you don't sell stock, you may end up like Elon Musk—borrowing big loans using stock as collateral.' Selling some shares regularly is a safer way to manage wealth, according to Reda.A big reason for Alphabet's recent stock growth is the AI boom. On Alphabet's Q2 earnings call, the word 'AI' was used around 90 times, showing how important it is to the company's strategy. The company reported 14% revenue growth year-over-year, reaching $96.4 billion in Q2, according to the report by Fortune. Google Search, YouTube ads, Google Cloud, and subscriptions all saw double-digit growth in the quarter. The stock rally—and Pichai's wealth jump—are part of a larger trend. In 2023, tech billionaires like Musk, Zuckerberg, and Larry Ellison added $585 billion combined to their fortunes, mostly thanks to AI. ADVERTISEMENT Investors are concerned about whether big AI companies can hold on to their best people, especially after some staff left OpenAI to join Meta's AI team. But Pichai seemed confident on the earnings call. He said, 'We've always invested deeply in talent, including AI, for over a decade now.' ALSO READ: JD Vance torches Microsoft for axing US jobs while doubling down on H-1B visas Working on cutting-edge technology Having access to top computing power Collaborating with the best people in the industry Pichai added that Google is competitive in all these areas and expects to keep attracting and retaining top AI talent. Sundar Pichai is now officially a billionaire. His wealth mostly comes from a small stake in Alphabet and steady compensation. He has sold a large number of shares over time—but in a legal, well-planned way. The AI boom has boosted Alphabet's value and helped grow his fortune. Pichai's path to billionaire status is different from that of the founders, but still impressive, according to the report by Fortune. Q1. Is Sundar Pichai a billionaire now? Yes, Sundar Pichai is officially a billionaire with a net worth of $1.1 billion, thanks to his Alphabet shares and long-term compensation. Q2. .How did Sundar Pichai become so rich if he didn't start Google? He became wealthy through years of stock awards, a 0.02% stake in Alphabet, and the company's AI-driven growth, despite regularly selling shares. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. 8 video games Twitch turned into global hits: Dune Awakening, GTA 5, Fortnite, Among Us, Phasmophobia and more 8 video games Twitch turned into global hits: Dune Awakening, GTA 5, Fortnite, Among Us, Phasmophobia and more Jessica Alba and Danny Ramirez spark romance rumors after West Hollywood dinner date Jessica Alba and Danny Ramirez spark romance rumors after West Hollywood dinner date Heatwave alert: Brutal heat wave grips Eastern US, pushing temperatures past 110°F Heatwave alert: Brutal heat wave grips Eastern US, pushing temperatures past 110°F Inter Miami vs FC Cincinnati live stream, predictions, start time: When will Lionel Messi play again in MLS? Inter Miami vs FC Cincinnati live stream, predictions, start time: When will Lionel Messi play again in MLS? 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Time of India
3 days ago
- Business
- Time of India
Sundar Pichai net worth: How rich is the Google CEO - is he a billionaire?
Sundar Pichai, the CEO of Alphabet Inc., which owns Google, has officially become a billionaire. As of now, Pichai's net worth is estimated at $1.1 billion, according to the Bloomberg Billionaires Index. This billionaire status comes mainly from: Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Degree Management Others Digital Marketing Public Policy Artificial Intelligence Leadership Product Management others Cybersecurity PGDM MBA Data Science Healthcare Design Thinking Technology Data Science Finance CXO Operations Management Project Management healthcare MCA Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details His 0.02% ownership stake in Alphabet. Large cash reserves he's built up. Alphabet, the parent company of Google, has a market value of over $2.3 trillion, which helped boost the value of Pichai's shares. In the past month alone, Alphabet's Class A stock jumped by 13%, which gave a fresh boost to Pichai's personal fortune, as per the report by Bloomberg. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo Pichai didn't found google — but still became a billionaire Unlike other tech billionaires like, Mark Zuckerberg, Elon Musk and Jensen Huang. Pichai did not start Google himself. Because of that, Pichai never had a massive stockholding from the early days of the company — which is why his net worth is much lower than those founders. His billionaire status came only after years of compensation packages and steady stock gains at Alphabet, as per the report by Fortune. ALSO READ: SpaceX launches 28 Starlink satellites after rare network outage — Here what you need to know Live Events Pichai has sold a lot of stock over the years Over the last 10 years as CEO, Pichai has sold about $650 million worth of Alphabet shares. If he had kept those shares, they could be worth more than $1 billion today, and his total net worth would be around $2.5 billion instead of $1.1 billion. For example, in June 2025, Pichai sold about 33,000 Class C Alphabet shares at $169 each, earning about $5.5 million. But now those same shares are worth around $193 each, meaning they'd be worth over $6.4 million. Despite these sales, Pichai has stayed disciplined and transparent — and follows a legal rule called Rule 10b5-1, as stated by Fortune report. Why Pichai's share sales are legal and planned in advance Pichai's stock sales are made under Rule 10b5-1, a SEC-approved rule that lets executives plan their stock sales in advance. This rule: Prevents insider trading. Uses a pre-set formula to decide how many shares to sell, at what price, and on what date. Requires an independent third party to handle the sales. His recent sales on June 4 and July 16, 2025, were both made under this rule. Other top CEOs like Jensen Huang of Nvidia also use this same method. Fortune reported last summer that Huang was selling around $14 million in stock almost daily using Rule 10b5-1. James Reda, a compensation expert from Gallagher's HR consulting firm, explained this approach makes sense. He said, 'If you don't sell stock, you may end up like Elon Musk—borrowing big loans using stock as collateral.' Selling some shares regularly is a safer way to manage wealth, according to Reda. AI Boom Helps Push Pichai Into the Billionaire Club A big reason for Alphabet's recent stock growth is the AI boom. On Alphabet's Q2 earnings call, the word 'AI' was used around 90 times, showing how important it is to the company's strategy. The company reported 14% revenue growth year-over-year, reaching $96.4 billion in Q2, according to the report by Fortune. Google Search, YouTube ads, Google Cloud, and subscriptions all saw double-digit growth in the quarter. The stock rally—and Pichai's wealth jump—are part of a larger trend. In 2023, tech billionaires like Musk, Zuckerberg, and Larry Ellison added $585 billion combined to their fortunes, mostly thanks to AI. What Pichai said about keeping AI talent at Google Investors are concerned about whether big AI companies can hold on to their best people, especially after some staff left OpenAI to join Meta's AI team. But Pichai seemed confident on the earnings call. He said, 'We've always invested deeply in talent, including AI, for over a decade now.' ALSO READ: JD Vance torches Microsoft for axing US jobs while doubling down on H-1B visas He explained that top AI researchers care about: Working on cutting-edge technology Having access to top computing power Collaborating with the best people in the industry Pichai added that Google is competitive in all these areas and expects to keep attracting and retaining top AI talent. Sundar Pichai is now officially a billionaire. His wealth mostly comes from a small stake in Alphabet and steady compensation. He has sold a large number of shares over time—but in a legal, well-planned way. The AI boom has boosted Alphabet's value and helped grow his fortune. Pichai's path to billionaire status is different from that of the founders, but still impressive, according to the report by Fortune. FAQs Q1. Is Sundar Pichai a billionaire now? Yes, Sundar Pichai is officially a billionaire with a net worth of $1.1 billion, thanks to his Alphabet shares and long-term compensation. Q2. .How did Sundar Pichai become so rich if he didn't start Google? He became wealthy through years of stock awards, a 0.02% stake in Alphabet, and the company's AI-driven growth, despite regularly selling shares.
