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Economic Times
2 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
2 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.
Time of India
12-06-2025
- Politics
- Time of India
Nashik district administration asks chief officers to start process of demarcation of wards in councils
Nashik: The district administration has instructed the chief officers of nine municipal councils to initiate ward demarcation processes for upcoming elections without delay. "As per the instructions from state govt, the work of forming the wards and other things will be handled by state govt, and the conduct of the elections will be carried out by state election commission. State govt has now chalked out the time-bound programme for the same," said a senior officer from the district collectorate. Council chief officers need to establish teams of enumerators by June 16 to perform fundamental electoral tasks, including voter registration, numerical assessments and ward distribution. From June 17 until July 3, teams will prepare ward-wise maps through site visits, finalise boundaries and create detailed area maps showing adjacent ward information, according to the officer. Subsequently, draft plans of council ward structures will be forwarded to the state election commission (SEC) for approval. The SEC-approved ward system will be published in the media by July 15, allowing citizens to submit claims and objections. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pistol de sudură laser multifuncțional siginificant Află mai multe Undo "The collector or the officer designated by him will listen to the claims and objections from July 22 to 31 and then send the finalised ward-wise plan for the final approval of the SEC in the first week of Aug. Thereafter, the finalised structure will be published in the media after Aug 22," the officer added. Nine councils in Nashik district are due for elections as their terms have expired: Bhagur, Manmad, Nandgaon, Satana, Sinnar, and Yeola (tenure ended in 2021), Igatpuri, Trimbakeshwar (Jan 2023), and Chandwad (Nov 2020). Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Yahoo
16-05-2025
- Yahoo
Athens man to spend over a year in federal prison for hacking SEC social media
WASHINGTON D.C. (WHNT) – An Athens man was sentenced to 14 months in prison after pleading guilty to his part in a January 2024 takeover of a U.S. Securities and Exchange Commission's social media account. According to the United States Department of Justice, 26-year-old Eric Council Jr. conspired with others who took 'unauthorized control' of the SEC's X account and falsely announced the SEC-approved BTC Exchange Trade Funds. Immediately following the fake announcement, the price of BTC rose by more than $1,000 per bitcoin. The SEC was able to regain control of the account and confirm the announcement was false. Council used a fake ID card to impersonate the victim and gain access to the cell phone number in order to get into the SEC's account. His coconspirators were then able to use the account pretending to be the SEC Chairman. 'Schemes of this nature threaten the health and integrity of our market system,' said U.S. Attorney Jeanine Pirro. 'SIM swap schemes threaten the financial security of average citizens, financial institutions, and government agencies. Don't fool yourself into thinking you can't be caught. You will be caught, prosecuted, and will pay the price for the damage your actions create.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-02-2025
- Business
- Yahoo
Athens man pleads guilty to hacking SEC X account in 2024
WASHINGTON, D.C. (WHNT) — An Athens man pleaded guilty to his part in a Jan. 2024 takeover of the U.S. Securities and Exchange Commission social media account on X. According to the United States Department of Justice, 25-year-old Eric Council Jr. conspired with others who took 'unauthorized control' of the SEC's X account and falsely announced the SEC-approved BTC Exchange Trade Funds. This false announcement was based on a decision that was highly anticipated by the market, according to the DOJ. Immediately after the false announcement, the price of BTC increased by more than $1,000 per bitcoin. Shortly after the post, the SEC regained control of its account and confirmed the announcement was false and due to a security breach. Following the correction by the SEC, the value of BTC decreased by more than $2,000 per bitcoin. Per the DOJ, the people who hacked into the SEC X account used an unauthorized Subscriber Identity Module (SIM) swap carried out by Council Jr. A SIM swap refers to the process of 'fraudulently inducing a cell phone carrier to reassign a cell phone number from the legitimate subscriber or user's SIM card to a SIM card controlled by a criminal actor.' Council Jr. used an identification card printer to create a fraudulent identification card with a victim's personal information, which he received from the co-conspirators. He used the fraudulent identification card to impersonate the victim and gain access to their cell phone number to access the SEC's account. Council Jr.'s co-conspirators then were able to access the account and posted claiming to be the SEC Chairman. Council Jr. received payment in Bitcoin from his co-conspirators for his role in the scheme. Council pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud. He is scheduled to be sentenced on May 16 and faces a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. The FBI Washington Field Office and SEC Office of Inspector General are investigating the case. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
