Sundar Pichai Net Worth 2022
Sundar Pichai is an Indian-American business executive who has a net worth of $600 million. He is currently the Chief Executive Officer of Alphabet Inc, the umbrella company that owns Google. He replaced company co-founder Larry Page as CEO on December 3, 2019. At the same time, both Larry and co-founder Sergey Brin announced they were retreating from day-to-day work at the company, though they remain Alphabet’s largest shareholders and key members of the company’s Board.
Pichai was the Product Chief at Google before being named Google CEO in August 2015. The move came as part of a restructuring process that made Alphabet Inc. the parent company of Google. It has also been argued that the re-arrangement allowed founders Larry and Sergey to retreat as the public faces of Google as the company deals with a barrage of anti-trust investigations from dozens of Attorneys General, the FTC, and the Justice Department.
Sundar Pichai was born in Madurai, Tamil Nadu, India in July 1972. Pichai graduated from the Indian Institute of Technology and earned his M.S. from Stanford University and his MBA from the Wharton School of the University of Pennsylvania. He worked in product management and engineering at Applied Materials as well as in management consulting at McKinsey & Company.
Between 2015 and 2020 alone, Sundar has received north of $1 billion in total compensation and potential earnings, pre-tax.
Sundar Pichai’s base salary is $2 million, though in a recent typical year he has earned north of $100 million when bonuses and stock grants are taken into account. For example, he earned $100 million in 2015 and $199 million in 2016. When he earns these large salaries, it’s mostly made up of share grants. In 2017 he “only” made $1.3 million because he was not given a major grant. In 2018 his total compensation was $470 million.
In April 2013 Sundar was granted 353,939 restricted shares of Alphabet stock that had a 5-year vesting period. When those shares were fully vested in April 2018, they had a paper value of $380 million. They had been worth as much as $450 million when the stock was trading at nearly $1300 per share. At the time he was awarded the grant, the shares were worth $184 million. In addition to his 2013 stock grant, Sundar has earned north of $100 million in total compensation every year from 2014 onward. As we mentioned previously, he earned $199 million in 2016.
On December 20, 2019, it was announced that Sundar would receive an additional grant of $240 million in stock options over three years. Furthermore, his base salary was raised to $2 million up from $650 thousand.
Promotion to CEO:
On December 3, 2019, Google announced that company co-founders Larry Page and Sergey Brin had stepped fully aside and Sundar had been promoted to CEO of the full Alphabet conglomerate. Sundar replaced Larry as CEO and Sergey’s position as President had been eliminated. The co-founders are still the majority owners and super-owners through dual-class shares. They also still remain on the company’s Board.
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