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Google CEO Sundar Pichai nears billionaire status amid AI boom

  • Sundar Pichai all set to add his name to the billionaire's list
  • Since he became the CEO of Google in 2015, the company's stock have surged more than 400%
  • Pichai's net worth includes $424 million in current shareholdings

01 May 2024

Google CEO Sundar Pichai nears billionaire status amid AI boom

Sundar Pichai, the Chief Executive Officer of Alphabet Inc., is on the verge of joining the exclusive club of billionaires, a rare feat for a non-founder tech executive, as per reports.

Under Pichai's leadership since 2015, Google's stock has surged over 400%, surpassing both the S&P 500 and Nasdaq indices. The recent boost came after the company's first-quarter earnings surpassed expectations, fueled by the remarkable growth of its cloud computing unit driven by artificial intelligence (AI) technologies. Additionally, Google introduced a dividend for the first time in its history, further bolstering investor confidence.

This is a remarkable rise for the native of Chennai, India, who grew up in a two-room apartment where he and his younger brother slept on the living room floor.

This remarkable rally, combined with substantial stock awards, has propelled Pichai's fortune to nearly $1 billion. His net worth comprises $424 million in current shareholdings and approximately $600 million from share sales since assuming the role of CEO.

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