Sundar Pichai becomes billionaire despite sharp drop in salary over 2 years — here’s how much the Google CEO earns
Sundar Pichai, CEO of the Google Parental Alphabet, has achieved another success because he was a billionaire on Thursday, Indian Origin Technology leader.
According to the Bloomberg Billionares Index, Sundar Pichai’s net value is now $ 1.1 billion. Meanwhile, Forbes connects the net value of Google CEO to $ 1.2 billion.
Sundar Pichai’s salary fell in 2024, but the net value rose
Sundar Pichai’s salary in 2024 fell to a great extent compared to what he won in 2022. According to Alphabet’s annual report, Pichai’s compensation received a major blow because CEO received $ 10.72 million.
This is a decrease larger than $ 226 million in 2022 as compensation.
But there are reasons why the drop is. In 2022, Sundar Pichai received a great share award every three years.
However, his main salary remained at $ 2 million during these years. Google CEO won the rest of the amount through revenue and other company advantages.
Meanwhile, the alphabet in 2024 spent 22 percent more money for Pichai’s security of $ 8.27 million, including “housing safety and counseling fees, security monitoring services, car and driver services and personal security during all travels”.
Why did the net value of Sundar Pichai rose?
The reason for the increase in the net value of Sundar Pichai is the star performance of the alphabet in the last quarter and then a rally in stocks.
On Wednesday, the alphabet reported that artificial intelligence increases every part of its business and reported three -month profits that exceeded expectations.
Alphabet’s second quarter wife-96.4 billion dollars-dollar income-technology giant this year would spend 10 billion dollars more than planned for capital expenditures and investment to meet the increasing demand for cloud services.
The alphabet shares rose to 4.1 percent after opening in New York on Thursday and the largest intraday gains in two months.
This resulted in a net leap of Sundar Pichai, which had a shares of 0.02 percent in the alphabet. The technology giant is currently worth 440 million dollars.
