Introduction

American software engineer and businessman, Eric Schmidt has an estimated net worth of $13.9 billion as of January 2018. He accumulated his wealth from his ownership stake in search giant Google. Schmidt is best known as chief executive of Google from 2001 to 2011, he is the current executive chairman of Google. 

Early Life

Eric Schmidt was born in Washington D.C. in 1955. He spent his childhood in Blacksburg, Virginia. He schooled at Yorktown High School, and went on to Princeton University and graduated with a bachelors in electrical engineering. He continued his education at the University of California, Berkeley, where he earned his MS, and then went on to earn a Ph.D. in EECS. He was also a part-time Professor at Stanford Business School.

Career

Schmidt was one of the Boards of Directors at Alphabet, the holding company for Google, the world’s largest Internet search operator. He owns about 1.3% of the Mountain View, a California-based company that handles more than 4 billion daily search requests, employed more than 70,000 people and had revenue of $90.3 billion in 2016. After 17 years, Eric Schmidt stepped down in January 2018 as Executive Chairman of Google’s parent company, Alphabet. He will now be a technical advisor.

American software engineer and businessman. According to Forbes, Eric Schmidt has a real-time net worth of $ 13.3 billion as of April 2018. He accrued his wealth from his ownership stake in Google. Eric Schmidt is best known as Chief Executive of search giant Google from 2001 to 2011. He also stepped down as Chief Executive Chairman of Google’s parent company and took the post of a Technical Advisor. He attended Yorktown High School, earned his B.S. in electrical engineering from Princeton University and MS/ Ph.D. from University of California, Berkeley. Eric Schmidt started his career working for several IT companies like Byzromotti Design, Bell Labs, Zilog and Xerox’s Palo Alto Research Center. He also served as a member of the Board of Directors for Apple Inc.

Schmidt has spent a lot of time on science and technology matters, as well as philanthropy and his new position at Alphabet will help him expand that work. “Larry, Sergey, Sundar and I believe that it is the right time in Alphabet’s evolution for this transition,” Schmidt said. “The structure of the Alphabet is working well, and Google and the other bets are thriving.”

The rise of Schmidt in Silicon Valley began with his work at Sun Microsystems from 1983 to 1997. Schmidt served as Sun’s chief technology officer and left the company to join Novell, where he was president and CEO of the company until 2001 when joined Google. He was CEO of Google for ten years until 2011 and chairman of the Board between 2001 and 2004, and later between 2007 and 2001.

Quotes

The rise of Google, the rise of Facebook, the rise of Apple, I think are proof that there is a place for computer science as something that solves problems that people face every day.

Eric Schmidt

The Internet is the first thing that humanity has built that humanity doesn’t understand, the largest experiment in anarchy that we have ever had.

Eric Schmidt

I actually think most people don’t want Google to answer their questions. They want Google to tell them what they should be doing next.

Eric Schmidt

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