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Sundar Pichai’s Net Worth

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Sundar Pichai’s Net Worth

Sundar Pichai might be worth more than 500 million dollars. Indeed, the CEO of Google, Sundar Pichai, received a base salary of 2 million dollars in 2022. In addition, between 2019 and 2022 alone, he received a total compensation (comprising base salary, stock awards, and other bonuses) of $294 million, making him worth more than 300 million dollars at current market value. Over the years, Pichai has sold part of his stocks, making his net worth pass 500 million dollars.

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CategoryDetails
Full NamePichai Sundararajan (Sundar Pichai)
Date of BirthJune 10, 1972
Place of BirthMadurai, Tamil Nadu, India
NationalityIndian-American
EducationBachelor of Technology in Metallurgical Engineering from IIT Kharagpur, Master of Science in Material Sciences and Engineering from Stanford University, Master of Business Administration from the Wharton School of the University of Pennsylvania
Early CareerWorked in engineering and product management at Applied Materials and in management consulting at McKinsey & Company
Major CompaniesGoogle, Alphabet Inc.
PositionsCEO of Google, CEO of Alphabet Inc.
Net WorthEstimated around $600 million (as of 2023)
Business Milestones– 2004: Joined Google as Vice President of Product Management, initially working on the Google Toolbar and then Google Chrome, which became the world’s most popular web browser. – 2008: Led the launch of Google Chrome, which quickly gained a significant market share in the browser market. – 2012: Became Senior Vice President, overseeing Chrome, Apps, and Android, which consolidated his influence over Google’s most critical products. – 2014: Named Head of Product, overseeing all of Google’s products and platforms, including Search, Maps, Google+, Commerce, Ads, and Infrastructure. – 2015: Appointed CEO of Google, leading all of the company’s core businesses, including Android, Search, YouTube, Apps, and Ads. – 2015: Played a key role in the creation of Alphabet Inc., with Google becoming its largest subsidiary and Pichai continuing as CEO of Google. – 2019: Became CEO of Alphabet Inc., succeeding Larry Page and assuming responsibility for Alphabet’s “Other Bets” alongside Google’s core businesses. – 2020: Led Google and Alphabet through the COVID-19 pandemic, ensuring business continuity and adapting to new challenges in digital transformation and remote work. – 2021: Oversaw significant advancements in AI, cloud computing, and quantum computing, maintaining Google and Alphabet’s positions as leaders in technology innovation. – 2022: Continued to focus on AI, sustainability, and expanding global internet access through initiatives like Project Loon and various philanthropic efforts under Google.org.

Background

Sundar Pichai, born Pichai Sundararajan, is an Indian-American businessman and current CEO of Alphabet and its subsidiary Google. 

Pichai showed a keen interest in technology as a child and was fascinated by electronics and gadgets.

He went on to earn his undergraduate degree in metallurgical engineering from the Indian Institute of Technology in Kharagpur.

Let’s chart Pichai’s history from that moment onward.

Education and early career

Pichai moved to the USA after receiving his undergraduate degree and then earned a master’s in material science and engineering from Stanford University. Not satisfied, he then enrolled at the Wharton School at the University of Pennsylvania and earned an MBA.

Post-MBA, Pichai started his professional career at Applied Materials – an American supplier of equipment, services, and software for electronics semiconductors. He also worked briefly as a management consultant for McKinsey & Company.

Pichai joins Google

Pichai joined Google in 2004 as a product manager where he was a key part of the management and innovation of various software products.

He soon attracted the attention of Google co-founders Larry Page and Sergey Brin and earned a reputation for his sharp intellect and excellent leadership skills.

Pichai initially worked on products such as ChromeOS, Google Chrome, and Google Drive, but later oversaw the development of other applications such as Gmail and Google Maps. 

Pichai’s idea to build Chrome in particular is worthy of further mention. Now one of its greatest successes, the development of Chrome overcame substantial resistance from CEO Eric Schmidt who did not want Google to enter the browser wars.

Pichai becomes Google CEO

In August 2015, Google announced a restructuring that caught many by surprise. Pichai would become CEO of a somewhat smaller, search-focused version of Google while Page would become CEO of Google’s new parent company Alphabet. 

Announcing the move in a blog post, Page noted that Pichai was a natural choice to lead Google and had “really stepped up since October of last year, when he took on product and engineering responsibility for our internet businesses. Sergey and I have been super excited about his progress and dedication to the company.”

Pichai becomes Alphabet CEO

On December 3, 2019, Pichai became the CEO of Alphabet after Page and Brin stepped down from their roles. 

The co-founders explained that with Alphabet well-established and Google and other bets functioning well as independent companies, it was time to simplify the management structure.

With no need for two CEOs and a President, Sundar would become the CEO of both Alphabet and Google.

Brin and Page would remain actively involved as Board members and shareholders, but they were enthusiastic about Sundar in the role who would bring “humility and a deep passion for technology to our users, partners and our employees every day.”

Pichai has only been in the role for a short time, but he has continued to invest in Google Cloud and is a fervent supporter of machine learning and artificial intelligence.

While other companies bet on the Metaverse as the next frontier, Pichai believes that Google’s future will remain in search as consumers ask questions of computers via voice and multimodal experiences. 

To that end, he is also passionate about the future of immersive computing as a natural evolution of the internet.

Key takeaways

  • Sundar Pichai, born Pichai Sundararajan, is an Indian-American businessman and current CEO of Alphabet and its subsidiary Google. 
  • Post-MBA, Pichai started his professional career at Applied Materials – an American supplier of equipment, services, and software for electronics semiconductors. He also worked briefly as a management consultant for McKinsey & Company.
  • Pichai joined Google in 2004 as a product manager where he was a key part of the management and innovation of various software products. He soon earned a reputation for his sharp intellect and excellent leadership skills and started to climb the ladder.

Key Highlights

  • Sundar Pichai: CEO of Alphabet and Google, an Indian-American businessman with a net worth exceeding $500 million.
  • Education and Early Career: Pichai earned his undergraduate degree in metallurgical engineering from the Indian Institute of Technology, followed by a master’s in material science and engineering from Stanford University, and an MBA from the Wharton School at the University of Pennsylvania.
  • Joining Google: Pichai joined Google in 2004 as a product manager and played a crucial role in the development of software products like ChromeOS, Google Chrome, and Google Drive.
  • Pichai Becomes Google CEO: In August 2015, Pichai was appointed CEO of Google in a restructuring, with Larry Page becoming CEO of Alphabet.
  • Pichai Becomes Alphabet CEO: On December 3, 2019, Pichai became the CEO of both Alphabet and Google after Page and Brin stepped down from their roles.
  • Investment in Google Cloud and AI: Pichai continued to invest in Google Cloud and is a strong advocate for machine learning and artificial intelligence.
  • Focus on Search and Immersive Computing: Pichai believes that Google’s future lies in search and the natural evolution of the internet through immersive computing.

Related To Google

Google Business Model

Google is an attention merchant that – in 2022 – generated over $224 billion (almost 80% of revenues) from ads (Google Search, YouTube Ads, and Network sites), followed by Google Play, Pixel phones, YouTube Premium (a $29 billion segment), and Google Cloud ($26.2 billion).

Who Owns Google

Google is primarily owned by its founders, Larry Page and Sergey Brin, who have more than 51% voting power. Other individual shareholders comprise John Doerr (1.5%), a venture capitalist and early investor in Google, and CEO, Sundar Pichai. Former Google CEO Eric Schmidt has 4.2% voting power. The most prominent institutional shareholders are mutual funds BlackRock and The Vanguard Group, with 2.7% and 3.1%, respectively.

Google Other Bets

Of Google’s (Alphabet) over $282 billion revenue for 2022, Google also generated over a billion dollars from a group of startup bets, which Google considers potential moonshots (companies that might open up new industries). Those Google’s bets also generated a loss for the company of over $6 billion in the same year. In short, Google is using the money generated by search and betting it on other innovative industries. Of Google’s (Alphabet) over $282 billion revenue for 2022, Google also generated over a billion dollars from a group of startup bets, which Google considers potential moonshots (companies that might open up new industries). Those Google’s bets also generated a loss for the company of over $6 billion in the same year. In short, Google is using the money generated by search and betting it on other innovative industries. 

Google Cloud Business

How Big Is Google?

Google is an attention merchant that – in 2022 – generated $224 billion (almost 80% of its total revenues) from ads (Google Search, YouTube Ads, and Network sites), followed by Google Play, Pixel phones, YouTube Premium (a $29 billion segment), and Google Cloud ($26.3 billion).

Google Traffic Acquisition Costs

The traffic acquisition cost represents the expenses incurred by an internet company, like Google, to gain qualified traffic – on its pages – for monetization. Over the years, Google has been able to reduce its traffic acquisition costs and, in any case, to keep it stable. In 2022 Google spent 21.75% of its total advertising revenues (over $48 billion) to guarantee its traffic on several desktop and mobile devices across the web.

How Does Google Make Money

Alphabet generated over $282B from Google search and others, $32.78 billion from the Network members (Adsense and AdMob), $29.2 billion from YouTube Ads, $26.28B from the Cloud, and $29 billion from other sources (Google Play, Hardware devices, and other services).

YouTube Business Model

YouTube was acquired for almost $1.7 billion in 2006 by Google. It makes money through advertising and subscription revenues. YouTube advertising network is part of Google Ads, and it reported more than $29B in revenues by 2022. YouTube also makes money with its paid memberships and premium content.

Google vs. Bing

Google Profits

Google Revenue Breakdown

In 2022, Google generated over $282 billion in revenues, of which over $162 billion from Google Search, over $29 billion from YouTube Ads, and almost $33 billion from Network Members’ properties. In addition, Google generated over $29 billion in other revenue, over $26 billion from Google Cloud, and over a billion dollars from other bets.

Google Advertising Revenue

Apple vs. Google

Google Employees Number

Google Ad vs. Facebook Ad

YouTube Ad Revenue

YouTube, by 2022, generated over $29 billion in advertising revenues.

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This post first appeared on FourWeekMBA, please read the originial post: here

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Sundar Pichai’s Net Worth

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