Alphabet’s rise propels CEO Sundar Pichai to $1 billion fortune

SundarPichai Joins the Billionaire Club

Alphabet CEO Sundar Pichai has officially joined the billionaire ranks, reaching a net worth of $1.1 billion largely through long-term compensation and a 0.02% stake in the $2.3 trillion company.
New Delhi: Alphabet Inc.’s continued rally on the stock market has delivered a windfall not only for investors but also for its CEO, Sundar Pichai, who has now crossed the $1 billion net worth milestone. The 53-year-old, originally from Tamil Nadu, has seen his fortune rise to $1.1 billion, accordi ng to the Bloomberg Billionaires Index.
This financial leap is driven largely by the surge in Alphabet’s stock, which has soared over 120% since early 2023, adding over $1 trillion to the company’s market capitalisation, reported Bloomberg. Unlike tech titans such as Meta’s Mark Zuckerberg or Nvidia’s Jensen Huang, who built their wealth through founding equity, Mr Pichai’s ascent is distinct. He joined Google, now Alphabet’s main subsidiary, in 2004, long after its 1998 founding. His early work on Chrome and Android laid the groundwork for his elevation to CEO in 2015. It was the same year Google restructured under the Alphabet umbrella. He was named the Alphabet CEO in 2019. Earlier this month, Mr Pichai became the company’s longest-serving chief executive, completing nearly a decade at the helm.