Since Pichai, 51, grew to become CEO of Google in 2015, the inventory has surged greater than 400%, considerably outperforming the S& and Nasdaq over the identical interval. It hit a contemporary document on Friday after the corporate’s first-quarter earnings beat expectations, boosted by AI-driven development in its cloud computing unit.It additionally launched a dividend for the primary time in its historical past.
That rally, alongside hefty inventory awards which have made him one of many world’s highest-paid executives, has boosted Pichai’s fortune to just about $1 billion, based on the Bloomberg Billionaires Index.
Pichai was chosen in 2015 by co-founder Larry Page to be Google’s CEO, whereas Page grew to become CEO of newly-formed holding firm Alphabet. Pichai took over that position as effectively in 2019 when Page and co-founder Sergey Brin — two of the ten richest folks on the earth, based on Bloomberg’s wealth index — stepped again from day-to-day administration.
In his time as CEO, Pichai has overseen a significant enlargement of the corporate’s product line with the addition of Google Assistant, Google Home, Google Pixel, Google Workspace and extra. He was additionally an early adopter of AI, calling it a “once-in-a-generation opportunity”.
