The company's market worth has increased by more than USD 1 trillion since early 2023, and Alphabet Inc. reached a new milestone with a strong earnings report this week. According to Bloomberg, Alphabet has returned 120% for investors over that time, indicating that Wall Street has regained confidence in the tech giant's AI-powered growth story.
An uncommon distinction for a non-founding leader, Sundar Pichai, the CEO of indian descent, has also become a billionaire as a result of this boom. The Bloomberg Billionaires Index currently values Pichai, 53, at USD 1.1 billion, mostly as a result of Alphabet's success and years of steady income.
Alphabet shares jumped as much as 4.1% on thursday after the company's second-quarter earnings, which were better than anticipated, were released. The company also raised its 2025 capital expenditure projection by USD 10 billion to USD 85 billion in order to finance AI infrastructure.
"Our investments in AI infrastructure are essential to satisfying the increasing demand for cloud users."
- Sundar Pichai, on the Q2 earnings call for Alphabet.
The company also reported a 16% increase in R&D investment, which is consistent with its strong push into artificial intelligence.
Sundar Pichai's Net Worth
Bloomberg claims that although Pichai only holds a 0.02% economic share in Alphabet, or roughly $440 million, the majority of his wealth is in cash. He sold more than $650 million worth of Alphabet stock over the past decade, which the news site says cost him more than $1 billion in lost profits.
The story claims that if he had retained all of his shares, his position would have been worth almost $2.5 billion at current prices.
About Sundar Pichai
Born in tamil Nadu into a middle-class family, Sundar Pichai grew up in a two-room apartment. He received a scholarship to Stanford university in 1993. worked his way up to the top position over the next ten years after joining google in 2004. He helped lead the internet giant's Android division and developed the Chrome browser before taking over as CEO in 2015.
An uncommon distinction for a non-founding leader, Sundar Pichai, the CEO of indian descent, has also become a billionaire as a result of this boom. The Bloomberg Billionaires Index currently values Pichai, 53, at USD 1.1 billion, mostly as a result of Alphabet's success and years of steady income.
Alphabet shares jumped as much as 4.1% on thursday after the company's second-quarter earnings, which were better than anticipated, were released. The company also raised its 2025 capital expenditure projection by USD 10 billion to USD 85 billion in order to finance AI infrastructure.
"Our investments in AI infrastructure are essential to satisfying the increasing demand for cloud users."
- Sundar Pichai, on the Q2 earnings call for Alphabet.
The company also reported a 16% increase in R&D investment, which is consistent with its strong push into artificial intelligence.
Sundar Pichai's Net Worth
Bloomberg claims that although Pichai only holds a 0.02% economic share in Alphabet, or roughly $440 million, the majority of his wealth is in cash. He sold more than $650 million worth of Alphabet stock over the past decade, which the news site says cost him more than $1 billion in lost profits.
The story claims that if he had retained all of his shares, his position would have been worth almost $2.5 billion at current prices.
About Sundar Pichai
Born in tamil Nadu into a middle-class family, Sundar Pichai grew up in a two-room apartment. He received a scholarship to Stanford university in 1993. worked his way up to the top position over the next ten years after joining google in 2004. He helped lead the internet giant's Android division and developed the Chrome browser before taking over as CEO in 2015.
click and follow Indiaherald WhatsApp channel