Net Worth
| Category | Information |
|---|---|
| Net Worth | $24 billion |
| Salary | N/A |
| Birthdate | April 27, 1955 |
| Birthplace | Washington D.C., United States |
| Gender | Male |
| Height | N/A |
| Profession | Businessman, Philanthropist |
| Nationality | American |
Highlights
– Eric Schmidt has a net worth of $24 billion.
– He was the former CEO of Google and served in various executive positions within the company.
– Schmidt played a crucial role in Google’s growth and success, including its initial public offering.
– He has sold billions of dollars worth of Google shares throughout his career.
Early Life
Eric Schmidt was born on April 27, 1955, in Washington D.C., United States. He spent his childhood in Blacksburg, Virginia. Schmidt attended Yorktown High School and went on to pursue a degree in electrical engineering from Princeton University. He furthered his education at the University of California, Berkeley, where he earned his MS and PhD in EECS. Schmidt also worked as a part-time professor at Stanford Business School.
Career
Prior to joining Google, Eric Schmidt held positions with Bell Labs, Novell, the Palo Alto Research Center, Zilog, and Sun Microsystems. At Sun Microsystems, he climbed the ranks from Director of Software Engineering to Vice President and GM of the software products division. During his time at Novell, he served as the chairman of the board and CEO. In 2001, Schmidt joined Google as its CEO and played a pivotal role in the company’s growth and development. He remained as CEO until 2011 and continued to serve on the board of directors until 2019. Throughout his career, Schmidt has acquired a significant number of shares in Google, making him a billionaire.
Personal Life
Eric Schmidt was married to Wendy Schmidt, and they have two daughters together. Tragically, their daughter Alison passed away in 2017. Their surviving daughter, Sophie, is the founder of a technology journalism endeavor called Rest of the World. Although Eric and Wendy officially separated in 2011, they continue to collaborate on philanthropic endeavors and make joint real estate purchases. In November 2020, it was reported that Eric was in the process of acquiring citizenship from the island of Cyprus.
Net Worth Over Time
Eric Schmidt’s net worth has experienced significant growth over the years, primarily due to his involvement with Google. As of the latest estimates, his net worth stands at $24 billion. Schmidt amassed a substantial amount of wealth through his shares in Google, which he acquired during his tenure as CEO and board member. He has sold billions of dollars worth of Google stock, further boosting his net worth.
Components of Net Worth
Eric Schmidt’s net worth primarily consists of his holdings in Google (now known as Alphabet). As of March 2023, he owns an estimated 70 million shares of Google stock, which represents about 1% of the company’s total outstanding shares. Additionally, Schmidt was granted 14.3 million shares of Google stock when he joined the company in 2001. Over the years, he has also received stock options, which he has exercised. Eric has sold at least $4 billion worth of Google shares, contributing significantly to his overall net worth.