Sundar Pichai, the CEO of Google, is all set to make a lot of money. Through the vesting of stock options granted to him in 2014, before he took over as the CEO of Google, Pichai is set to make $380 million (approximately Rs 2,520 crore). The award of 353,939 shares made to him in 2014 has multiplied in value due to the phenomenal growth of Google, and its parent company Alphabet, and is worth a much larger amount than it was when awarded.
While Alphabet Inc – the parent company of Google and its other subsidiaries – is led by Google founders Larry Page (who serves as CEO) and Sergey Brin (who serves as President), long-time employee of Google Sundar Pichai was appointed to the role of CEO of Google LLC in 2015 after the corporate restructuring of the company that saw Google become a product-based subsidiary of holding company Alphabet Inc. The stock options were awarded prior to Pichai’s appointment to the role, but vest on April 25 at a far higher value than what they were at the time of the award.
Google currently functions as the product company for the organization’s flagship products, including the highly successful search engine google.com, the entire advertising business, the hardware division that develops Google-branded smartphones, speakers and other products, Google’s suite of web services including Gmail, Google Maps and Google Drive, as well as the software division which develops the Android operating system and Chrome-based software applications.
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With this bonus payout, Google CEO Sundar Pichai will have his net worth increase significantly. He is already believed to be worth over $1 billion, and earns a total salary of around $200 million per year. Pichai also sits on the board of parent company Alphabet Inc. Born in Madurai, India, Sundar Pichai is current 45 years old, and an alumnus of IIT Kharagpur, Stanford University and University of Pennsylvania.