With numerous successful products under his leadership, this was inevitable. Google CEO Sundar Pichai made nearly $200 million in compensation last year, almost double of what he made in 2015. According to a filing by Google s parent company Alphabet, the Indian-origin executive made $199.7 million in 2016 owing to his promotion as CEO and a successful stint so far. Also Read - Jio-Google partnership: JioPhone Next to new 5G collaboration, here are 5 key takeawaysAlso Read - Samsung Galaxy Chromebook Go powered by Intel Jasper Lake Celeron processor revealed
Pichai s base pay was $650,000 and in addition to that, he received stock award for $198.7 million, taking the total compensation to an enviable number. Having worked as a Google executive, Pichai assumed the role of CEO in 2015 after the company underwent a major restructuring and Alphabet as a parent company was formed. While co-founder Larry Page shifted to head new businesses under Alphabet, Pichai takes care of all things Google. Also Read - Free COVID-19 vaccine: Today’s Google Doodle urges all to get vaccinated, wear mask
Under Pichai s leadership, Google s sales from YouTube and advertising revenue soared. Furthermore, last year, the company officially entered the smartphone market with its first set of self-branded smartphones called Pixel and Pixel XL. ALSO READ: Google, Facebook dominate digital ads in 2017: Report
Google s investment into artificial intelligence, cloud computing, hardware, and machine learning has also witnessed growth. It is worth mentioning that Google s other revenues category, which includes hardware and cloud services, hit nearly $3.1 billion in the recent quarter, indicating about 50 percent of gain from the quarter a year before.
In a recent report by eMarketer, Google is expected to maintain its dominance and account for 40.7 percent of US digital ad revenue in 2017, surpassing that of Facebook s share. Google s dominance in search coming from consumers who are using more of their smartphones to look up for information is largely attributed to Google s projected success this year. Other than ad revenue, Google s display business is also estimated to rise to $5.24 billion. ALSO READ: CEO Sundar Pichai received the cutest job application from a 7-year-old
Despite earning big, the millionaire CEO has not forgotten his roots in India and in his recent interview revealed the company s plans to further accelerate the government push towards digital economy. The 44-year-old IIT Kharagpur alumni expressed support for the United Payments Interface (UPI), which is the latest platform sprouting out of the demonetization announcement.
Without getting into the details, he said, Google is understanding what UPI is and the power of the stack built here, adding, may be we will bring services from Google on top of UPI which will make things better for users in India. He further added how India is well-positioned to become a strong digital economy.