Sundar Pichai Net Worth In 2020 And How He Became CEO of Google and Alphabet

When Sundar Pichai joined Google in 2004, he was only a hard-working employee who wanted to add value to the company and perhaps never imagined that he would someday become one of the highest-paid chief executives in the country. An engineering whizz, the Indian-born Pichai joined Google as part of a small team but ambitiously exceeded expectations when he masterminded the phenomenal launch of Google’s web browser, Chrome, in 2008, shocking his co-workers, superiors, and millions of web surfers across the globe. This feat undoubtedly saw Sundar Pichai’s net worth hit the rooftop.

Today, he is the CEO of Google and receives an annual salary that is more than double that of the average employee at Google. Besides his annual compensation, Pichai’s stock awards in Alphabet Inc. have been so overwhelmingly huge that he has turned down new stock options offered to him by the company.

How Sundar Pichai Emerged as an Engineering Whiz in His Native India

Sundar Pichai’s net worth may be nearly a billion dollars, but the tech guru came from humble beginnings. An Indian gentleman born on July 12, 1972, Pichai Sundararajan is the son of an electrical engineer and a stenographer. Sundar and his brother had a decent upbringing in their Asian home country – India. He was a hardworking student right from his high school days at Padma Seshadri Bala Bhavan. He continued with his excellent academic records at the prestigious Indian Institute of Technology, Kharagpur, where he studied Metallurgical Engineering.

Sundar later bagged a scholarship to Stanford University, where he earned his postgraduate degree in materials science and semiconductor physics. The scholarly gentleman would have taken his academic pursuits to the Ph.D. level at Stanford but eventually decided against it to focus on building his career. Years later, in 2002, Sundar Pichai returned to the classroom to bag an MBA from UPenn’s Wharton School.

Sundar Pichai
Pichai during his days at Stanford: Image Source

Developing Chrome and Other Feats That Helped Him Land the Google CEO Job 

Sundar Pichai has been with Google for more than a decade. He joined the search giant in 2004 as part of a small team that worked on its toolbar, as well as other innovative products and services. It was while working on Google’s toolbar that Pichai saw the big picture and birthed the seed of what is today known as the popular Google Chrome browser. When Pichai conceived the idea of the search giant’s browser, the concept did not sit well with the executive team at the time because they felt it was a risky venture for the company. But an ambitious Pichai would later prove naysayers wrong when Google’s web browser was launched to critical acclaim in 2008.

Although browsers have been in existence from the beginning of the internet, Chrome has phenomenally become one of the fastest and most efficient browsers of this era for most web surfers. This success predictably increased Sundar Pichai’s profile within Google, and he was immediately promoted to the position of vice president of product marketing. In this role, the Indian-American oversaw the development and launch of other innovative products, including Gmail, Google Maps, and the Android System. He was consequently made product chief over Google and Android Operating System in 2014.

Pichai held this position for about a year before Google co-founders, Larry Page and Sergey Brin announced their decision to restructure the organization and place it under the control of a holding company, Alphabet Inc. in 2015. Following the move, the duo naturally appointed the excellent Pinchai to the role of CEO of Google in 2015, and he has been at that position to date. In 2019, he also became the CEO of Alphabet following the retirement of Larry Page. As CEO of both companies, Sundar Pichai has so far done a good job of steadying the ship and taking the company to new heights.

READ   Defining Moments of Danica McKellar's Net Worth and Facts About Her Family Life and Homeschooling Methods

Sundar Pichai
Pichai with Google co-founder, Sergey Brin: Image Source

He Earned $1.2 Million Per Day As Google CEO in 2018

Like most tech executives (think Mark Zuckerberg and Jack Dorsey), Sundar Pichai receives hefty pay-outs each year. Even before he became the CEO of the Mountain View-based search giants, the Indian-native had been making huge salaries, in addition to other perks in several important positions he has held. For instance, he was awarded a stock option worth $250 million back in the year 2014.

Following his substantive appointment as the CEO of Google in 2015, Pinchai received an annual salary package worth $650,000 and a personal security budget of $1.2 million. He also gained improved stock options in the company to the tune of $300 million. This arrangement stayed in place for the next three years, and in 2018, the engineer was given another bunch of stock options. He, however, turned it down as he felt he was already paid generously.

Given his stock portfolio and actual salaries, Sundar Pinchai earns hundreds of millions of dollars each year. For instance, in the year 2018 alone, he made a whopping $470 million. Some numbers-crunching will reveal that he made $1.287 million per day and $225,961 per hour (based on a 40-hour workweek). This figure is well above the national American average, which is a mere $22.50 per hour.

See Also:  How Did Tim Cook Become Apple CEO & How Much Money Does He Make?

Assuming Leadership of Alphabet and Gaining Additional Millions

Sundar Pichai’s net worth is guaranteed to grow in the nearest future, and this is due to his latest appointment. Following his continued achievements at Google, its co-founder, Larry Page, had no difficulty choosing Pinchai as the CEO of Alphabet upon his retirement in December 2019. This new role means increased visibility and responsibilities for the Indian native. It also means increased compensation as he is set to receive an annual salary of $2 million starting from 2020.

Pichai will also receive $240 million worth of stocks (Google stocks are presently worth $1,412 per share as of June 2020) if he reaches certain targets, as well as an additional $90 million in stocks if the company’s shares outperform the S&P share index. It, therefore, means that Pinchai will earn much more than the $470 million and the $1.287 million daily he made in 2018.

READ   21 Richest Politicians Of All Time and Their Net Worth (2020 Updated)

Meanwhile, this improved pay has not gone down well in some quarters as some Google employees argue that they make barely enough to be able to afford the astronomical rent in the Silicon Valley area. Some of them are also not happy with the way Pinchai and his management team have handled internal issues in the company. In the recent past, the staff has protested against pay equity and sexual harassment, and instead of addressing this, the management has tried to quell the uprising by retaliating and firing the leaders. Therefore, even though Sundar Pinchai stands to make much more from his new role, he does have a large amount of work cut out for him to do.

Sundar Pichai
Sundar during a visit to India – image source

Is the Google CEO a Billionaire?

Despite his jaw-dropping pay package at Google and Alphabet Inc., Sundar Pichai’s net worth is not in the billionaire’s range, at least, not yet. The computer scientist has a fortune that presently hovers at around $900 million and will need to wait for some months, at least for his joint Google and Alphabet salary to kick in before he will join the billionaires club at Google.

Other people who already belong to this exclusive main club presently are the company’s original co-founders, Larry Page and Sergey Brin. Page has a net worth of $64.9 billion, while Brin is worth about $63.4 billion. The duo earned their massive wealth from their ownership stake of the tech giant, Alphabet Inc., which is put at 6% combined.


Understanding Cristiano Ronaldo’s Net Worth and Football Successes

What is Cristiano Ronaldo’s net worth? As of the time of this writing, Cristiano Ronaldo’s net worth is roughly $500 million, this makes him one...

These are The World’s 8 Members Of The $100 Billion Net Worth Club (Centibillionaires)

Despite the pandemic, there have been rapid-fire public offerings, as well as a surge in the prices of stocks and cryptocurrencies which mostly account...

Donald Trump’s Favorite Luxury Brands Revealed

If you've never heard of the name Donald Trump, then you need to crawl outta that hole you've been hiding under ASAP. Donald Trump...

What Is Michael Strahan Net Worth and Is He Married With Kids?

What is Michael Strahan's net worth? Michael Strahan is a retired NFL player, football analyst, talk show host, and entrepreneur who has a net worth...

What is Robert Herjavec’s Net Worth and Who are His Wife and Children?

What is Robert Herjavec's Net Worth? Robert Herjavec is a Canadian businessman, investor and TV personality known for his work on "Dragon's Den", "Shark Tank"...

A Look at Jessica Simpson’s Net Worth, Husband and Weight Loss Journey

What is Jessica Simpson's net worth? Jessica Simpson is an American singer, TV personality, actress, entrepreneur, and fashion mogul. Her net worth is estimated at...

Featured Today

Joel Osteen – Divorce Rumours, Wife & Net Worth

Over 7 million viewers weekly and more than 20 million monthly in over 100 countries across the globe tune in to listen to American...

Debbie Wahlberg, Mark Wahlberg’s Sister – Siblings, Son, And Death

September 2003 may have been a forgotten date for fans and allies of the popular American actor Mark Wahlberg, but not so for the...

Who is Laura Coates? Her Husband, Age and CNN Career

One of the reasons why America’s news organizations and journalism as a whole is one of the most followed in the world is the...

Who Was André the Giant Married To And Did They Have Any Children?

André the Giant gave all of himself to entertain the world despite being born with acromegaly, a condition that kept his body growing uncontrollably....

Captivating Facts About Nicole Lz’s Divorce and Relationship With Adam Lz

There are many ways to become popular in this day and age. A few people have achieved fame by being good at what they...

Related Stories