Eric Schmidt is one of the high profile businessman and software. Having started his career at several companies, he later went on to become the CEO of Google. He served as the CEO of Google from 2001 to 2011. He stepped as the CEO of Google in 2011 and was appointed the executive chairman of Google from 2011 to 2015. He also served CEO of several other companies and has also served on boards of several academic institutions and business companies. He served as CEO of Alphabet Inc. from 2015 to 2017 and its Technical Advisor from 2017 to 2020.
He currently chairs the US Department of Defense’s Defense Innovation Advisory Board. He previously worked at Sun Microsystems, Alphabet, Novell, and Apple among others. Being one of the top IT executives in the world, he has accumulated billions of wealth to his possession.
What is Eric Schmidt Net Worth?
After joining Google, he was paid $250,000 salary including an annual performance bonus. He was granted 14,331,703 shares of Class B common stock at $0.30 per share and 426,892 shares of Series C preferred stock at the purchase price of $2.35. He agreed to a base salary of US$1 in 2004. His $1 salary continued through 2010. He also agreed to other compensation of $557,465 in 2006, $508,763 in 208, and $243,66 in 2009. Schmidt did not receive any additional stock or options in 2009 or 2010.
Schmidt was one of few people who became billionaires based on stock options received as employees in corporations of which they were neither the founders nor relatives of the founders. Forbes ranked Schmidt as the 136th-richest person in the world in 2011. His net worth was estimated at $7 billion in 2011. When Schmidt stepped down as the CEO of Google, Google gave in a $100 million equity award in 2011. Forbes ranked Schmidt as the world’s 119th-richest person with an estimated net worth of $11.1 billion.
As of 2020, Schmidt’s net worth has increased to $15.5 billion.