Eric Schmidt
| Net Worth: | $28 Billion |
| Date of Birth: | Apr 27, 1955 (66 years old) |
| Gender: | Male |
| Profession: | Electrical engineer, Engineer, Businessperson, Software Engineer |
| Nationality: | United States of America |
What is Eric Schmidt’s net worth and salary?
Eric Schmidt is an American businessman and philanthropist who has a net worth of $28 billion. Eric Schmidt is most notable for being the former CEO of Google. Eric was brought in to take over as CEO from company founders Larry Page and Sergey Brin in 2001. He successfully guided the company through its blockbuster initial public offering. Eric was CEO of Google through 2011. He then served as Chairman and Technical Advisor through 2020.
Eric is member of a small club of individuals who became billionaires as employees of companies they did not found. Other examples include eBay’s Meg Whitman, JP Morgan’s Jamie Dimon and Apple’s Tim Cook.
Early Life
Eric Schmidt was born in Washington D.C. in 1955. He spent his childhood in Blacksburg, Virginia. He attended Yorktown High School, and went on to Princeton University and graduated with a bachelors in electrical engineering. He continued his education at the University of California, Berkeley, where he earned his MS, and then went on to earn a PhD in EECS. He was also a part time Professor at Stanford Business School.
Early Career
Prior to joining Google, Eric held positions with Bell Labs, Novell, the Palo Alto Research Center, Zilog and Sun Microsystems. At Sun he worked his way up from Director of software engineering to Vice President and GM of Sun Microsystems’s software products division. While at Novell he served as the chairman of the board and the CEO.
Eric was interviewed by Google founders Larry Page and Sergey Brin at a pivotal Pre-IPO time during Google’s origination. He became Google’s chairman, and CEO in 2001. He served as CEO until 2011. Upon stepping down as CEO, Eric was given a $100 million equity award.
When he was initially hired by Google, Eric was given a base salary of $250,000 plus 14,331,703 Class B shares of the company’s common stock at $0.30 per share. He was also given 426,892 shares of Series C preferred stock at $2.34 per share.
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