Eric Schmidt Net Worth 2024

Eric Schmidt net worth 2024: Eric Emerson Schmidt is an American businessman and software engineer known for being the CEO of Google from 2001 to 2011, executive chairman of Google from 2011 to 2015, executive chairman of Alphabet Inc. from 2015 to 2017, and Technical Advisor at Alphabet from 2017 to 2020.

Eric Schmidt net worth and Biography

Net Worth	$20 billion
Date of birth	April 27, 1955
Occupation	Former executive chairman of Alphabet Inc.
Nationality	American

As of 2024, Eric Schmidt net worth is valued at $20 billion making him one of the richest people in the world. He has served on various other boards in academia and industry, including the Boards of Trustees for Carnegie Mellon University, Apple, Princeton University, and Mayo Clinic.

Biography

Schmidt was born in Falls Church, Virginia, and grew up in Falls Church and Blacksburg, Virginia. He is one of three sons of Eleanor, who had a master’s degree in psychology, and Wilson Emerson Schmidt, a professor of international economics at Virginia Tech and Johns Hopkins University, who worked at the U.S. Treasury Department during the Nixon Administration. Schmidt spent part of his childhood in Italy as a result of his father’s work and has stated that it had changed his outlook.

Eric Schmidt net worth is valued at $20 billion

Schmidt graduated from Yorktown High School in the Yorktown neighborhood of Arlington County, Virginia, in 1972, after earning eight varsity letter awards in long-distance running. He attended Princeton University, starting as an architecture major and switching to electrical engineering, earning a Bachelor of Science in Engineering degree in 1976.

From 1976 to 1980, Schmidt resided at the International House Berkeley, where he met his future wife, Wendy Boyle.

Eric Schmidt net worth is valued at $20 billion

In 1979, at the University of California, Berkeley, Schmidt earned an M.S. degree for designing and implementing a network (Berknet) linking the campus computer center with the CS and EECS departments. There, he also earned a PhD degree in 1982 in EECS, with a dissertation about the problems of managing distributed software development and tools for solving these problems

Career

Early in his career, Schmidt held a series of technical positions with IT companies including Byzromotti Design, Bell Labs (in research and development), Zilog, and Palo Alto Research Center (PARC).

During his summers at Bell Labs, he and Mike Lesk wrote Lex, a program used in compiler construction that generates lexical-analyzers from regular-expression descriptions.

In 1983, Schmidt joined Sun Microsystems as its first software manager. He rose to become director of software engineering, vice president and general manager of the software products division, vice president of the general systems group, and president of Sun Technology Enterprises.

Google founders Larry Page and Sergey Brin interviewed Schmidt. Impressed by him, they recruited Schmidt to run their company in 2001 under the guidance of venture capitalists John Doerr and Michael Moritz.

Eric Schmidt net worth is valued at $20 billion

In March 2001, Schmidt joined Google’s board of directors as chair, and became the company’s CEO in August 2001. At Google, Schmidt shared responsibility for Google’s daily operations with founders Page and Brin. Prior to the Google initial public offering, Schmidt had responsibilities typically assigned to the CEO of a public company and focused on the management of the vice presidents and the sales organization.

 According to Google, Schmidt’s job responsibilities included “building the corporate infrastructure needed to maintain Google’s rapid growth as a company and on ensuring that quality remains high while the product development cycle times are kept to a minimum.”

Upon being hired at Google, Eric Schmidt was paid a salary of $250,000 and 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 purchase price of $2.34.

On December 21, 2017, Schmidt announced he would be stepping down as the executive chairman of Alphabet. Schmidt stated that “Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition.”

In February 2020, Schmidt left his post as technical advisor of Alphabet after 19 years with the company.

chmidt sat on the boards of trustees of Carnegie Mellon University and Princeton University. He taught at Stanford Graduate School of Business in the 2000s. Schmidt serves on the boards of the Institute for Advanced Study in Princeton, the Khan Academy, and The Economist.

Eric Schmidt Net Worth

As of 2024, Eric Schmidt net worth is valued at $20 billion making him one of the richest people in the world.