Sergey Brin, Co-founder of Google, Gave Alphabet Inc. Shares Worth $ 700 Billion as a Gift from His Personal Fortune, which exceds $ 140 billion.
Even after this significant donation, brin remains the 10th richest person in the world, with a net worthed at $ 143 billion, according to data from the billionaires Index.
Who is Sergey Brin?
Sergey Brin and Larry page co-founded alphabet, the holding company that owns Google, in 1998, in 1998. In 2019, Brin and page stepped down from top management roles. However, they continue to serve on the board and are controlling sharehlders.
Sergey Brin’s Net Worth
The net worth of the alphabet co-founder is mostly made up of a combination of class b and class c shares of the company. Since Google’s Initial Public Offering in 2004, Brin Has Sold More Than $ 11 Billion Worth of Shares, According to Bloomberg data.
Other contributions
The current contribution of $ 700 million is not the first time brin has offloaded alphabet shares. In 2023, Donated Roughly $ 600 Million in Shares Folling The Debut of Google’s Ai search. He Announced Additional Gifts of Shares Worth Over $ 100 Million in May and November of Last Year.
Brin has frequently contributed to research on Parkinson’s Disease and Runs a nonprofit focused on Climate and Health. He has funded startups tackling a range of initiatives, from psychedelics to an ambitious $ 155 billion project aimed at constructing “Energy islands” in Copenhagen.
Brin’s Current Donation was Reveled on Wednsday in a Regulatory Filing, without specifying who received Nearly 4.1 Million Shares. This Amount, Evenly Divided Between Newly Converted Class A And Class C Stocks, Could Potentially Be Allocated to Charity or Transferred to Financial VEHICILES ORORTS, Acording, Acording Bloomberg news.
His Current disclosure comes as alphabet shares rose 5.6% on wedding after product announcing, indicating the company’s adaptibility to the ai age, it added. On Tuesday, Google Announced it would roll out a new tab called “AI Mode” to all us users.