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Google CEO Sundar Pichai Nears Billionaire Status Powered by AI Boom [BNN Bloomberg (Canada)]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Since Pichai, 51, became CEO of Google in 2015, the stock has surged more than 400%, significantly outperforming the S&P 500 and Nasdaq over the same period. It hit a fresh record Friday after the company's first-quarter earnings beat expectations, boosted by AI-driven growth in its cloud computing unit. It also introduced a dividend for the first time in its history. That rally, alongside hefty stock awards that have made him one of the world's highest-paid executives, has boosted Pichai's fortune to nearly $1 billion, according to the Bloomberg Billionaires Index. A Google spokesperson declined to comment. Read More: Alphabet Leaps Into $2 Trillion Club as Results Show AI Strength It's a remarkable rise for the native of Chennai, India, who grew up in a two-room apartment where he and his younger brother slept on the living-room floor. During much of his childhood, the Pichais didn't have a television or a car, he has said in interviews. At times, they didn't even have runn
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