A new executive compensation structure could make Sundar Pichai one of the highest-paid corporate leaders in the world. According to a recent regulatory filing reported by a financial newspaper, Alphabet has designed a 3-year pay package for the Google chief executive that could be worth up to $692M. Most of the compensation is performance-based and linked to stock incentives tied to the progress of emerging technologies, including the autonomous vehicle division Waymo and drone delivery venture Wing.
Despite leading one of the world’s most powerful technology companies, Pichai attracts far less public attention compared with Google’s founders. Larry Page and Sergey Brin, who are currently ranked as the 2nd and 4th richest people in the world, have recently been making headlines for their luxury real estate purchases in Miami. Their property acquisitions are widely viewed as a response to Billionaire Tax Act, a proposed policy that would impose a one-time 5% tax on personal wealth exceeding $1B among the roughly 200 billionaires in California.
Reports indicate that Page recently spent more than $173M on 2 mansions in Coconut Grove, while Brin was linked to a $51M megamansion located 14 miles away. This purchase follows 2 earlier acquisitions totaling $92M, further expanding his real estate portfolio in the region. The growing interest in luxury properties in Florida is often interpreted as a strategic response to potential tax changes in California.
In contrast, Pichai appears to maintain a quieter lifestyle. Public records suggest that he continues to live in Los Altos. The Google chief is also a billionaire, largely due to the massive growth of Alphabet’s business under his leadership. Since he became CEO in 2015, the company’s market value has grown nearly 7 times, significantly boosting the value of the stock he has accumulated over the years. According to estimates by a financial data service, Pichai and his wife currently hold shares worth nearly $500M, while approximately $650M in stock had already been sold by last summer.
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