How much is Eric Schmidt Worth? Eric Schmidt Net Worth in 2024

Eric Schmidt Net Worth: How rich is Eric Schmidt? &How much money is Eric Schmidt worth? Time to find out!

Eric Schmidt is an American software engineer, a businessman and his current net worth is $12.5 billion.

Born in Falls Church, Virginia, he grew up in Falls Church and Blacksburg, Virginia along with his two brothers and their parents, Eleanor, and Wilson Emerson Schmidt.

He attended and graduated from Yorktown High School after gaining varsity letter awards in long-distance running.

Upon graduation, he went to Princeton University, where he did architecture major but changed it and earned a B.S. degree in electrical engineering.

During the following period he lived at the International House Berkeley, where he met his future wife, Wendy Boyle. While there he went to the University of California from where he earned a M.S. degree.

He also earned a Ph.D. degree in EECS, with a dissertation about the problems of managing distributed software development and the tools for soling those problems.

During his early career, he had various technical position with IT companies such as Bell Labs, Zilong, among others.

While at Bell Labs, the and a colleague wrote Lex, a program that generates lexical-analyzed from regular-expression description, an important tool for compiler construction.

After he joined Sun Microsystems as its first software manager, he became the director of software engineering, later on.

How did Eric Schmidt get famous?

At 42 years old, he became the CEO and chairman of the board of Novell, but left after a while.

Impressed by him after they interviewed him, Google founders Larry Page and Sergey Brin recruited him to run their company. Schmidt joined Google’s board of directors as chairman and became the company’s CEO until 2011.

How does Eric Schmidt make money?

At Google, he had a salary of $250,000 and an annual performance bonus. After he stepped down as CEO, the company granted him 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.

Forbes ranked him in their World’s Billionaire list as the 136^th-richest person in the world, in 2011.

In 2017, the same publication ranked him as the 119^th richest-person in the world, with a net worth of $11.1 billion.

Apart from his work at Google, he also worked for Apple, and served on various boards in academia and industry, including at the Princeton University.

Today he is the Executive Chairman of Alphabet, Inc.

This wraps up our Eric Schmidt Net Worth profile!