Eric Schmidt

About Eric Schmidt

Who is it?: Executive Chairman, Google
Birth Day: April 27, 1955
Birth Place: Washington, D.C., United States
Birth Sign: Taurus
Residence: Atherton, California, U.S.
Education: Princeton University (BS) University of California, Berkeley (MS, PhD)
Occupation: Executive Chairman
Years active: 1982–present
Employer: Alphabet Inc.
Salary: US$1.25 million (2015, base salary) US$108 million aggregate (with bonuses, stock options)
Political party: Democratic
Spouse(s): Wendy Boyle (m. 1980)
Children: 2
Website: Google.com — Eric Schmidt

Eric Schmidt Net Worth

Eric Schmidt was bornon April 27, 1955 in Washington, D.C., United States, is Executive Chairman, Google. Eric Schmidt is chairman of Google's parent company, Alphabet, and functions as Google's global ambassador. The vast majority of Schmidt's wealth lies in Alphabet stock. Schmidt was Google's CEO from 2001 to 2011; prior to that he had stints as CEO of Novell and chief technology officer at Sun Microsystems. In May 2015, his family's investment vehicle bought a 20% stake in hedge fund firm D.E. Shaw & Co. for an undisclosed price.
Eric Schmidt is a member of Technology

💰 Net worth: $14.5 Billion (Updated at 22 June 2018)

2009 $5.5 Billion
2010 $5.45 Billion
2011 $6.2 Billion
2012 $7.5 Billion
2013 $8.3 Billion
2014 $9.3 Billion
2015 $9.9 Billion
2016 $11.3 Billion
2017 $11.1 Billion
2018 $13.91 Billion

Some Eric Schmidt images

Famous Quotes:

If you focus on your competition, you will never deliver anything truly innovative.

Biography/Timeline

1921

Schmidt is an active member of the Berggruen Institute's 21st Century Council, and its board of Directors.

1972

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 B.S. degree in 1976. From 1976 to 1980, Schmidt stayed at the International House Berkeley, where he met his Future wife, Wendy Boyle. In 1979, at the University of California, Berkeley, Schmidt then 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 Ph.D. degree in 1982 in EECS, with a dissertation about the problems of managing distributed software development and tools for solving these problems.

1980

In June 1980, Schmidt married Wendy Susan Boyle (born in Short Hills, New Jersey, in 1955). They lived in Atherton, California, in the 1990s. They have a daughter, Sophie, and had another, Alison, who died in 2017. The two separated in 2011.

1983

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.

1990

Dating back to early 1990s and dubbed "Schmidt's Law" by George Gilder when Schmidt predicted that the network will become the computer. Schmidt's Law states: "When the network becomes as fast as the backplane of your computer, the computer hollows out, its components dispersing across the Web, its value migrating to search and sort functions."

1997

In April 1997, Schmidt became the CEO and chairman of the board of Novell. He presided over a period of decline at Novell where its IPX protocol was being replaced by open TCP/IP products, while at the same time Microsoft was shipping free TCP/IP stacks in Windows 95, making Novell much less profitable. In 2001, he departed after the acquisition of Cambridge Technology Partners.

1999

New America is a non-profit public-policy institute and think tank, founded in 1999. Schmidt succeeded founding chairman James Fallows in 2008.

2000

Schmidt 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.

2001

In March 2001, Schmidt joined Google's board of Directors as chairman, 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."

2004

In 2004, Schmidt and the Google founders agreed to a base salary of US $1 (which continued through 2010) with other compensation of $557,465 in 2006, $508,763 in 2008, and $243,661 in 2009. He did not receive any additional stock or options in 2009 or 2010. Most of his compensation was for "personal security" and charters of private aircraft.

2005

In 2005, Google blacklisted CNET reporters from talking to Google employees for one year, until July 2006, after CNET published personal information on Schmidt, including his political donations, hobbies, salary, and neighborhood, that had been obtained through Google searches.

2006

The Schmidt Family Foundation was established in 2006 by Wendy Schmidt and Eric Schmidt to address issues of sustainability and the responsible use of natural resources.

2007

He is a member of the Bilderberg Group and has attended the annual Bilderberg conferences every year since 2007 (except for 2009). He also has a listed membership with the Trilateral Commission. He is a member of the International Advisory Board at the Blavatnik School of Government, University of Oxford.

2008

Schmidt was on the list of ARTnews's 200 top art Collectors in 2008.

2009

During an interview aired on December 3, 2009, on the CNBC documentary "Inside the Mind of Google," Schmidt was asked, "People are treating Google like their most trusted friend. Should they be?" He replied: "I think judgment matters. If you have something that you don't want anyone to know, maybe you shouldn't be doing it in the first place. But if you really need that kind of privacy, the reality is that search engines, including Google, do retain this information for some time. And it's important, for Example, that we are all subject in the United States to the Patriot Act. It is possible that information could be made available to the authorities."

2010

In August 2010, Schmidt clarified his company's views on network neutrality: "I want to be clear what we mean by Net neutrality: What we mean is if you have one data type like video, you don't discriminate against one person's video in favor of another. But it's okay to discriminate across different types. So you could prioritize voice over video. And there is general agreement with Verizon and Google on that issue."

2011

The Schmidt Family Foundation's subsidiaries include ReMain Nantucket and the Marine Science and Technology Foundation; its main charitable program is the 11th Hour Project. The foundation has also awarded grants to the Natural Resources Defense Council and the Energy Foundation.

2013

In January 2013, Schmidt visited North Korea with his daughter Sophie, Jared Cohen, and former New Mexico governor Bill Richardson.

2014

In 2014, he had a cameo appearance in the film Dumb and Dumber To, starring Jim Carrey and Jeff Daniels. He also had a cameo appearance in the HBO show Silicon Valley.

2015

In 2015, the UK Government introduced a new law intended to penalise Google and other large multinational corporations' artificial tax avoidance. Google is accused of avoiding paying tens of billions of dollars of tax through a convoluted scheme of inter-company licensing agreements and transfers to tax havens. Schmidt was also criticised for his inaccurate use of the term 'capitalism' to describe billions of dollars being transferred into tax havens where no economic activity was actually taking place.

2016

Schmidt is an investor in Timshel, another start up company associated with Hillary Clinton's 2016 presidential campaign. Timshel is the parent company of The Groundwork.

2017

On December 21, 2017, Schmidt announced he would be stepping down as the executive chairman of Alphabet.

2019

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 Xerox’s Palo Alto Research Center (PARC).