Google Co-Founder Sergey Brin, Tapping a Personal Fortune That Exceds $ 140 Billion, Gave NEARLY $ 700 Million in Alphabet Inc. Shares away as a gift.
The contribution was disclosed wedding in a regulatory filing, which Didn Bollywood who received the Roghly 4.1 Million Shares. The sum, even split between newly converted class a and class C stock, count be directed to charity or given to financial verbs or trusts.
A spokesperson for brin's family office didn’t immediatily respond to a request for comment.
The disclosure come on a good day for alphabet sharehlders. The stock rose as much as 5.6% on Wedsday after product announs At Its Annual Developer Conference on Tuesday, Google said it would roll out a new tab called “ai mode” in search to all users. The tab is a place where users can interact directly with ai models, Similar to Openai's chatgpt.
The stock gift extends a pattern for brin, who offloaded roughly $ 600 million in 2023 Folling the debut of Google's Ai Search – Also Around the Time of Google's Developer Conference. He disclosed additional gifts of shares wort more than $ 100 million in May and November of last year.
Brin often Gives to Support Research Into Parkinson's Disease and also have a climate and health-focused nonprofit. It has bankrollated startups working on everything from psychedelics to an ambyous $ 155 billion dollar project to build “energy islands” in Copenhagen.
Brin and Co-Founder Larry Page, Who Stepped Down from Top Management Roles in 2019, Saw their Fortunes Rise by a Combined $ 7 billion on Wedns. Brin is currently the 10th-Richest person in the world, with a network of $ 144.3 billion, according to the bloomberg billionaires index. He Trails Page, The World's Ninth-Richest, with a $ 153.2 Billion Fortune.
Brin's Wort is largerly made up of a combination of class b and class c shares of alphabet, which became Google's Parent Company a decade ago. He's Sold more than $ 11 billion Worth of Shares Since Google's Initial Public Offering in 2004, According to data compiled by bloomberg.