Even after donating $ 700 million shares, this Google billionaire remains one of the richest around the world | Company Business News

Google co-founder Sergey Brin donated $ 700m to alphabet shares and maintained a net worth of $ 143 billion. Despite getting off management, he remains an important board member and shareholder. Sergey Brin donates $ 700 million to alphabet stocks, remains the 10th richest worldwide Sergey Brin, co-founder of Google, has given Alphabet Inc. shares worth $ 700 billion as a gift from his personal fortune, which is more than $ 140 billion. Even after this significant donation, Brin remains the 10th richest person in the world, with a net worth currently estimated at $ 143 billion, according to the data of the Bloomberg Billionaires index. Who is Sergey Brin? Sergey Brin and Larry Page founded co-formed Alphabet, the Google owned in 1998. Google is considered the world’s largest search engine operator. In 2019, Brin and Page retire from the top management roles. However, they still serve on the board and control shareholders. Sergey Brin’s net worth the net worth of the co-founder of Alphabet usually consists of a combination of Class B and Class C shares of the business. Since Google’s initial public offer in 2004, Brin has, according to Bloomberg, sold data more than $ 11 billion in shares. Other contributions The current $ 700 million contribution is not the first time Brin has downloaded alphabet shares. In 2023, about $ 600m donated shares after the debut of Google’s AI search. He announced additional gifts of more than $ 100 million in May and November last year. Brin regularly contributed to research on Parkinson disease and has a nonprofit focused on climate and health. He funded Startups that tackle a series of initiatives, from Psychusa to an ambitious $ 155 billion project aimed at building ‘Energy Islands’ in Copenhagen. Brin’s current donation was unveiled on Wednesday in a regulatory filing, without specifying who received nearly 4.1 million shares. This amount, evenly distributed between new -enclosed Class A and Class C shares, may be assigned to charity or transferred to financial vehicles or trusts, according to a Bloomberg News report. His current disclosure comes because alphabet shares rose by 5.6% on Wednesday after the product announcements, indicating the company’s adaptability to the AI ​​era, he added. On Tuesday, Google announced that it would roll out a new tab named “AI fashion” for all US users.