Billionaire Profile
Eric Schmidt
Global Rank
#59

Image: Public domain | via Wikimedia Commons

Eric Schmidt

CEO, Alphabet Inc. (Google)
US
Real-Time Net Worth
$36.3B
As of December 2025
Age
70
Source
Google
Industry
technology
Citizenship
US

Biography

Eric Schmidt is a prominent figure in the technology industry, best known for his pivotal role in the growth of Google. As CEO from 2001 to 2011, and later as Executive Chairman and Technical Advisor, he oversaw the company's transformation into one of the world's most influential entities. His career includes significant positions at Novell and Sun Microsystems. With an estimated net worth of $36.3 billion, Schmidt's wealth stems from his long tenure at Google and investments in technology and philanthropy. He is a recognized leader in the tech sector and a strong advocate for innovation and AI policy.

Wealth Over Time

In-Depth Profile

Early Life and Education

Eric Emerson Schmidt was born on April 27, 1955, in Falls Church, Virginia. He graduated from Yorktown High School in 1972 and went on to earn a Bachelor of Science in Engineering from Princeton University in 1976, initially studying architecture before switching to electrical engineering. He furthered his education at the University of California, Berkeley, obtaining a Master of Science in 1979 and a Ph.D. in computer science in 1982.

Rise to Success

Schmidt's career began with roles at Bell Labs, Xerox PARC, and Sun Microsystems, where he rose to become the president of Sun Technology Enterprises. In 1997, he became the CEO of Novell. His most notable career move came in 2001 when he joined Google as its CEO, a position he held until 2011. During his tenure, Google experienced exponential growth, launching numerous products and services, and becoming a global leader in the tech industry. He then served as Executive Chairman of Google and later Alphabet Inc.

Key Business Strategies

As CEO of Google, Schmidt focused on scaling the company's infrastructure and diversifying its product offerings while fostering a culture of innovation. His leadership was instrumental in Google's initial public offering (IPO) in 2004. He introduced elements of conventional business structure to the company. Schmidt is credited with introducing elements of conventional business structure into the company. He also co-authored the New York Times best-selling book "How Google Works," which details the management lessons learned during his time at Google.

Philanthropy

Eric and his wife, Wendy Schmidt, have founded several philanthropic organizations, including the Schmidt Family Foundation, Schmidt Ocean Institute, and Schmidt Futures. In 2024, they founded Schmidt Sciences, a nonprofit organization dedicated to advancing science and technology to deepen human understanding and develop solutions to global issues.

Career Milestones

1976

Graduated from Princeton University

Earned a Bachelor of Science in Engineering degree.

1982

Obtained Ph.D. in Computer Science

Graduated from the University of California, Berkeley.

2001

Joined Google as CEO

Oversaw the company's technical and business strategies alongside the founders, leading to massive growth and diversification of product offerings.

2011

Became Executive Chairman of Google

Transitioned from CEO to Executive Chairman, continuing to advise the company.

2015

Became Executive Chairman of Alphabet Inc.

Took on the role after Google reorganized as a subsidiary of Alphabet Inc.

2017

Founded Schmidt Futures

Established a philanthropic venture to support science and technology.

2024

Founded Schmidt Sciences

Founded a nonprofit organization working to advance science and technology that deepens human understanding of the natural world.

Philanthropy & Social Impact

Environment

Schmidt Family Foundation

$XB

Supports environmental sustainability.

Science

Schmidt Ocean Institute

$XB

Supports oceanographic research.

Philanthropy

Schmidt Futures

$XB

Supports exceptional people to pursue their dreams.

Science & Technology

Schmidt Sciences

$XB

Works to advance science and technology.

Business Philosophy & Leadership

Notable Quotes

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

"Don't be evil."

Leadership Principles

Focus on Innovation

Encourage and support creativity to develop new products and services.

Empower Employees

Create an environment where smart and creative employees can thrive.

Strategic Thinking

Develop long-term strategies while managing daily operations effectively.