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10 - PEOPLE/(N-S)/Eric Schmidt.md
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@ -18,7 +18,7 @@ Eric Emerson Schmidt (born April 27, 1955) is an American engineer, billionaire
### Google and the Fortune
Schmidt took a bachelor's degree in electrical engineering from Princeton University and a doctorate in computer science from the University of California, Berkeley, worked at [[Sun Microsystems]] and ran the software firm Novell, then was recruited in 2001 by Google founders [[Larry Page]] and [[Sergey Brin]] to provide what their investors at [[Kleiner Perkins]] and [[Sequoia Capital]] called "adult supervision." He served as chief executive through the company's 2004 initial public offering and its growth into the dominant search and advertising company in the world, stepping into the executive chairman role in 2011 when Page resumed the chief-executive title.[^1]
Schmidt took a bachelor's degree in electrical engineering from [[Princeton University]] and a doctorate in computer science from the University of California, Berkeley, worked at [[Sun Microsystems]] and ran the software firm Novell, then was recruited in 2001 by Google founders [[Larry Page]] and [[Sergey Brin]] to provide what their investors at [[Kleiner Perkins]] and [[Sequoia Capital]] called "adult supervision." He served as chief executive through the company's 2004 initial public offering and its growth into the dominant search and advertising company in the world, stepping into the executive chairman role in 2011 when Page resumed the chief-executive title.[^1]
The bulk of Schmidt's wealth derives from his roughly one-percent economic interest in Alphabet. According to a February 2025 securities filing he held about 49 million Alphabet Class A and Class B shares, and an analysis of company filings found he had collected roughly 7.9 billion dollars from sales of Google stock over the years. His net worth has been reported in a wide range depending on method and timing, commonly cited near 30 to 40 billion dollars and placed higher by the Bloomberg Billionaires Index as Alphabet's share price climbed through 2025 and 2026.[^2]