Eric Schmidt Net Worth

How much is Eric Schmidt’s net worth?

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net worth:	$23 billion
age:	69
Birth:	April 27, 1955
gender:	Male
Height:	1.78 m (5 ft 10 in)
country of origin:	United States of america
Sources of funds:	entrepreneur
Last Updated:	July 29, 2024

Introduction

Eric Schmidt is an American businessman and software engineer.

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He is currently a technology advisor to Alphabet and chairman of the US Department of Defense’s Defense Innovation Advisory Board.

Schmidt is best known as Google’s CEO from 2001 to 2011 and its executive chairman from 2011 to 2015.

As of July 2024, Eric Schmidt’s net worth is approximately $23 billion.

early life

Eric Emerson Schmidt was born on April 27, 1955 in Washington, D.C.

Schmidt is the son of Eleanor and Wilson Emerson Schmidt.

He was an intelligent, athletic boy who did well in school and was a long-distance runner.

He graduated from Yorktown High School in Arlington, Virginia, in 1972.

Livelihood

Very few businessmen have had a career as long as that of Eric Schmidt, who has influenced some of the most successful corporations of the last few decades.

After establishing his impressive prowess as a software engineer in the 1980s, he helped found and grow several cutting-edge companies.

His journey began in the early 1980s when he joined the IT company Bizromoty design team, where he worked in various technical positions.

Early career at Sun Microsystems and Novell

After holding various roles at Bizmodo Design, Bell Labs, and Palo Alto Research Center, Eric Schmidt eventually moved to Sun Microsystems.

After joining the company as a Software Manager, he rose within the company to become Director of Software Engineering.

By the time he left Sun Microsystems, Schmidt had risen to the position of vice president of the Software Products Division.

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This experience gave him the opportunity to take over as CEO of Novell Company, where he faced many challenges as the company was going through a period of decline.

While Novell’s fortunes were waning, Eric Schmidt’s personal fortunes took a significant turn when he founded a new startup company, Google.

Google was founded in 2001

Working together with Larry Page and Sergey Brin, Eric Schmidt joined the Google startup and began running the company in 2001.

Shortly after, he became the company’s CEO, guiding its growth over the following years, turning it into a global leader.

Having revolutionised early search engines, the company has also pioneered in artificial intelligence and other emerging digital technologies.

These developments allowed Schmidt to earn ever-increasing salaries as well as stock options, making him a billionaire.

Now a household name, Schmidt eventually stepped down as CEO in 2011 and became executive chairman, continuing to advise Google’s co-founders.

Contract with Department of Defense

With his position as one of the world’s richest men secured due to his long-term relationship with the Google brand, Eric Schmidt sought new opportunities.

His work as chairman of an advisory board at the Department of Defense was used to forge links between the military and the technology sector.

His ties to military contractors were a major aspect of his career between 2019 and 2021, when he chaired the National Security Commission on Artificial Intelligence.

These collaborations with the military-industrial complex were later echoed in Elon Musk’s work with the Department of Defense and partnership with the US Space Force.

Other notable business ventures

In addition to his work founding and growing the Google services and brand, Eric Schmidt has been involved in a number of other notable ventures.

He served on Apple’s board of directors for a brief period between 2006 and 2009, as well as serving as chairman of the board of directors at the Broad Institute.

Schmidt has also assisted in research and development at several notable academic institutions, including Princeton, Stanford, and Carnegie Mellon universities.

Like fellow billionaire Bill Gates, he has invested time and money in the biotechnology industry, and serves on the National Security Commission on Emerging Biotechnologies.

Additional investments made by Schmidt include joining an investment group to purchase an NFL team, the Washington Commanders, in 2023.

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As of July 2024, Eric Schmidt’s net worth is $23 billion.

Highlights

Here are some of the best highlights of Eric Schmidt’s career:

Joined Microsystems (1983)
Executive Chairman of Google (2011–2015)
Executive Chairman of Alphabet

Favorite quotes from Eric Schmidt

“The thing about great innovators and great companies is that they see a niche that others don’t. They don’t just listen to people; they invent something new, something you didn’t know you needed, but as soon as you see it, you say, ‘I want this.'” – Eric Smith

“I’ve come to the conclusion that humans will continue to do the things we do well and computers will continue to do the things they do very well, and the two will coexist, but in different places.” – Eric Smith

“You can understand the Tunisian revolution as a failure to censor the internet. And that was a failure in Libya as well. It’s very difficult for authoritarian governments that don’t have broad public support to stay in power when so many people have these devices. That’s what the Arab Spring was all about, to allow people to express themselves and lead to revolution.” – Eric Smith

“To those who say you’re thinking too big… be smart enough not to listen to them. To those who say the chances are too small… be stupid enough to give it a try. And to those who ask, how can you do that?… look them straight in the eye and say, I’ll figure it out.” – Eric Smith

“Even if it’s a little weird, a little out of your comfort zone, saying yes means you’ll do something new, meet someone new and make a difference in your life – and possibly in the lives of others. Yes is what keeps us all young. It’s a little word that can do big things. Say it often.” – Eric Smith

3 Amazing Lessons from Eric Schmidt

Now that you know all about Eric Schmidt’s net worth and how he achieved success; let’s look at some of the lessons we can learn from him:

1. Big breaks are few and far between

The important thing is to go to work every day and get it done, even if it doesn’t seem like you’re making any progress.

2. Learn to trust yourself

Learning to trust yourself is one of the key leadership lessons your business can’t survive without.

3. Learn to listen to other people

If you really want to be successful, you have to learn to listen to other people.

Frequently Asked Questions

How much is Eric Schmidt’s net worth?

Eric Schmidt’s net worth is estimated at $23 billion.

How old is Eric Schmidt?

Eric Schmidt was born on 27th April 1955 and currently, he is 69 years old.

How tall is Eric Schmidt?

Eric Schmidt has a height of 1.78 m, which is equivalent to 5 feet 10 inches.

Summary

Eric Schmidt is an American software engineer who currently serves as the executive chairman of Alphabet Inc. It is a holding company created to directly own a number of companies owned or affiliated with Google, including a smaller version of Google itself.