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Eric Schmidt is Beyond Rich, Files to Sell 5.9% of His Google Stock Valued at $329 Million

This is completely non-Android related, but stories like these are something to marvel at.  As many of you know by now, Eric Schmidt stepped aside as Google CEO to take on a new roll with the company as Executive Chairman and to let co-founder Larry Page give head honcho status a shot.  The man led the search engine giant through the last decade, making it one of the most recognizable names in the entire world in a variety of fields.  He has done a hell of a job, which has now become even more obvious after hearing about his decision to sell off some of his stock.

This week, Schmidt filed for permission to sell about 5.9% of his Google stock which adds up to about 534,000 shares carrying a value of roughly $329 million.  Talk about a chunk of change right?  Except the mind-boggling part isn’t that number, but the fact that he still owns another 8.6 million shares which if you do the math on, makes him well, insanely wealthy.  Actually, “insanely” doesn’t even do it justice.

Again, I know this isn’t Android-related, but when you see numbers like this that are so difficult to comprehend, it was tough to pass up on.  And I apologize if that ruined your weekend.  Anyone want to start up a search engine company?

Via:  Bloomberg, TheDroidGuy

  • Chris

    $329 million? thats nothing. thats pocket change to eric schmidt. now if it was $332 million then i’d be impressed.

  • http://twitter.com/praticuschaotic Jon Doe

    If he sold 6% of his shares and that came out to be $329 mil, then his total shares should be worth around $5 bil.

    • http://twitter.com/praticuschaotic Jon Doe

      actually around $5.4 billion.

    • http://twitter.com/praticuschaotic Jon Doe

      actually around $5.4 billion.

  • Anonymous

    tinyurl.com/23963mg

  • Anonymous

    tinyurl.com/2bk3gkl

  • Anonymous

    xrl.us/bh8o4b

  • Anonymous

    tinyurl.com/2bk3gkl

  • Anonymous

    tinyurl.com/2bk3gkl

  • Anonymous

    tinyurl.com/2bk3gkl

  • Anonymous

    tinyurl.com/2bk3gkl

  • jboy06

    Looks like Eric knows a sinking ship when he sees one. The failure of Android and Google TV will be a heavy burden on Google, especially when the iPhone comes out for Verizon.

    • Anonymous

      Except he still has over $5 billion in their stock

    • Anonymous

      Your comment would make sense if it made any sense. It doesn’t, so it doesn’t.

  • Anonymous

    tinyurl.com/2bk3gkl

  • Anonymous

    I hope he takes on a new hot buttered roll at Google. That would be a fun new role with the company.

  • Anonymous

    BTW – did anyone else notice that Steve Jobs, Larry Page, and Mark Zuckerberg live within 1 mile of each other in Palo Alto, California? Is this the richest neighborhood on earth?

  • Anonymous

    That’s still less than what Zuckerberg’s Facebook stock is allegedly worth.
    On the other hand, all 3 Google guys have similar holdings.

  • Djlowproz

    can i have .05% of that please :)

  • Madcow06

    I hope he decides to do something good with his money like bill gates and others who have taken his lead

  • Robert Stockert

    Yeah I did the math too – $5.29 billion total shares he currently owns.

    Damn.

  • Anonymous

    That means if he sells all his shares, he has almost enough money to give everyone in the world 1 dollar…(that’s 6 billion people if i remember correctly) o.O

    • uconncountry

      actually, the world is closer to 6.9 billion people now….yeah, crazy huh? lol

    • eddieonofre

      I would make it easy on him instead of giving one dollar to every person he could give to one person all his dollars, ofcourse that person would be me

  • Andy B.

    After some math, based on the statistics you posted here:

    His remaining shares are worth $5.3 BILLION.

    • Anonymous

      Crazy right?

      • Cgmartin33

        That makes Oprah look poor. I think her net worth was recently 1.3 billion. Unbelievable!

        • eddieonofre

          Oprah has obly a network channel, here my friend pushed google to have a Phone OS, o Google TV, Google Voice, Google Chrome, Google Chrome OS, Buy Youtube, Google CheckOut, etc etc etc etc

          who needs a Network Channel when you can have the world!!!!!!!

  • http://www.facebook.com/jeffandrews82 Jeff Andrews

    Meh, I can get more than that playing the lotto.
    http://www.megamillions.com/mcenter/pressrelease.asp?newsID=5F25051E-8BE1-423D-BB7A-E2D81352F4D9
    Not really… :(

  • Anonymous

    “Anyone want to start up a search engine company?”

    Sure! We should name it something catchy, something cool. Maybe the word “cool” but spelled differently. How about Cuil? That’ll be awesome! And we’ll let everyone know that we’re the Google killers! There’s no way we can fail.

    • eddieonofre

      yeah that works until google decides to buy your company

  • Magius

    He looks like he is saying “Oh snap!” in that picture.

  • Anonymous

    When doing the math that means he’s worth roughly $5.5 billion! Damn!!!

    • Dave

      Don’t forget to consider other assets that he likely has. I’m sure he’s got more than just GOOG stock ;)

      • xyzlene

        hopefully this shift in the company and selling of stock is just what it is. not some sort of legal loophole that google may have possibly committed a “enron” … selling of stock,, different corporate titles? it does make one wonder….

        but at the same time google tv has been a failure. google also failed acquisition of groupon. two big mistakes. plus googles with china under schmidts direction was not on the most polite level of a business partnership.

        larry page might be ceo to just straighten google up a bit… hopefully that is the case. – speaking as a shareholder… not a fanboy – but i do love my og droid

  • Anonymous

    I guess he can afford a Xoom tablet, with that kind of cash.

  • Anonymous

    Wow! Maybe he can spare some change for a brother!

  • Anonymous

    He had to sell the stock so he could

    • Anonymous

      Zing! Yer always on top of this stuff. :)

    • eddieonofre

      lol