Eric Schmidt

Eric Schmidt

$35.40 B

Ranked #59 in World

About Eric Schmidt

Eric Emerson Schmidt, former CEO of Google and current Executive Chairman of Alphabet Inc., is a prominent figure in the technology industry. He has a diverse background, starting from his early life in Falls Church, Virginia, to his successful career in the IT sector. Schmidt joined Google in 2001 and played a crucial role in its growth and development. He is also known for his philanthropic efforts, supporting education and scientific research. Schmidt's net worth is estimated at $17.2 billion in 2023, making him one of the wealthiest individuals in the world.

Born

April 27, 1955 in Falls Church, Virginia, U.S.

Age

70 years

Source Of Wealth

Google

Industries

Technology

Citizenship

United States

Residence

Atherton, California

Education

Bachelor of Arts/Science, Princeton University; Doctorate, University of California, Berkeley; Master of Science, University of California, Berkeley

Spouse

Wendy Boyle (Married: 1980)

Children

2

## Early Years & Childhood

Eric Emerson Schmidt was born on April 27, 1955, in Falls Church, Virginia. He grew up in Falls Church and Blacksburg, Virginia. His father, Wilson Emerson Schmidt, was a professor of international economics, and his mother, Eleanor, had a master's degree in psychology. Schmidt spent part of his childhood in Italy due to his father's work, which influenced his outlook on life. He graduated from Yorktown High School in 1972, where he earned eight varsity letter awards in long-distance running.

## Family

Eric Schmidt is married to Wendy Susan Boyle since 1980. They have a daughter named Sophie. Unfortunately, they lost another daughter, Alison, to an illness in 2017. Despite some extramarital relationships, Schmidt and his wife continue to engage in joint philanthropic efforts.

## Career Highlights

Schmidt's career in technology began with technical positions at various IT companies, including Byzromotti Design, Bell Labs, Zilog, and Palo Alto Research Center (PARC). He co-authored Lex, a program used in compiler construction, during his summers at Bell Labs. In 1983, he joined Sun Microsystems as the first software manager and rose through the ranks to become the president of Sun Technology Enterprises.

In April 1997, Schmidt became the CEO and chairman of the board of Novell. However, his tenure was marked by a period of decline as the IPX protocol was replaced by open TCP/IP products. He departed from Novell in 2001 after the acquisition of Cambridge Technology Partners.

Schmidt's most significant career move came in 2001 when he was recruited to run Google by its founders, Larry Page and Sergey Brin. He joined Google's board of directors as chair in March 2001 and became CEO in August of the same year. During his tenure at Google, Schmidt shared responsibility for daily operations with Page and Brin while focusing on building corporate infrastructure and maintaining rapid growth while ensuring quality.

Schmidt stepped down as CEO in 2011 and took on the role of executive chairman.

He exited this position in December 2017, succeeded by Sundar Pichai. In addition to his roles at Google, Schmidt has held various other positions, including chairing the Defense Innovation Advisory Board from 2016 to 2020 and serving on the boards of trustees at Carnegie Mellon University and Princeton University.

## Companies

Schmidt has been associated with several notable companies throughout his career. He held technical positions at Byzromotti Design, Bell Labs, Zilog, and Palo Alto Research Center (PARC) early in his career. He then joined Sun Microsystems, where he rose to become the president of Sun Technology Enterprises.

Schmidt became the CEO and chairman of the board of Novell in 1997. He later joined Google as the CEO and chairman of the board, where he played a pivotal role in the company's growth and success. Schmidt has also served on the boards of directors of Apple Inc., The New York Times Company, and Alphabet Inc., Google's parent company.

## Major Achievements

Schmidt's major achievements include his contributions to the technology industry and his advocacy for innovation. He was instrumental in the growth and success of Google, helping to transform it into one of the most influential companies in the world. Schmidt is also known for his philanthropic efforts, particularly in supporting education and scientific research.

## Awards & Achievements

Schmidt has received numerous awards and recognitions for his contributions to the technology industry. He was ranked as one of the 50 most important people on the Web by PC World in 2007. He is also the recipient of the IEEE Medal of Honor, the highest honor bestowed by the Institute of Electrical and Electronics Engineers (IEEE).

## Personal Life & Legacy

Schmidt is married to Wendy Susan Boyle, and they have a daughter named Sophie. He also has a 20% stake in D.E. Shaw & Co.

and has invested in CargoMetrics. Schmidt is known for his interest in art and is listed as one of ARTnews's 200 top art collectors in 2008. He is also a member of the Bilderberg Group and the Trilateral Commission.

## Trivia

Schmidt co-authored the book "The New Digital Age," discussing the geopolitical implications of Internet use. He also co-authored "How Google Works" with Jonathan Rosenberg and Alan Eagle and "The Age of AI: And Our Human Future" with Henry Kissinger and Daniel Huttenlocher. Schmidt's Law, which states that the network is becoming as fast as a computer's backplane, leading to the dispersion of components and value migration to search and sort functions, is named after him.

Wealth History

Timeline

April 27, 1955

Eric Emerson Schmidt is born in Falls Church, Virginia.

1972

Graduates from Yorktown High School with eight varsity letter awards in long-distance running.

1976

Earns Bachelor of Science in Engineering degree from Princeton University.

1976-1980

Resides at International House Berkeley, meets future wife Wendy Boyle.

1979

Earns M.S. degree for designing and implementing a network (Berknet).

1982

Completes PhD in EECS, dissertation on managing distributed software development.

1983

Joins Sun Microsystems as first software manager.

1997

Becomes CEO and chairman of the board of Novell.

2001

Joins Google's board of directors as chair, becomes CEO in August.

2007

Ranked as one of the 50 most important people on the Web by PC World.

2011

Steps down as CEO of Google, takes on the role of executive chairman.

2016-2020

Chairs the Defense Innovation Advisory Board.

2017

Exits the position of executive chairman at Alphabet, succeeded by Sundar Pichai.

2020

Launches the podcast Reimagine with Eric Schmidt.

December 2021

Joins Chainlink Labs as a strategic advisor.

2022

Appointed to the National Security Commission on Emerging Biotechnology.

2023

Part of an investment group that purchases the Washington Commanders for $6.05 billion.

Eric Schmidt : FAQs

What is Eric Schmidt's current net worth?

Eric Schmidt's current net worth is $35.40 billion.

What is Eric Schmidt's current global rank among billionaires?

Eric Schmidt holds the 59th position globally among billionaires.

What is Eric Schmidt's current ranking within the United States?

Eric Schmidt holds the 27th position in United States.

What was the change in Eric Schmidt's net worth compared to the previous year?

Eric Schmidt's net worth decreased by 311.06 million dollars compared to the previous year 2025, when his net worth was 35.71 billion dollars.

What is the recent change in Eric Schmidt's net worth?

Eric Schmidt's net worth increased by 462.1 million dollars recently, a 1.31% increase, with his net worth standing at 35.40 billion dollars.

What are Eric Schmidt's main sources of wealth?

Eric Schmidt's main source of income comes from Google.

In which industry does Eric Schmidt primarily operate?

Eric Schmidt is primarily involved in the Technology industry.

What is Eric Schmidt educational background?

Eric Schmidt holds a Bachelor of Arts/Science from Princeton University, a Doctorate from the University of California from Berkeley and a Master of Science from the University of California from Berkeley.

How old is Eric Schmidt?

Eric Schmidt is 70 years old.

How many children does Eric Schmidt have?

Eric Schmidt has 2 children.

Where was Eric Schmidt born and raised?

Eric Schmidt was born in Falls Church, Virginia, and grew up in Falls Church and Blacksburg, Virginia.

What did Eric Schmidt study at Princeton University?

Eric Schmidt initially studied architecture at Princeton University and then switched to electrical engineering.

When did Eric Schmidt become the CEO of Google?

Eric Schmidt became the CEO of Google in August 2001.

What are some of Eric Schmidt's philanthropic efforts?

Eric Schmidt has supported education and scientific research through his philanthropic efforts.

Which companies does Eric Schmidt serve on the board of directors for?

Eric Schmidt serves on the board of directors for several companies, including Apple and The New York Times Company.
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