Google CEO Sundar Pichai Gets Massive ₹ 63,61,79,82,000 Pay Package, Among World’s Highest-Paid Executives
Google CEO Sundar Pichai Gets Massive ₹ 63,61,79,82,000 Pay Package, Among World’s Highest-Paid Executives
The new three-year compensation deal includes performance-linked stock incentives, salary and additional rewards tied to the growth of emerging Google businesses.
Technology giant Google has significantly increased the compensation package of its Indian-origin CEO Sundar Pichai, granting him a potential pay deal worth $692 million (around ₹6,361 crore) over the next three years. The new package places him among the highest-paid corporate executives in the world.
A large portion of Pichai’s compensation will come from performance stock units (PSUs), which are linked directly to the company’s financial performance. These stock awards have a target value of $126 million and are divided into two equal tranches. The final payout will depend on how Alphabet, Google’s parent company, performs compared with other companies in the S&P 100 index.
If Alphabet significantly outperforms its competitors, the value of these stock units could reach up to $252 million. However, if the company fails to meet the required performance benchmarks, the payout from these incentives could drop to zero.
Additional Stock Rewards And Salary
Apart from the performance-based stock units, Pichai will receive $84 million in restricted stock over the next three years. These shares will vest gradually on a monthly basis as long as he continues to remain with the company. Along with these incentives, he will continue to draw an annual salary of $2 million.
Google has also introduced two additional stock-linked incentives connected to the growth of its emerging businesses. These include stock awards tied to the performance of Waymo, the company’s self-driving taxi division, and Wing, its drone delivery venture.
Under this structure, Pichai could receive shares in Waymo worth $130 million and stock linked to Wing valued at about $45 million over the next three years. If the performance goals for these businesses are exceeded, the value of these incentives could rise to double the target amount.
Growth Of Alphabet Under Pichai
Sundar Pichai took over as the CEO of Google in August 2015 and later became the CEO of Alphabet as well. During his tenure, the company has seen massive growth. Alphabet’s market capitalisation has increased nearly sevenfold, rising from about $535 billion to nearly $3.6 trillion, and briefly crossing the $4 trillion mark earlier this year.
The company’s strong growth has also contributed to a significant increase in Pichai’s personal wealth. The 53-year-old executive is now a billionaire with an estimated net worth of about $1.5 billion.
From Engineer To Global Tech Leader
Born in India, Pichai joined Google in 2004 and quickly became a key figure in the company’s product development. He played an important role in launching the Chrome browser and later led major platforms such as Android before being appointed CEO.
Today, he and his wife hold around 1.67 million Google shares, valued at nearly $498 million based on recent market prices. His new compensation package places him far ahead of many other global technology leaders in terms of pay.
