Google co-founder Sergey Brin has gifted 4.1 million Alphabet shares worth nearly $700 million as per a regulatory filing. While the regulatory filing does not disclose the details of the recipient, but the shares the shares—split between Class A and Class C stock—could be directed toward charity, financial trusts, or investment vehicles. This is not the first time that Brin has donated such large amount. The Google co-founder also gifted shares worth $600 million in 2023 after Google’s AI search launch. He also donated over $100 million in May and November 2024.
Sergey Brin’s Philanthropic historyWhile the regulatory filing did not specify the recipient, speculation suggests the shares could be directed towards a charity, a financial vehicle, or a trust. Brin has a well-documented history of significant philanthropic contributions, often focusing on causes close to his heart.
Brin has been a strong supporter of Parkinson’s disease research , funding initiatives through his personal foundation. His nonprofit has also backed climate-focused projects, including a $155 billion energy initiative in Copenhagen.
The disclosure coincided with Alphabet’s 5.6% stock rise, following Google’s announcement of new AI-powered search features at its annual developer conference
Despite this considerable gift, Brin's personal fortune remains robust, with his net worth exceeding $140 billion, placing him among the top richest individuals globally.
Sergey Brin’s Philanthropic historyWhile the regulatory filing did not specify the recipient, speculation suggests the shares could be directed towards a charity, a financial vehicle, or a trust. Brin has a well-documented history of significant philanthropic contributions, often focusing on causes close to his heart.
Brin has been a strong supporter of Parkinson’s disease research , funding initiatives through his personal foundation. His nonprofit has also backed climate-focused projects, including a $155 billion energy initiative in Copenhagen.
The disclosure coincided with Alphabet’s 5.6% stock rise, following Google’s announcement of new AI-powered search features at its annual developer conference
Despite this considerable gift, Brin's personal fortune remains robust, with his net worth exceeding $140 billion, placing him among the top richest individuals globally.
You may also like
Is NCP 'gang of goons' & Ajit Pawar its 'ringleader': Maha Congress
Mumbai News: MMRDA Steps Up Monsoon Preparedness To Ensure Safety And Uninterrupted Services Across City Metro Projects
Uttarakhand: CM Dhami and Governor Gurmeet Singh flag off first batch of pilgrims for Hemkund Sahib Yatra
Mitchell Marsh's century takes Lucknow Super Giants to 235/2 against Gujarat Titans
Putin amasses troops at border amid chilling Putin peace talk attack warning