Google’s Schmidt to Sell $2.5 Billion in Stock

Eric Schmidt of Google shares his vast pile roast tune of over $2.5 billion.The company more than a decade, Schmidt has netted 7.3 million Google shares, representing approximately 3% of the company. Share new record high at 785.37 dollars a share, which struck Friday afternoon – 42% sold will net him almost 2.51 billion.

Googles Schmidt 400x263 Googles Schmidt to Sell $2.5 Billion in Stock

Schmidt, 57, is the 138 richest billionaire in the world and 49 in the U.S. The recent stock climb grow an estimated net worth of $7.5 billion. (Schmidt of Google stock price increase between 2011 and 2012, the net wealth of $ 1.3 billion.) It is very difficult for a busy man.

Either way, traders reacted nervously, and Google slipped three points from its historic high in after-hours trading.

Schmidt as Chairman of the current annual salary to $1.25 million. He also got a $100 million stock bonus in 2011 out of the CEO role when he transitioned.

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