MOUNTAIN VIEW, CA – NOVEMBER 04: Sergey Brin attends the 2019 Breakthrough Prize at NASA Ames … [+]
Google cofounder Sergey Brin, the ninth richest individual on the earth, simply gave $127 million price of Google inventory on Monday to 2 charitable teams.
In keeping with a Securities and Alternate Fee submitting, Brin gave away 1.07 million shares of Google mother or father firm Alphabet, a tiny fraction of his 739 million shares within the firm. Whereas the submitting itself doesn’t element the place these shares went, a supply acquainted with the matter tells Forbes they have been donated to the charitable Sergey Brin Household Basis and the Michael J. Fox Basis.
Brin’s present isn’t uncommon. He usually donates Alphabet shares to his basis no less than a few times per 12 months. As of the tip of 2020, the Sergey Brin Household Basis has distributed greater than $520 million to a smattering of nonprofits across the San Francisco Bay Space, the place Brin lives, and elsewhere. The muse had greater than $three billion in web belongings in 2020, the latest 12 months tax types can be found. Brin has additionally donated no less than $23 million price of Alphabet shares to his spouse Nicole Shanahan’s Bia Echo Basis. (Brin filed for divorce from Shanahan in January.)
Brin’s donation to the Michael J. Fox basis isn’t shocking both. The muse focuses on discovering a remedy for Parkinson’s illness, which has lengthy been an vital trigger for Brin as a result of an inherited type of the illness runs in his household.
Forbes estimates that Brin is price practically $96.6 billion, with 90% of his wealth coming from his stake in Alphabet. Brin stepped down as president of the tech large in 2019, however he stays a controlling shareholder and board member. Although he’s saved a low profile since exiting Google, his private life has been below a microscope just lately. The Wall Road Journal reported in late July that his spouse Nicole Shanahan had an affair with Tesla CEO Elon Musk, the richest individual on the earth. Whereas Musk and a lawyer for Shanahan have denied the affair, Brin has been silent on the matter.
