Google co-founder Sergey Brin has reportedly paid out $700 million in shares to some beneficiaries.
The payment is said to be part of the company’s returns since it became a publicly listed company in 2004.
According to sources including Bloomberg, a chunk of the payment to Catalyst4, a non-profit founded by Mr. Brin to support research into central nervous system diseases and climate change solutions.
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About 580,000 of the Alphabet shares are said to have been allocated to his family foundation, while an extra 282,000 shares were gifted to the Michael J. Fox Foundation, which focuses on Parkinson’s disease research.
The businessman is said to have made similar donations in the past. In 2023, he reportedly donated $600 million during the launch of Google’s AI-powered search engine and another $100 million in 2024.
Other records indicate that the man ranked as the 8th richest man in the world has consistently supported Parkinson’s disease research.
He is also known to have other initiatives, from funding psychedelic research to investing in an ambitious $155 billion project aimed at building “energy islands” off the coast of Copenhagen.
Records indicate Sergey Brin left his role as Alphabet President in 2019, but he remains part of the board and holds considerable voting rights in the company.
Born in Russia, Mr. Brin immigrated to the US at six years old to escape anti-Semitic persecution. His net worth is estimated at $134 billion. In 1998, while at Stanford, he co-founded Google with Larry Page.
