Google’s Sergey Brin gives shares worth US$700mil as a gift


Brin (far right) gave away nearly US$700mil as a gift to an undisclosed recipient. Brin is currently the 10th-richest person in the world, with a net worth of US$144.3bil (RM614.36bil), according to the Bloomberg Billionaires Index. — Reuters

Google co-founder Sergey Brin, tapping a personal fortune that exceeds US$140bil (RM596.05bil), gave nearly US$700mil (RM2.98bil) in Alphabet Inc shares away as a gift.

The contribution was disclosed May 21 in a regulatory filing, which didn’t specify who received the roughly 4.1 million shares. The sum, evenly split between newly converted Class A and Class C stock, could be directed to charity or given to financial vehicles or trusts.

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