Google just gave Sundar Pichai a $692 million pay package

Sundar Pichai’s new salary package could be worth $692 million. for a presentation first spied on by the Financial TimesAlphabet has structured a three-year deal for its Google CEO that could make him one of the highest-paid executives on the planet, but most of it is tied to performance, including new stock incentives tied to Waymo and Wing, its drone delivery company.

What’s surprising is how little public fascination Pichai attracts compared to Google’s founders. Larry Page and Sergey Brin (the second and fourth richest people in the world) have been making headlines lately for a completely different reason; The two have been snapping up luxury properties in Miami, widely seen as a response to the California proposal. Billionaire Tax Law — a ballot initiative targeting the state’s roughly 200 billionaires with a one-time 5% tax on net worth exceeding $1 billion. Page reportedly spent more than $173 million on two mansions in Coconut Grove, Florida, recently, while Brin was just linked to a $51 million mega-mansion. 14 miles awayin addition to two previous purchases for a total of 92 million dollars.

Pichai, on the other hand, remains quietly rooted in Los Altos, California, as far as the public knows. He’s a billionaire, too: Google’s nearly sevenfold market capitalization growth since he took the helm in 2015 has made the shares he’s accumulated along the way enormously valuable. He and his wife currently own shares worth almost $500 millionwith another estimate $650 million sold as of last summer, according to Bloomberg calculations.