Google's Sergey Brin donates stocks worth 700 million US dollars to Mystery recipients

The co-founder of Google, Sergey Brin, has alphabet shares worth almost $ 700 million-and the beneficiaries of its size are a mystery.

The Tech -Mogul, whose net assets, according to Bloomberg's billionaires index, is estimated at 144 billion US dollars, according to a SEC registration on Wednesday, around 4.1 million shares from Google's parent company evenly divided between newly converted class -a and class -C shares.

The regulatory registration did not disclose the recipient or the recipients of the shares, so that the possibility was opened that the gift could be directed to non -profit foundations, donors or personal trusts.

A spokesman for Brin's family office refused to comment on the transaction.

The time of the donation takes place when the alphabet shares were strengthened by a positive mood of the investors after announcements of the annual developer conference of Google.

Class A and C shares rose by more than 13% last month.

On Tuesday, Google presented a new function of “AI overview” in its signature search product -called “AI mode”, which is expected for all US users.

The function enables direct interaction with the tools for artificial intelligence from Google and ensures the search functions more with the platforms such as the Chatgpt from Openaai.

This latest donation fits a wider pattern for Brin, which has regularly transferred essential parts of its alphabet stocks into philanthropic or strategic initiatives and often corresponds to the most important announcements of Google products.

In 2023, Brin donated around 600 million US dollars to Alphabet shares at Google at the time of Google's AI search. He also reported additional stock gifts of more than 100 million US dollars in May and November of this year.

Brin has a long -term success story about the support of causes in connection with medical research, especially Parkinson's disease, which runs in his family.

Through his non -profit foundation, he also financed projects in air conditioning technology and public health.

Earlier donations have supported startups that researched psychedelic treatments and ambitious infrastructure ideas – such as an initiative of 155 billion US dollars for the construction of artificial “energy islands” off the Copenhagen coast.

Although Brin, together with co -founders of co -founders from co -founder of co -founders of co -founders of the company, resigned from daily management in 2019, it is still deeply invested in the long -term direction of the company.

At the end of Wednesday, Brin's personal assets turned him to the tenth person in the world.

Page holds a slight advantage than ninth Richest with an estimated net asset of $ 153.2 billion.

A large part of Brin's wealth takes place in a mixture of class B shares in class B and class B class – structures that preserve its election power and at the same time offer flexibility in financial planning.

Since Google's first public offer in 2004, Brin has sold more than 11 billion US dollars in corporate shares, as Bloomberg data show.