- Birthday27th Apr, 55
- Birth PlaceUnited States
- Marital statusMarried
An entrepreneur, internet strategist and developer of great technologies, Eric Schmidt served as the CEO of Google for about a decade. He has transformed Google from just another promising start-up company in the Silicon Valley into a corporate giant with a $150 billion market capitalization and more than 20,000 employees. With Google’s IPO in 2004, Schmidt became a billionaire overnight, thanks to the valuable stock options he received as compensation for being the company’s CEO. Schmidt is one of the few people in the world who became billionaires, based on stock options they received as an employee in a corporation of which they were neither the founder nor related to it in any way. Further, Google gave him $100 million as a parting gift this year when he decided to step down as the technology giant’s CEO. Schmidt, who seems to be making good use of his accumulated wealth, owns a $72.3 million yacht, the Oasis, whose larger than life size can make any other yacht look like a tug boat. Being a commercial pilot, he likes to challenge vertical limits frequently on his $42 million Gulfstream V, a Jet with the reputation of making ultra long journeys across the globe. This charismatic ex-CEO of Google also purchased a vast estate worth of $20 million at Montecito, CA and $3.7 million luxury residence in Atherton, CA. Apart from spending on himself, Schmidt also has a philanthropic side to him. He and his wife Wendy have founded the Schmidt Foundation in 2006 which aims to make the world a better place to live. Recently, Schmidt has been in the limelight for dating 46-year old brunette Lisa Shields, the VP at the Council on Foreign Relations.
- People are surprised to find out that an awful lot of people think that they're idiots.
- The Internet is really about highly specialized information, highly specialized targeting.
- We want to make sure the thing you're looking for is on Google 100 percent of the time.
- Half of Google's revenue comes from selling text-based ads that are placed near search results and are related to the topic of the search. Another half of its revenues come from licensing its search technology to companies like Yahoo.
- We weren't here to hope and hang on. We wanted to win.
- “Every young person one day will be entitled automatically to change his or her name on reaching adulthood in order to disown youthful hijinks stored on their friends’ social media sites.”
- “Streetview the cars we drive only once, you can just move, right?”
- “Washington is an incumbent protection machine… The Laws Are Written by Lobbyists”
- “Computers will clearly handle the things we aren’t good at, and we will handle the things computers clearly aren’t good at,”
- “The Internet of things will augment your brain”
- The internet is fast becoming a "cesspool" where false information thrives, Google CEO Eric Schmidt said yesterday. Speaking with an audience of magazine executives visiting the Google campus here as part of their annual industry conference, he said their brands were increasingly important signals that content can be trusted.
- "One day we had a conversation where we figured we could just try and predict the stock market..." Eric Schmidt continues, "and then we decided it was illegal. So we stopped doing that."
- “Let's face it — programmers want to program, they don't want to do their laundry. We make it easy for them to do both.”
- “They've agreed to a merger so short-term earnings are not a priority right now.”
- “The competitive threat has been a big overhang on the stock and I would say about half that has been lifted.”
- “We are very pleased with the performance on every level.”
Did you know?
- Once, Eric was joint author of lex, which is an important tool for compiler construction.
- In his struggling days, he used to teach students as a part time professor at Stanford Business School.
- Schmidt is diffrent from others, he became billionaires in US dollars when he was neither the founder nor a relative of the founder.
Family & relationships
Eric Schmidt lives with his family and enjoys his non Google time in his exquisite estate. Schmidt’s $3.7 million property stands on a large well wooded private lot in affluent neighborhood of Atherton, California.
Accommodation: Schmidt's sprawling abode covers approximately 4,840 sq ft and boasts 5 spacious bedrooms and 3 full and 1 half bathrooms.
The Location: This primary residential area is located in Atherton, California, United States.
The Neighborhood: Other notable residents of Atherton include Willie Mays, Shirley Temple and Bob Weir.
Former Google CEO Eric Schmidt purchased Montecito estate, a 1926 George Washington Smith designed Spanish Colonial mansion from Hollywood couple Ellen Degeneres in 2007. The exquisite $20 million property stands on acres of immaculately landscaped grounds and is reportedly chosen by celebs Kim Kardashian and Kris Humphries as the venue to tie the knot.
Accommodation: The privately situated fortified estate got a 5000 plus square foot house that boasts George Washington designed 4 luxurious bedrooms and 4 full and 2 half bathrooms. In addition, detached 1 bedroom guest house can comfortably accommodate guests and additional studio space in the quiet corner of the estate provides private leisure time. The extensively groomed grounds also includes massive motor court, a long winding drive, a championship sized tennis court, a long swimming pool with spa area and wide terraces.
The Location: The mansion is located in Montecito, South California, known as most expensive places to live in California.
The Neighborhood: Silicon Valley Venture Capitalist Frank Caufield also owns a neighborhood estate called Beneathe the Mountain, in Montecito. Katie Holmes and Tom Cruise too own a mansion in Montecito, California.
Schmidt owns what it is said to be one of the most feature-rich yachts ever built. Coming from the illustrious yacht-makers Lurssen Yards, the 59.4m (195 foot) yacht has got both looks and substance to be one of the most prized possession of the Google ex-CEO.
Toys & Features:
Luxury motor yacht Oasis is full of resplendent design features and technological innovations. Featuring interiors by Glade Johnson, the yacht’s sweeping views evoke an awe and admiration. Of the many qualities that the Oasis has, the one which will definitely turn heads is its awesome gymnasium that can be converted into a disco with the touch of a button. The yacht comes with lots of toys which are now a given on any luxury cruise boat. Besides the usual fare of a hi-fi audio visual system with an outdoor cinema screen, the yacht comes equipped with a Steinway piano. The list of toys that come with the yacht is long and includes laser sailing dinghy, paddleboards, diving equipment, segways and bicycles.
The yacht comes with a full width-master suite and 5 spacious guest cabins which offer accommodation for twelve. An open air sundeck with built-in bar, Jacuzzi and barbecue area further make sure that comfortable living on this yacht has altogether a different meaning.
This 2006 built yacht packs in power of twin 2000 hp HP Cat engines which can propel the yacht to its maximum speed of 16 knots. When not in real hurry, the yacht cruises at a speed of 14 knots.
The yacht is available for charter and can be have for a sum of $400,000 a week.
Open air sundeck
The master stateroom
The living room
Glorious Dining Table
The bathroom concept
Jacuzzi and barbecue area
Eric Schmidt, also a commercial pilot, likes to challenge vertical limits frequently on his $42 million Gulfstream V, a Jet that can fly at a maximum altitude of 51,000 feet above the ground. The Gulfstream V, the most luxurious and high performing jet powered by Rolls Royce engines has the reputation of making ultra long journeys across the globe. The roomy stand up interiors of this 14 seater jet boasts an impressive blend of luxury, and is the proud asset of the Eric Schmidt, along with riches like Steve jobs, Mel Gibson and Harrison Ford.
The ex-CEO of Google Inc. likes to fly planes, and it doesn’t come as a surprise that he owns a Gulfstream V, one of the finest private Jets. Despite being a commercial pilot, he always flies with a professional crew on board and flies a lot to the East Coast and Europe.
Eric Schmidt owns a Toyota Prius, and he simply relishes taking it for a spin once in a while. And just like Schmidt himself, the Prius is no ordinary car. The hybrid is the only vehicle available today that offers an unprecedented 50 mpg in city or highway driving. It’s only fitting that the car which uses cutting edge technology found a shelter in Schmidt’s garage.
Schmidt’s turbulent relationship with his wife Wendy is no secret. Although they are not divorced they are living separately. Mrs Schmidt, lives in Nantucket, Massachusetts while husband Eric Schmidt lives in Silicon Valley. Reportedly the couple is heading for divorce. The divorce is estimated to cost Eric Schmidt up to $1.5 billion and is already said to be the second most expensive divorce in history.
Oasis in the Caribbean
Eric Schmidt simply loves to travel to south of France and the Caribbean in his larger than life yacht, the Oasis. Recently, he has been spotted sailing in these exotic destinations with his latest girlfriend, the stunning Lisa Shields.
The Eric Schmidt Family Foundation
Eric Schmidt and his wife Wendy founded The Schmidt Family Foundation in 2006, with an aim to maintain a balanced relationship between human activity and the use of the world’s natural resources. The foundation also supports efforts to help transform the world’s environmental and energy practices in the 21st century.