"Sergey Brin gave away more than $1.1 billion worth of Alphabet Inc. stock this week, with most of the money going to a nonprofit the Google co-founder created. The donation was disclosed Friday in a regulatory filing, which didn't specify who had received the more than 3.5 million shares. According to a spokesperson for Brin's family office, roughly $1 billion in stock is going to Catalyst4,"
"Brin is also giving about $90 million to his family foundation, the spokesperson said, as well as $45 million to the Michael J. Fox Foundation, which supports research into Parkinson's disease. In May, Brin had previously doled out Alphabet shares worth $700 million to the same three charities. Brin, 52, is the world's fourth richest person, with a $255.5 billion fortune, according to the Bloomberg Billionaires Index."
Sergey Brin gave away more than $1.1 billion worth of Alphabet stock, amounting to over 3.5 million shares. Roughly $1 billion in stock is earmarked for Catalyst4, founded in 2021 to support central nervous system disease research and climate-change solutions. Brin also allocated about $90 million to his family foundation and $45 million to the Michael J. Fox Foundation for Parkinson's research. In May, he previously donated Alphabet shares worth $700 million to the same three charities. Brin is 52, owns roughly a 6% stake in Alphabet, and has seen his net worth rise amid a stock rally.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]