Google Co-founder Sergey Brin's Mega Alphabet Stock Gift Tops $1.1 Billion

Alphabet Inc. Class C +2.80%
Alphabet Inc. Class A +3.42%
Tesla Motors, Inc. +2.56%

Alphabet Inc. Class C

GOOG

294.90

+2.80%

Alphabet Inc. Class A

GOOGL

297.39

+3.42%

Tesla Motors, Inc.

TSLA

381.26

+2.56%

Sergey Brin, co-founder of Google, donated more than $1.1 billion in Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) stock this week, according to a regulatory filing disclosed on Friday.

Check out the current price of GOOGL stock here. 

Brins Donates To Health And Climate Startup Catalyst4

A spokesperson for Sergey Brin's family office told Bloomberg that about $1 billion in Alphabet Inc. stock was donated to Catalyst4, a nonprofit he founded in 2021 to support research on central nervous system diseases and climate-change solutions.

Brin created Catalyst4 by selling $366 million in Tesla Inc. (NASDAQ:TSLA) shares.

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The filing showed that Sergey Brin transferred more than 3.5 million Alphabet Inc. shares, including 1,778,650 shares of Class A Common Stock and 1,778,650 shares of Class C Capital Stock, though it did not specify the recipients.

According to Bloomberg, Brin allocated about $90 million to his family foundation and $45 million to the Michael J. Fox Foundation, which supports research on Parkinson’s disease.

Earlier this year, Brin gave $700 million worth of Alphabet shares to the same three charities after coming out of retirement in May to work on Gemini.

With a net worth of $235 billion, the American computer scientist is currently the fourth richest person in the world. This year, his net worth increased by $76.9 billion.

Stock Performance

Alphabet’s stock has increased 85.08% in the last six months and 67.93% so far this year on the back of the tech giant’s AI ambitions.

The multinational technology conglomerate's shares have traded between $142.66 and $328.67 over the past year, and the company has a market capitalization of $3.87 trillion.

Benzinga’s Edge Stock Rankings highlight that Alphabet stock has a Quality score of 87.95. Track the performance of other players in this segment.

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