Sergey Brin gifts $1.1 billion in Alphabet stock after AI rally

Sergey Brin gifts $1.1 billion in Alphabet stock after AI rally

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, which the billionaire started in 2021 with the dual pu…

Sergey Brin Donates $1.1 Billion in Alphabet Stock Following AI-Driven Gains

Google co-founder Sergey Brin has made a major philanthropic contribution, gifting over $1.1 billion in Alphabet stock to various charitable organisations, according to recent reports. This move underscores his continued focus on advancing medical research, climate solutions, and global impact initiatives. Key Highlights of the Donation Catalyst4: Nearly $1 billion worth of Alphabet shares has been allocated to Catalyst4, the nonprofit Brin fou…