Eric Schmidt will sell about half of his Google shares

Chairman of the Board of Directors of Google will offload 42% of  his shares on Google a year, which represents a whopping ... 2.5 million dollars.

This is a statement from the SEC (Securities and Exchange Commission) that we learn the intentions of the President of Google: offload 42% of his shares Google. Obviously, the operation will not be carried out at once, but will be spread over a year to avoid disrupting markets too.

Currently, Eric Schmidt holds 2.3% of Google stock and will therefore sell 3.2 million shares, 7.6 million of he owns. If it is based on the present value of Google stock ( 785 $), the sale can be estimated at 2.5 billion dollars.

This is not the first time Eric Schmidt (57 years) gives some of his shares, since he had already sold 1.5 billion dollars in February 2012, again with a plan over several months . Remember that when he was at the head of Google as CEO, his salary was 1 $ per year, with a large share-based compensation. Since he became president, his salary rose to  1.25 million dollars per year.

Eric Schmidt's fortune is now valued by Forbes at around 7.5 billion dollars. That does not even allow him to be in the Top 22 of the richest men in the world.