Eric Schmidt: is there a family office?

Eric is the former CEO of Google, who served from 2001 to 2011, and has years of experience in the technology industry thanks to roles at Novell, Xerox, and Sun Microsystems. Since leaving his post at Google, Schmidt has held positions in the Department of Defence and remained an advisor to Alphabet until 2018. As of February 2024, Schmidt has an estimated net worth of $20.6 billion, altogether placing him in the top 100 richest people in the world, according to Forbes. Regarding his vast wealth, we investigate whether there is an Eric Schmidt Family Office.

Schmidt manages wealth through the Hillspire family office and philanthropic pursuits.

In 2006, Eric and his wife Wendy founded Hillspire LLC, a family office based in California. The Eric Schmidt family office serves as an investment vehicle for the couple and their philanthropic endeavors through the Schmidt Family Foundation, Schmidt Ocean Institute, and Schmidt Futures. Hillspire invests in publicly traded securities, private equities, real estate, and alternative investments. Furthermore in 2019, the family office invested in the financial venture of another former Google employee, Arta Finance. The venture, led by Caesar Sengupta, aims to digitize the family office experience using artificial intelligence to deliver personalized portfolios. In addition to that in 2015, Hillspire acquired a 20% stake in global investment and technology firm D.E. Shaw Group. Eric founded Schmidt Futures to support and connect future generations of aspiring entrepreneurs through grants, investments, and start-up activities. Wendy and Eric have also established the Schmidt Family Foundation. The foundation aims to advance research in renewable energy and focuses on more efficient use of natural resources.

Picture source: Alex Dudar