Google co-founder Sergey Brin has made a significant philanthropic move, gifting over $1.1 billion in Alphabet stock to various organizations, including his nonprofit Catalyst4, which tackles brain diseases and climate change.
This donation marks Brin's second major philanthropic move this year, following a $700 million donation to the same three charities in May.
At 52, Brin currently ranks as the world's fourth-richest person, with a net worth of $255.5 billion, according to the Bloomberg Billionaires Index.
Brin's wealth has surged dramatically this year, thanks to an impressive rally in Alphabet shares fueled by the company's enhanced focus on artificial intelligence tools.
Brin's philanthropic efforts come as he and his family office continue to navigate the complexities of his wealth, which has fluctuated recently due to changes in Alphabet's stock price.
