Sundar Pichai, Alphabet's CEO, has officially become a billionaire, with his net worth reaching $1.1 billion. This milestone is attributed to his Alphabet shares and long-term compensation, boosted by the company's AI-driven growth.

The comment came shortly after analysts peppered Pichai and other Google executives with questions about how AI would affect its core search business and why Google is spending an extra $10 billion on capital expenditures this year to catch up in the AI race.

Google and Alphabet CEO Sundar Pichai has joined the billionaires club after his company added over USD1 trillion in market value. His current net worth is 1.1 billion, according to the Bloomberg Billionaires Index.