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Eric Schmidt Unloads Google Stock

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    NEWSLETTERS

    Former Google CEO Eric Schmidt has plenty of money in his wallet but the billionaire is about to get richer.

    Google's current executive chairman is reportedly planning to sell up to 2.4 million shares of his $1.5 billion stock portfolio.

    But even if Schmidt is to sell off all 2.4 million shares he is putting on the market, his ownership of the tech giant would only be reduced from 2.8 percent to 2.1 percent.

    Unloading all those shares could take awhile.

    Google co-founders Larry Page and Sergey Brin began selling five million Google shares a piece in 2010.

    The sale of those shares is expected to be complete in 2015.