Eric Schmidt on its list of the 50 most important people on the Web, along with Google co-founders Page and Brin. Schmidt is one of a few people who became billionaires (in United States dollars) based on stock options received as employees in corporations of which they were neither the founders nor relatives of the founders. In its 2011 'World's Billionaires' list, "Forbes" ranked Schmidt as the 136th-richest person in the world, with an estimated wealth of $7 billion. On 20 January 2011, Google announced that Schmidt would step down as the CEO of Google but continue as the executive chairman of
Oliver Schmidt (engineer) Detroit judge found Schmidt guilty and sentenced him to seven years in prison and fined him $400,000. Oliver Schmidt (engineer) Oliver Schmidt (born 1969) is an engineer and former Volkswagen AG executive, who in 2017 was sentenced to seven years of prison due to his involvement in the Volkswagen emissions scandal. After studying mechanical engineering in Hannover, Schmidt was employed by Volkswagen AG in Wolfsburg. At the age of 35 Schmidt was transferred to the USA, where he from 2012 oversaw VW's emissions office in Michigan. In January 2017 while returning to Germany from a vacation Schmidt was arrested in