1. Ruth Porat was born on 1957 and is a British-American business executive who is the President and Chief Investment Officer of Alphabet and its subsidiary Google, LLC and prior to that was Chief Financial Officer of the same companies from 2015 to 2024.
In 2024, Ruth Porat was listed as the 12th most powerful woman in the world by Forbes, and sixth on Fortune Most Powerful Women list.
Ruth Porat was born to a Jewish family in Sale, Cheshire, England, the daughter of Dan and Frieda Ruth Porat.
Ruth Porat has a brother, Marc Porat, who founded General Magic.
Ruth Porat moved at a young age to Cambridge, Massachusetts, where her father was a research fellow in the physics department at Harvard University.
Ruth Porat's visa was sponsored by John F Kennedy, then a US Senator.
Ruth Porat worked closely with Nobel Prize-laureate Melvin Schwartz and Stanley Wojcicki, father of Porat's future colleague Susan Wojcicki.
Ruth Porat was previously co-head of technology investment banking and worked for Morgan Stanley in London.
However, it was reported later by Bloomberg News and The New York Times that Ruth Porat had contacted White House officials to withdraw her name from consideration because of improving conditions at Morgan Stanley and the acrimonious confirmation process inflicted upon then Treasury Secretary-nominee Jack Lew.
Ruth Porat was named "Best Financial Institutions CFO" in a poll conducted by Institutional Investor for its "2014 All-America Executive Team".
On March 24,2015, it was announced that Ruth Porat would join Google as its new CFO as of May 26,2015.
Ruth Porat has been credited with boosting Google's share price by reorganizing the company and imposing financial discipline.
Ruth Porat spoke at the Fortune Most Powerful Women Summit in Dana Point, California, on October 19,2016, in her capacity as CFO of Alphabet Inc and Google.
At Google, in addition to Finance, Ruth Porat has Business Operations, Real Estate and Work Place Services reporting to her.
Ruth Porat was paid $50 million in 2020, $47 million in 2018, and $39 million in 2016.
In July 2023, Ruth Porat was promoted to the newly created role of president and chief investment officer of Alphabet and Google starting from September 1,2023.
Ruth Porat's responsibilities include overseeing the company's "Other Bets" ventures, its private equity portfolios, and its investments in real estate, infrastructure and data centers.
Ruth Porat is a member of the Board of Directors of Stanford University Management Company, the university's endowment, the Board of Trustees of Memorial Sloan Kettering Cancer Center, the Board of Directors of The Council on Foreign Relations, the Board of Directors of Bloomberg Philanthropies, and the Board of Directors of The Blackstone Group.
Ruth Porat previously served on the Board of Trustees of Stanford University, the Borrowing Advisory Committee of the United States Treasury, and the Board of Trustees of the Economic Club of New York.
Ruth Porat is a member of the Advisory Council of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, and the Economic Strategy Group at the Aspen Institute.
Ruth Porat supported Hillary Clinton for president in 2008 and 2016, hosting fundraisers for her at the Dakota in New York City.
In 2011, Ruth Porat expressed her support for increased taxes on the wealthy and declared on the topic of significant spending decreases that "we cannot cut our way to greatness".
In September 2015, Ruth Porat reportedly paid $30 million for a house in Palo Alto.