Married billionaire Eric Schmidt reportedly invested $100 million in an organization run by a 29-year-old entrepreneur mentioned to be his girlfriend

• Eric Schmidt invested $100 million in Metal Perlot, an organization led by Michelle Ritter, Forbes reported.

• Schmidt, the previous CEO of Google, has been romantically linked to Ritter.

• He’s a “very, very lively chairman,” Ritter, the corporate’s CEO, advised Forbes of Schmidt.

The former Google CEO Eric Schmidt — who’s been married for over 40 years — invested $100 million in an organization led by Michelle Ritter, who is claimed to be his girlfriend, Forbes reported.

Metal Perlot, Ritter’s firm, is a startup incubator. Schmidt, who’s 68 years previous and value $19 billion, per Forbes, serves as its chairman, based on his bio on the company’s website, which appears to be pulled straight from Wikipedia — annotations, and all.

He’s a “very, very lively chairman,” Ritter, the corporate’s 29-year-old CEO, advised Forbes of Schmidt. “We now have a really typical CEO-chairman relationship.”

Schmidt and Ritter declined to debate the standing of their relationship with Forbes, and they didn’t reply to Insider’s requests for remark.

Ritter advised Forbes she met Schmidt by a connection at Columbia Regulation Faculty. She was romantically linked to Schmidt in 2021 when the New York Post ran a narrative saying they have been noticed collectively in New Mexico watching a Virgin Galactic launch.

Ritter advised Forbes that Metal Perlot has a lot of backers, together with institutional buyers and rich people, and manages $450 million, however declined to establish the buyers. She later clarified to Forbes that the corporate had solely a “preliminary [letter of intent]” from institutional buyers.

As of as we speak, Metal Perlot has invested no less than $20 million, Forbes reported. Its portfolio consists of firms within the AI, crypto, and cost processing area, based on Pitchbook.

Metal Perlot appeared to want assist paying payments in January, based on the Forbes report. The corporate emailed Hillspire LLC, Schmidt’s household workplace, and requested practically $2.5 million to cowl payroll and bank card money owed, Forbes reported, citing a duplicate of the e-mail.

Schmidt, who shares two daughters together with his spouse Wendy, has been rumored so far different girls — although he has by no means confirmed it.

“I do not suppose that’s an acceptable query. We do not touch upon that, rumors,” he as soon as advised The New York Times.

Metal Perlot, Schmidt Futures, and The Schmidt Household Basis, didn’t reply to Insider’s requests for remark earlier than publication.

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