Google's India-born CEO Sundar Pichai received a stock award of $198.7 million in 2016, almost double his 2015 stock award of $99.8 million, a media report said.
That brought his total compensation in 2016 to $199.7 million, almost twice the $100.6 million he earned in 2015.
Pichai received a salary of $650,000 in 2016, slightly less than the $652,500 he earned in 2015, CNBC reported on Friday.
Pichai's massive pay package came even as his two bosses and Google co-founders Larry Page and Sergey Brin, once again drew salaries of only one dollar for their roles as CEO and President, respectively, of parent company Alphabet.
But Page and Brin are each worth more than $40 billion through their stock holdings.
According to the report, Pichai's raise came during a year when Google's sales rose 22.5 per cent and net income rose 19 per cent as it maintained its position as the top seller of internet advertising.
Chennai born, IIT Kharagpur-educated Sundar Pichai became the CEO of the core business of Google on August 10, 2015.
Pichai who holds an MS from Stanford University and an MBA from the Wharton School of the University of Pennsylvania, has worked at Google, since it went public in 2004, most recently as the senior vice president of product.
He is the second person of Indian origin to head a major IT company after Hyderabad born Satya Nadella who became CEO of software giant Microsoft in February 2014, succeeding Steve Ballmer.