Who is Larry Page?
He is co-founder of Google and has a net worth of around US$ 76 billion. He was born in March 1973. His father was a computer science professor at Michigan State University. His mother was an instructor in computer programming. He suffers from vocal cord paralysis. He is married to Lucinda Southworth. They have 2 children (a son and a daughter).
Google founder Page is the owner of the yacht Senses.
Larry Page and Sergey Brin co-founded Google. (Sergey Brin is the owner of the yacht Dragonfly). The Google story begins in 1995 at Stanford University. Page was considering Stanford for grad school. Sergey Brin, a student there, was assigned to show him around.
By some accounts, Page and Brin disagreed about nearly everything during that first meeting. But by the following year, they struck a partnership. They raised $1 million from friends and family to launch their company.
Working from their dorm rooms, they built a search engine. The engine used links to determine the importance of individual pages on the World Wide Web. They named this factor PageRank.
They called the search engine Backrub. Soon after, Backrub was renamed Google. The name was a play on the mathematical expression for the number 1 followed by 100 zeros. It reflected Larry and Sergey’s mission “to organize the world’s information. And make it universally accessible and useful.
He and Brin received the Marconi Prize in 2004. Page was also involved in the development of the Chromebook. Jeff Bezos was an early Google investor.
He is now CEO of Google’s parent company Alphabet Inc, while Brin is President. Alphabet’s group companies include Google and Capital G (Google’s venture capital fund). It also includes Google Fiber (providing broadband Internet). Google X is a research and development company.
Alphabet realizes more than US$ 110 billion in sales. The company has more than 89,000 employees. Page has 25.9% of the voting power in Alphabet. And Sergey Brin has 25.2%. So together they have absolute power.
Sundar Pichai is CEO of Google LLC, based in Silicon Valley. This means that Page is less involved in Google’s day-to-day management. He is spending more time on his private island.
Google’s Management Rules
The Google CEO is said to have dictated the following management rules:
Don’t delegate: Do everything you can yourself to make things go faster.
Don’t get in the way if you’re not adding value.
Don’t be a bureaucrat.
Ideas are more important than age.
Don’t stop someone from doing something by saying, “No. Period.”
Larry Page Net Worth
His net worth is estimated at US$ 67 billion. The source of his wealth is the shares he owns in Alphabet Inc. Alphabet has a value of US$ 800 billion.
He also owns a few real estate investments. Page has a private staff of over 40 employees. They are responsible for his accounting and the management of his investments.
He is said to drive a Prius car. He also owns a Tesla Roadstar and a white Tesla X. He received one of the first Tesla X models, when it was put for sale.
He is never seen driving cars such as a Ferrari, a Bentley or a Rolls Royce.