Who is Larry Page?
Larry Page is the co-founder of Google and has a net worth of around $78 billion. Born in March 1973, his father was a computer science professor at Michigan State University, and his mother was an instructor in computer programming. He suffers from vocal cord paralysis and is married to Lucinda Southworth, with whom he has two children.
Larry Page and Sergey Brin co-founded Google. The Google story began in 1995 at Stanford University, where Page was considering grad school. Brin, a student there, was assigned to show him around. By the following year, they struck a partnership and raised $1 million from friends and family to launch their company.
Working from their dorm rooms, they built a search engine that used links to determine the importance of individual pages on the World Wide Web, which they named PageRank. They called the search engine Backrub, which was later renamed Google. The name was a play on the mathematical expression for the number 1 followed by 100 zeros, reflecting Larry and Sergey’s mission to organize the world’s information and make it universally accessible and useful.
He and Brin received the Marconi Prize in 2004, and Page was involved in the development of the Chromebook. Jeff Bezos was an early Google investor.
Larry Page is now the CEO of Google’s parent company, Alphabet Inc, while Brin is President. Alphabet’s group companies include Google, Capital G (Google’s venture capital fund), Google Fiber (providing broadband Internet), and Google X (a research and development company).
Alphabet realizes more than US$ 110 billion in sales and has over 89,000 employees. Page has 25.9% of the voting power in Alphabet, and Sergey Brin has 25.2%, giving them absolute power.
Sundar Pichai is the CEO of Google LLC, based in Silicon Valley, which means Page is less involved in Google’s day-to-day management and spends more time on his private island.
Google’s Management Rules
Larry Page is said to have dictated the following management rules at Google:
- 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.”
How Much is Larry Page Net Worth?
Larry Page’s net worth is estimated at $80 billion, the source of which is the shares he owns in Alphabet Inc., which has a value of $800 billion. He also owns several real estate investments and has a private staff of over 40 employees responsible for his accounting and investment management.
Larry Page is said to drive a Prius car and also owns a Tesla Roadster and a white Tesla X. He received one of the first Tesla X models when it was put up for sale.
He is never seen driving cars such as a Ferrari, a Bentley, or a Rolls Royce.
As Google’s co-founder and Alphabet’s CEO, Larry Page has made significant contributions to the tech industry, resulting in a net worth of $80 billion. He remains a pioneer in the field of innovation, consistently seeking new ways to improve the world and make it more accessible to everyone.
Frequently Asked Questions (FAQ)
Why Larry Page is so rich?
He is the co-founder of Google. The source of his wealth is the shares he owns in Google’s parent company Alphabet Inc. His net worth is estimated at $78 billion.
How much of Google does Larry Page own?
He owns roughly 3% of the company’s shares, but has 25.9% of the voting power in Alphabet. And Sergey Brin has 25.2%. So together they have absolute power.
Who owns Google now?
The investment firm The Vanguard Group, Inc. owns 7.58% of Alphabet. But Larry Page is Google’s largest individual shareholder. He owns less than 3% of the company’s shares.
Does Larry Page have a wife?
Yes, he is married to Lucinda Southworth. They married on Richard Branson’s private island Necker Island.
Does Larry Page have children?
Yes, he and Lucinda have two children: one boy (2009) and a daughter (2011).
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