Larry Page Net Worth:
What are Larry Page’s net worth and salary?
Larry Page is an American billionaire entrepreneur who earned his fortune as the founder of Google. As of this writing, Larry Page has a net worth of $127 billion dollars. Larry Page is most notable for being the co-founder and former CEO of the web giant Alphabet which owns several subsidiary companies, including the search engine Google. Larry Page created Google with Sergey Brin while they were both graduate students at Stanford.
Larry Page Biography
Family Background: Larry’s mother was Jewish, and his grandfather later made Israel an Aliyah religion, but Larry Page does not follow any formal religion. His father, Carl Victor Page, Sr., had earned a Ph.D. at Michigan University in computer science. At that time, this field was just being established, and BBC correspondent Will Smale described Larry as a pioneer in the computer science industry and artificial intelligence. Larry Page’s father and mother both were instructors in computer programming at Michigan State University.
Larry Page says that his home was fully spread with computer, science, and technology magazines, and with top popular science magazines. In those magazines, Larry immersed himself. Page was an avid reader during his young age and read all the computer books he had at home, which led to his knowledge of computer programming.
Larry, in 2013, Google founding paper even said: “I love books and magazines. It feels good to spend a lot of time reading them. ” Page’s home environment led to his fascination for computers, and his parents also encouraged Page’s creativity and inventions.
Education: Larry graduated from East Lansing High School in 1991 and graduated in Computer Engineering from Michigan University, later he enrolled for his Master of Science in Computer Science from Stanford University, where he met Sergey Brin. Earlier, he also played Saxophone and studied Music Composition when she grew up.
Page noted that his musical education inspired his impatience and obsession with speed in computing. “In some sense, I think that music training gave birth to Google ‘s high-speed legacy for me.” An interview page states that “In music, you are a knowledge of time.” Time is like the primary thing “and” If you think about it from a musical point of view, if you’re a Percussionist, you score something, it’s just in milliseconds, which is a fraction of a second.
Larry Page firstly got attracted to the computer when he was six years old because Larry Page liked to play with the useless stuff lying at home. He used to research electronic items lying idle by his parents and was interested in page technology and computer programming. He became the first student in his elementary school to do his assignment with the Word Processor. His elder brother also taught him several things, and for a long time, he would open the electronic stuff in his house to see how it worked. Larry Page realized from a very early age that he had to invent things. So he was interested in technology and business. When Page was 12, he started a company. While studying computer science at Stanford University, Larry met Sergey Brin with whose help Larry started a company Google Inc which is a search engine.
This search engine provides a complete overview of Internet products and services in search results. Google started as an online search firm and gradually got its operations promoted in other Internet-related fields. Larry, the son of computer professionals, Page’s fascination with computers began at an early age. As a child, the page showed a keen interest in technology, business, and innovation. Larry Page and Brin launched the company in 1998 under the name ‘Google Inc.’ The two served as co-chairs until 2001 when Eric Schmidt was appointed president and CEO of Google. In 2011, Page officially became Google’s CEO, while Eric Schmidt continued to serve as executive chairman. Larry Page is also a member of the company’s board of directors. He is also interested in renewable energy technology. Google.org, the company’s branch, was founded in 2004.
Personal Life and Real Estate
Larry has been married to Lucinda Southworth since 2007. They married on Richard Branson’s private island, Necker Island. They have two children together. Their primary residence is a 9,000 square-foot home in Palo Alto, California which he bought in 2005 for $7.2 million. Starting in 2009 the Pages began acquiring and tearing down most of the homes adjacent to their primary house.
In 2011 Larry spent $45 million on a 193-foot yacht called Senses.
During the COVID-19 pandemic, Larry and his family reportedly moved to Fiji where they proceeded to buy at least one full private island and potentially several surrounding islands.
Growth of Google
- During his Ph.D. at Stanford, he met fellow researcher Sergey Brin while working on a research project in 1995. By 1996 they had built a search engine – initially called ‘BackRub’. It was operated on Stanford servers for many months.
- Page and Brin decided to incorporate their project as a company. Sun Microsystems co-founder Andy Bechtolsheim played a major role in financing the company as he wrote a check for $100,000 to the entity that had not even come into existence as yet.
- In September 1998, the project, now renamed as ‘Google’, was officially incorporated as a company. Eric Schmidt was appointed as the CEO in 2001 while Page and Brin became the presidents of products and technology, respectively.
- In 2004, Google launched Orkut, a social networking site, and introduced the Google Desktop search. The same year, Google held its Initial Public Offering (IPO) which made Page and Brin millionaires. The philanthropic wing of Google, Google.org was formed to contribute to social issues and causes.
- The year 2005 was quite productive for Google. Google Maps, Blogger Mobile, Google Reader, and iGoogle were released that year. The next year, Google acquired Youtube and introduced the chat feature in Gmail.
- Google entered into a partnership with China Mobile and Salesforce.com in 2007. The company also signed partnerships to make Google Apps for Education freely available to thousands of students in Kenya and Rwanda.
- In 2008, Google launched Google Sites and a new version of Google Earth. Google Health, a personal health information centralization service, was also released in the same year, but the service was discontinued in 2011 when it was unable to achieve the desired impact.
- Picasa for Mac was launched in January 2009 followed by Google Latitude and the latest version of Google Earth. Google Ventures, a venture capital fund for supporting new technology companies, was also introduced the same year.
- In 2010, Google acquired Aardvark and Picnik. The Google Apps Marketplace, a new online store for integrated business applications, was launched to enable customers to easily manage cloud applications.
Larry Page married Lucinda Southworth, a research scientist, in 2007. They have one child.
Awards & Achievements
- In 2002, Page and Brin were named in the MIT Technology Review TR100 for being among the top 100 innovators in the world under the age of 35.
- The World Economic Forum named Page as a Global Leader for Tomorrow in 2002.
- Page and Brin received the prestigious Marconi Foundation Prize (2004) which is given to honor significant contributions to science and technology. They were also elected Fellow of the Marconi Foundation at Columbia University.
- Larry Page’s biggest work is the formation of Google. Google, founded in 1998, is the world’s leading search engine, serving millions of users worldwide. Besides search, Google offers many other products and services like Gmail, Blogger, Google Maps, Picasa, etc.
- The charitable arm of the company, Google.org, was formed in 2004. The organization is dedicated to finding technological solutions to help address global challenges like hunger and poverty.
Larry Page Net Worth Summary
Larry Page’s net worth is $127 billion thanks to his roughly 6% stake in Alphabet. With super-voting shares, Larry and Sergey control 51% of the company’s voting rights. Larry has sold about $9 billion worth of shares of both Alphabet and Google since the company’s IPO in 2004. Page owns Class A, Class B, and Class C shares of Alphabet, including 20 million shares of Class C Alphabet stock. Larry’s family foundation, the Carl Victor Page Memorial Fund controls more than $1 billion worth of assets that have been donated by Larry.