Larry Page Net Worth $78.1 billion
Larry Edward Page
Lansing, Michigan, United States
Lucinda Southworth (m. 2007)
|Entrepreneur, Computer Scientist
Larry Page is a notable American entrepreneur and computer scientist who co-founded Google Inc.(now Alphabet Inc), the search engine giant which offers a wide range of internet services and products. Google started out as an online search firm only, but subsequently and gradually expanded its operations to several other internet related areas. Born to computer professionals, Page began to get fascinated with computers at an early age. As a child he paid attention to technology, business and innovation. While studying Computer Science at the Stanford University, he met fellow computer scientist Sergey Brin with whose assistance he developed a search engine that provided results based on relevancy. Together with Brin, Larry page launched a company named ‘Google Inc’ in 1998. They both served as the company’s co-presidents until Schmidt was appointed as Chief Executive Officer and Chairman of Google in 2001. In 2011, Page became the Chief Executive Officer of Google while Schmidt serves as executive chairman. Page is also a Board of Directors member of the company. He also has keen interest in philanthropy and renewable energy technology. The philanthropic branch of the company, named Google.org, was set up in 2004 to deal with issues of renewable energy and climate change. Today, Larry Page is one of the wealthiest men on earth. Many people know about Google these days because the company is involved in almost everything; smartphones, entertainment, search engines, and more. But not many people know Page as one of the pioneers of the search engine giant. Therefore, this page will provide details on Larry Page biography, career as a computer scientist, and others aspects of his life so far.
Larry Page’s Early Life
Lawrence Page is the son of Carl Page and his wife Gloria. The husband and wife were both computer professors, and raised their son without religion.
Page’s childhood home was occupied by computers and science magazines, and that built his passion for technology from a very tender age. He was also interested in innovation and business, and by age 12, he was already thinking of starting a company.
In 1991, he completed his studies at East Lansing High School and enrolled in the University of Michigan to pursue a bachelor’s degree in computer engineering. He later attended Stanford University and graduated with his Master of Science in computer science.
Larry Page’s Career
The idea of Google came from Larry Page and his friend Sergey Brin, and they started the company’s operations from a small garage. By the year 2000, Google search engine had already indexed over a billion URLs, establishing itself as the most encyclopedic and thorough search engine then. Page assumed the position of Chief Executive Officer as soon as the company began operations. Under his management, he changed the management of the company from non-engineers to engineers managing the company. He also oversaw the creation of new algorithms that would make the search engine load results faster.
In 2001, he left his position as the Chief Executive Officer and Schmidt took over, although he was still in charge of most activities behind the scenes, as he was the man who would provide a signature of the IPO and approve new hires. He purchased the Android operating system for $50 million without the knowledge of Schmidt the Chief Executive Officer. He took over Schmidt’s position again from 2011 to 2015 and overhauled several products and applications as well as management. After restructuring the Google company, in 2015, a new holding company, Alphabet Inc., was created and Page took over as the new Chief Executive Officer.
Awards & Achievements
Larry Page is the man behind one of the most powerful search engines in existence today. He has made it easier for the world to search for and obtain information on the internet easily and faster. For this, he has been rewarded and awarded severally for his innovation and creativity. He has received many awards through the Google company alongside co-founder Sergey Brin. He has been named top innovator and the global leader of tomorrow. He has also received an honorary citizenship from Italy and an honorary doctorate degree from the University of Michigan. He received a Communication Award from king Felipe, and has received other awards like the businessperson of the year award, most daring CEO award, and many other accolades to mark his accomplishments.
Personal Life & Family
Since 2007, Larry Page has been married to his sweetheart Lucinda Southworth, who is a research scientist. They had their wedding on Richard Branson’s private island in Necker Island. They have two children together.
Larry Page Net Worth
Currently, Larry Page is the CEO of Alphabet, known to be the parent company of Google. He is also the CEO of Calico appliances and many other companies. He makes his wealth from serving in these companies along with being the founder of Google. Larry Page net worth of $78.1 billion ranks him among the top 15 richest people in the world. His wealth has been increasing in the last couple of years thanks to his roughly 6% stake in Alphabet Inc. With super-voting shares, Page and Brin control around 51% of the company’s voting rights. Larry has sold around $9 billion worth of shares of both Google and Alphabet since the company’s IPO in 2004. Page owns Class C, Class B, and Class A shares of Alphabet, including 20 million shares of Class C Alphabet stock. His family foundation, known as the Carl Victor Page Memorial Fund is in control of more than $1 billion worth of assets which Larry himself donated.
This billionaire businessman and his wife and children reside in a 9,000 square-foot home in Palo Alto, California which Larry purchased in 2005 for $7.2 million. Starting in 2009, he began acquiring and demolishing most of the buildings adjacent to his primary house. In 2011, he paid $45 million for a 193-foot yacht called Senses.
We owe this man gratitude for making many things easier for humanity. Today the world can communicate easily with cheap android technology, and many things can be learned on the internet through the help of Google search engine. Larry Page has played his part with valuable contributions to the human race, and he completely deserves all the fame and wealth he has acquired so far.