HomeBusiness#6 Larry Page Net Worth | Top 10 Richest Person In The...

#6 Larry Page Net Worth | Top 10 Richest Person In The World

Net Worth: $125 Billion

Date of Birth: Mar 26, 1973 (48 years old)

Gender: Male

Height:             5 ft 11 in (1.81 m)

Profession: Entrepreneur, Businessperson, Computer Scientist, Internet Entrepreneur

Nationality: United States of America

What is Larry Page net worth and salary?

As the founder of Google, Larry Page is a billionaire entrepreneur from the United States. At the time of this writing, Larry Page’s net worth is $125 billion dollars. The most prominent role that Larry Page played in the development of the internet giant Alphabet is as one of the founders and former CEOs of its subsidiary companies, including Google. Google was founded by Larry Page and Sergey Brin when they were both graduate students at Stanford.

Life in the Early Years

Page was born March 26, 1973, in East Lansing, Michigan (where Michigan State University is located). Described as a pioneer of computer science, Carl Victor Page, Sr. was the father of Carl Victor Page, Jr. Early in Larry’s life, he played with computers and built inventions. His years at Okemos Montessori School were 1975-1979. In 1991, he graduated from East Lansing High School. At Michigan University, he earned a Bachelor of Science degree in computer engineering.

Creating Google from Stanford

Following his graduation from the University of Michigan, Larry enrolled at Stanford University to study computer science. In order to complete the program, he must develop a dissertation topic. After a long analysis, he decided to look into the World Wide Web’s mathematical properties and link structure. He revealed that backlinks from other websites could give an indication of the quality of a website. Academics use citations to judge the quality of research.

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Larry and another Ph.D. student named Sergey Brin eventually teamed up to work on “Backrub”. The two of them wrote a paper together titled “The Anatomy of a Large-Scale Hypertextual Web Search Engine.”. In the history of the internet, when their paper was published, it became the most downloaded scientific document.

The next step was to develop a scoring algorithm based on the Backrub web crawler, which measured the quality of all websites on the internet. It was called ‘PageRank’, which referred to both the name Larry and the page on the internet. Having developed an algorithm and a crawler, the next logical step was to create a search engine that would display the results.

Google was founded as a private company by Larry and Sergey in 1998 after they were kicked off campus for overusing academic computing resources. This domain name was originally referred to as “Googol” which is a number consisting of 1 followed by one hundred zeros. David Cheriton, a Stanford professor, invested $100000 in this startup business. The $100 investment from Cheriton would ultimately be worth more than $2.3 billion.

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Google IPO

Under the leadership of CEO Eric Schmidt, who had been brought in to turn Google into a professional business, Google went public on August 20, 2004. The company was led by Schmidt until 2011. Larry Schmidt took over the role again in 2011. Both Sergey and he stepped down from their positions in December 2019. In addition to being on the board, both of them still hold a majority share in the company but have no day-to-day jobs. Sundar Pichai was appointed CEO in his place. Revenue for the company exceeds $130 billion today.

Currently, he is one of the richest entrepreneurs in internet history and one of the wealthiest people in the world. In addition to receiving an honorary MBA from IE Business School and the Maxim Foundation Prize in 2004 (the highest award in the field of engineering), Larry Page has also received awards from many professional organizations. Additionally, he holds an honorary Doctorate from Michigan University and is a Fellow of the Marconi Foundation at Columbia University. Page is active in a number of philanthropic causes alongside co-founder and friend Sergey Brin.

Real Estate and Personal Life

Lucinda Southworth and Larry Southworth were married in 2007. On Necker Island, Virgin’s private island, they were married. Together, they have two children. He bought the 9,000 square-foot home for $7.2 million in 2005 in Palo Alto, California. Pages purchased most of the adjacent houses in 2009 and demolished them.

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Larry purchased Senses, a 193-foot yacht, for $45 million in 2011.

According to reports, Larry and his family moved to Fiji during the COVID-19 pandemic, where they purchased at least one full private island and possibly several surrounding islands.

Summary: Larry Page Net Worth 

The roughly 6% stake Larry Page holds in Alphabet makes his net worth $125 billion. Since Larry and Sergey control super-voting shares, they have 51 percent of the voting power in the company. Over the last decade, Larry has sold shares of both Alphabet and Google for $9 billion. Alphabet stock owned by Page includes Class C stock with 20 million shares of Alphabet stock, as well as Class A, B, and C shares. Carl Victor Page Memorial Fund, Larry’s family foundation, controls assets worth more than $1 billion that Larry has donated.

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Article Title:  Larry Page Net Worth

Author: Editors

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Access Date: September 25, 2021

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