Larry Page co-founded Google (now Alphabet) with Sergey Brin. He controls the company tightly via a dual share ownership structure (made of Class A and B stocks). Alphabet is worth over a trillion dollars, and Larry Page’s stake is valued at over $150 billion, making him among the wealthiest people in the world.
Category
Details
Full Name
Lawrence Edward Page
Date of Birth
March 26, 1973
Place of Birth
Lansing, Michigan, USA
Nationality
American
Education
Bachelor of Science in Computer Engineering from the University of Michigan, Master of Science in Computer Science from Stanford University
Early Career
Researcher in computer science, Focused on internet technologies and search engines
Major Companies Founded
Google, Alphabet Inc.
Positions
Co-founder and former CEO of Google, Co-founder and former CEO of Alphabet Inc.
Net Worth
Estimated over $150 billion
Business Milestones
– 1998: Co-founded Google with Sergey Brin while pursuing a Ph.D. at Stanford University. – 2000: Launched Google AdWords, a pay-per-click advertising service that became a major revenue source. – 2004: Took Google public with an initial public offering (IPO), raising $1.67 billion and significantly boosting its market presence. – 2006: Acquired YouTube for $1.65 billion, expanding Google’s reach into video content. – 2008: Launched Android, an open-source operating system for mobile devices, which became the world’s most popular mobile OS. – 2011: Stepped back from day-to-day operations and became CEO of Google, focusing on long-term projects and strategic direction. – 2015: Reorganized Google into Alphabet Inc., a holding company for Google and its various subsidiaries, with Page as CEO. – 2019: Stepped down as CEO of Alphabet, transitioning to a board member role, while Sundar Pichai became CEO of both Google and Alphabet. – 2020: Focused on various technology and philanthropic endeavors, including funding for research in renewable energy and healthcare. – 2022: Continued involvement in multiple ventures, including autonomous vehicles (Waymo), life sciences (Verily), and other “moonshot” projects under Alphabet’s umbrella.
We assume and compute Larry Page’s net worth primarily based on his ownership stake in Alphabet, his largest holding (though he also owns other assets).
According to official financial data, our estimate was based on 300,758,936 shares of Class A common stock and 44,404,426 shares of Class B common stock outstanding on April 5, 2022.
The market cap has been computed based on March’s 2023 data of a 1.23 trillion dollars market cap.
Larry Page ownership % =
(Class B shares owned by Larry Page are 19,494,224 / Total outstanding shares are 345,163,362) * 100 Larry’s ownership % = (19,494,224 / 345,163,362) * 100 ≈ 5.65%
Larry’s ownership % / 100) * Market cap Ownership value = (5.65 / 100) * $1.23 trillion ≈ $69.545 trillion
Larry Page’s stake in the company is worth approximately $69.54 billion.
Key Highlights
Larry Page’s Significant Ownership Stake: Larry Page, the co-founder of Alphabet Inc., holds a substantial ownership stake in the company.
Number of Shares Owned: As of April 5, 2022, Larry Page owns 300,758,936 shares of Class A common stock and 19,494,224 shares of Class B common stock.
Alphabet’s Market Cap: Alphabet Inc.’s market capitalization, as of March 2023, is estimated to be around $1.23 trillion.
Larry Page’s Ownership Percentage: To calculate Larry Page’s ownership percentage, we divided the number of Class B shares he owns (19,494,224) by the total outstanding shares (345,163,362) and multiplied it by 100. His ownership percentage is approximately 5.65%.
Valuation of Larry Page’s Stake: Based on his ownership percentage and the market cap, Larry Page’s stake in Alphabet is valued at around $69.54 billion.
Additional Assets: Larry Page’s net worth may also include other assets, but his primary source of wealth is his ownership in Alphabet.
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Of Google’s (Alphabet) over $282 billion revenue for 2022, Google also generated over a billion dollars from a group of startup bets, which Google considers potential moonshots (companies that might open up new industries). Those Google’s bets also generated a loss for the company of over $6 billion in the same year. In short, Google is using the money generated by search and betting it on other innovative industries. Of Google’s (Alphabet) over $282 billion revenue for 2022, Google also generated over a billion dollars from a group of startup bets, which Google considers potential moonshots (companies that might open up new industries). Those Google’s bets also generated a loss for the company of over $6 billion in the same year. In short, Google is using the money generated by search and betting it on other innovative industries.
Google is an attention merchant that – in 2022 – generated $224 billion (almost 80% of its total revenues) from ads (Google Search, YouTube Ads, and Network sites), followed by Google Play, Pixel phones, YouTube Premium (a $29 billion segment), and Google Cloud ($26.3 billion).
The traffic acquisition cost represents the expenses incurred by an internet company, like Google, to gain qualified traffic – on its pages – for monetization. Over the years, Google has been able to reduce its traffic acquisition costs and, in any case, to keep it stable. In 2022 Google spent 21.75% of its total advertising revenues (over $48 billion) to guarantee its traffic on several desktop and mobile devices across the web.
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