Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#9 Larry Page $53.1B

Random fact: Invested in Planetary Resources, an asteroid-mining company.

Overview

Page is CEO of Alphabet, the holding company for Google, the world's largest search engine operator. He co-founded the Mountain View, California-based company in 1998, which handles about 4.5 billion searches a day and reported revenue of $90.3 billion in 2016. Other units include its research division Google X.

As of Dec. 18, 2017:
Last change +$617M (+1.2%)
YTD change +$13.2B (+33.1%)
Industry Technology
Biggest asset GOOGL US Equity
Citizenship United States
Age 44
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Larry Page's net worth of $53.1B can buy ...

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troy ounces of gold
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barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Page's fortune is derived from his stake in Alphabet, the parent company of Google, the world's largest search engine, according to Net Market Share. Google processes about 4.5 billion web searches daily, according to Smart Insights.  

The billionaire owns Class A, B and C shares, giving him an aggregate 6 percent of the business, according to a February 2017 SEC filing. Page's Class B stock doesn't trade; it's valued using current market prices for the company's Class A shares, as the B shares are convertible into the publicly traded shares on a one-for-one basis, according to the company's 2017 proxy. He owns about 20 million shares of Alphabet Class C stock, which are also traded.

Since Google's 2004 initial offering, the billionaire has sold shares of both Alphabet and Google valued at about $9 billion, according to data compiled by Bloomberg. The value of his cash investments is based on an analysis of dividends, insider transactions, asset sales and taxes.

No response was received to requests for comment on Page's net worth e-mailed to Google's press office.

Biography

Birthdate: 3/26/1973
Family: Married, 1 child
Education: 1995, University of Michigan, Engineering, Bachelor's Degree Stanford University, Computer Science, Master's Degree

The East Lansing, Michigan, native studied computer science at the University of Michigan before pursuing a doctorate at Stanford. He met fellow graduate student Sergey Brin in 1995, and the pair later worked on a research project dubbed BackRub that focused on maximizing Internet searches by analyzing the interconnectivity between websites. The result was Google, which was incorporated in 1998 after the pair secured $100,000 from investor Andy Bechtolsheim.

The partners served as Google co-presidents until 2001, when they hired former Novell executive Eric Schmidt to become CEO. Google sold shares at $85 in a public offering in 2004. In the IPO, the company all but refused help from investment banks, a ploy that highlighted its stated mission, "Don't be evil." Since then, Google has become the world's biggest Internet company, with revenue of $90 billion in 2016.

Google has been making forays into other businesses, including the company's Android operating system, which powered 81 percent of smartphones that shipped in the U.S. in 2015, according to researcher IDC. Page took over as CEO in 2011, after critics began to gripe that Google had lost its nimbleness. He became CEO of Alphabet, a holding company for Google and its other businesses, in October 2015. An advocate of clean tech, Page was an early investor in electric-car maker Tesla Motors.

Milestones
  • 1973 Lawrence Page is born in East Lansing, Michigan.
  • 1995 Enrolls at Stanford for graduate studies; meets Sergey Brin.
  • 1996 Starts a research project on Internet searches with Brin.
  • 1998 Formally incorporates Google with $100,000 in financing.
  • 2001 Steps down as Google co-president after hiring Eric Schmidt.
  • 2004 Google has an initial public offering at $85 a share.
  • 2004 Co-founds philanthropic organization Google.org.
  • 2015 Alphabet holding company structure is announced.