Alphabet’s New Boss Means $2 Billion for Departing Founders

Sundar Pichai replaces Larry Page as Alphabet chief executive
Three most valuable U.S. tech firms no longer run by founders

Larry Page and Sergey Brin are stepping down from their roles at Alphabet.Markets: What’d You Miss?" (Source: Bloomberg)

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By Tom Metcalf

December 4, 2019 at 2:14 PM UTC

Updated on

December 4, 2019 at 9:48 PM UTC

This article is for subscribers only.

Larry Page and Sergey Brin just got a $2.3 billion retirement gift from investors.

The Google co-founders, who announced Tuesday they were stepping down from day-to-day management of parent Alphabet Inc., added more than $1 billion each to their net worth today as the firm’s shares rose 1.9% in New York.