Entrepreneur, Google co-founder, computer scientist
Full name
Lawrence Edward Page
nickname
larry
children
2
company
alphabet inc
How rich is Larry Page?
The Westdeutsche Zeitung has already dubbed Larry Page a “revolutionary bore”. Because although the American is considered a true genius, the extremely rich Larry has the reputation of being just a bore. With his algorithm, on which the Google search engine is based, the computer scientist has achieved a stroke of great luck. Not only him, but also his partner Sergey Brin , with whom he founded Google in 1998, made this a multi-billionaire. Larry Page has an estimated net worth of $102.79 billion .
The entrepreneur was CEO of Google from 1998 – 2001 and from 2011-2015 and after the founding of “Alphabet” Holding 2015 – 2019 as CEO at the helm of the parent company of Google, Deepmind, Calico, Waymo and Co.
Computer science studies at Stanford University
Lawrence Page received his master’s degree in computer science from Stanford University while earning his bachelor’s degree in engineering in Michigan . His wife, Lucy Southworth, also received her degree from the elite university in Palo Alto, California. So the Page family owes a lot to Stanford. After all, the idea for what is now the most well-known search engine in the world was born at this university. After all, the basic idea for Google was initially an important part of a research work by Page and Brin. The two students thought their idea was so ingenious that they registered a patent for it. This turned out to be a very smart move.
Incidentally, there is a good reason why Larry Page only has a master’s degree and not a doctorate like his wife Lucy. After all, the American quickly realized what a great idea he had had and how it would revolutionize the world of the Internet. The academic left his dissertation on hold for precisely this reason, and to this day Larry Page has still not completed his doctoral thesis. The first investor was found in August 1998. Google started with just $100,000 .
The career of the world famous billionaire
Incidentally, when it came to the continued financing of Google Inc., Larry Page took a very different approach than most inventors in Silicon Valley do today. While many start-ups rely on a large venture capital financier, the former Google boss looked for many smaller financiers . Page simply didn’t want to be dependent on a large financier, but wanted to retain as much control over Google Inc.’s operations as possible. The two Google founders therefore still held the majority of the company at the time Google went public.
The IPO took place in August 2004 and made Page a multi-billionaire , at least on paper . After all, the man from Michigan owned around 38 million of the highly coveted Google shares at the time. Especially between 2001 and 2011, under the leadership of CEO Eric Schmidt, rosy times dawned for Google. Because in this decade the company grew into one of the leading IT groups worldwide. From then on, Google no longer had just 200 employees, but the workforce increased to 24,400 people.
Google CEO 2.0 and Alphabet
In 2011, Eric Schmidt joined the board of directors and Page resumed the post as CEO. He remained in this position until the founding of the umbrella organization ” Alphabet Inc. ” in 2015, before Sundar Pichai was sworn in as the new Google CEO. Larry Page switched to the newly founded Alphabet as CEO and now had the patronage of the companies integrated under it, such as Google, Calico, Deepmind, Waymo and Wing. On December 3, 2019, it was announced that founders Larry Page and Sergey Brin would be retiring from active roles. Sundar Pichai will also take on the CEO role of Alphabet in addition to Google.
