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Larry Page Net Worth: Is Larry Page a Billionaire?


David Mudd

Larry Page is an American entrepreneur who is worth a billion dollars thanks to the fact that he started the company Google.

The most famous accomplishment of Larry Page is his role as co-founder and former CEO of the web behemoth Alphabet. Alphabet is the parent company of multiple subsidiary companies, one of which being the search engine Google. While each of them was pursuing their Ph.D. degrees at Stanford, Larry Page and Sergey Brin founded Google together.

In the Beginning

On March 26, 1973, Larry Page was born in East Lansing, Michigan, which is best known as the location of Michigan State University. It has been said that his grandfather, Carl Victor Page Sr., was a pioneer in the field of computer science.

In his early years, Larry enjoyed tinkering with computers and constructing various contraptions. Between the years 1975 and 1979, he was a student at Okemos Montessori School. Following that, he received his diploma from East Lansing High School in the year 1991.

While Larry was still in high school, he spent two summers at an art camp known as the Interlochen Center for the Arts, where he focused on improving his skills on the saxophone. At the University of Michigan, where he studied computer engineering during his undergraduate career, he was awarded the degree of Bachelor of Science.

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Stanford University and the Birth of Google

After receiving his degree in computer science from the University of Michigan, Larry decided to pursue further education in the field at Stanford University. He is required to select a topic for his dissertation as part of the curriculum.larry page net worth

In the end, he came to the conclusion that he wanted to investigate the mathematical characteristics and link structure of the World Wide Web. The most important insight that he had was that one could determine the quality of a website by looking at the number of backlinks that it received from other websites. This revelation was a reflection of how citations are used to determine quality in the academic world.

In the end, another PhD student by the name of Sergey Brin joined forces with Larry to work on the idea, which was eventually given the moniker “Backrub.” They collaborated to produce a study that was published under the title “The Anatomy of a Large-Scale Hypertextual Web Search Engine.”

Their study quickly became the scientific document that had the most downloads in the history of the internet up until that point.

Next, they used the Backrub web crawler to construct an algorithm that assigned a quality score to each and every website that is present on the internet. They decided to give this algorithm the moniker “PageRank,” which is a play on Larry’s last name as well as a reference to the pages of the internet.

After the design of a crawler and an algorithm, the development of a search engine to display the results seemed like the next natural step.

In 1998, Larry and Sergey founded Google as a privately held company after effectively being expelled from the university for abusing an excessive amount of the institution’s computer resources.

The first name that was ever registered for this website was “Googol,” which is a number composed of a single digit followed by a hundred zeros. They got their start with an investment of one hundred thousand dollars from one of their teachers at Stanford, David Cheriton. The initial investment of $100,000 made by Cheriton would grow to be worth more than $2.3 billion over time.

Personal Affairs

Since 2007, Larry’s marriage to Lucinda Southworth has been a happy and successful one. They chose to get married on Necker Island, which is owned privately by Richard Branson. They are the parents of two children as a couple. Their primary property is a mansion in Palo Alto, California, which he purchased in 2005 for a price that came to $7.2 million. It has 9,000 square feet. The Pages started purchasing and demolishing most of the houses that were located in the neighborhood around their primary residence in 2009.

In 2011, Larry shelled out $45 million to purchase a yacht with a length of 193 feet called Senses.

In the midst of the COVID-19 outbreak, Larry and his family are said to have relocated to Fiji, where they subsequently purchased at least one whole private island and maybe numerous islands in the surrounding area.

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Google IPO

On August 20, 2004, Google became a publicly-traded company under the leadership of CEO Eric Schmidt. Schmidt had been brought in to transform the company into a legitimate enterprise.

Before Larry took over as CEO in 2011, Schmidt had served in that capacity since the company’s founding. He held the position of CEO until December 2019, when he and Sergey both decided to stand down from their roles with the company.

They continue to control a majority of the business and are on the board, but neither one of them works for the company on a day-to-day basis. Sundar Pichai took over as CEO after he was ousted. Revenue for the corporation currently tops more than 130 billion dollars annually.larry page net worth

Net Worth

As of the time this article was written, Larry Page’s net worth was estimated to be $103 billion.

He is currently one of the wealthiest persons in the world as well as one of the wealthiest internet entrepreneurs in the history of the internet. In 2004, Larry Page was awarded the Maxim Foundation Prize as well as received an honorary MBA from IE Business School. Other professional groups have also recognized Larry Page for his achievements (the highest award available in the field of engineering).

In addition to that, he is a Fellow of the Marconi Foundation at Columbia University, and he just received an honorary Doctor of Philosophy degree from the University of Michigan. Page, along with Google co-founder and close friend Sergey Brin, is deeply involved in a wide variety of charitable activities. A Brief Account of Larry Page’s Wealth

Because of his roughly 6 percent investment in Alphabet, Larry Page has a net worth of $103 billion attributable to the company. As a result of their ownership of super-voting shares, Larry and Sergey have control over 51% of the voting rights in the corporation. Since the first public offering of the firm in 2004, Larry has disposed of almost $9 billion worth of shares in both Alphabet and Google.

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Page is the owner of shares in Alphabet’s Class A, Class B, and Class C, with his holdings encompassing 20 million shares of the company’s Class C stock. The Carl Victor Page Memorial Fund, which is part of Larry’s family foundation, has jurisdiction over assets valued at more than one billion dollars’ worth that were contributed by Larry.