Info-Tech

Google founders Larry Page and Sergey Brin are now worth more than $100 billion, making them 2 of only 8 centibillionaires in the globe

The main and most used “Google” of Tech Giant, its co-founders Larry Page and Sergey Brin are now worth more than $100 billion, all thanks to the surge in tech stocks. 

And now they entered into the billionaire club, joining six other current centibillionaires: Amazon CEO Jeff Bezos, Microsoft Co-founder Bill Gate, Tesla CEO Elon Musk, Facebook CEO Mark Zuckerberg, and Berkshire Hathaway CEO Warren Buffett.  

Larry Page is valued at $103.6 billion, while Brin is valued at $100.2 billion, according to Bloomberg’s Billionaire Index estimates.

In addition, Brin’s fortune grew by $20.4 billion in the year to April 2021. In addition, Page grew by $21.2 billion, according to calculations. Technical stocks have been rising rapidly since the onset of the pandemic, and all those who were in Google’s parent company. Alphabet increased by more than 80 percent in 2020. 

The two companies hold total control shares in Alphanet, with over 50 percent of the total votes among them. In the 4th quarter of 2020, the giant brought in $46.43 billion in revenue, eliminating acquisition costs, which went from $37.57 billion a year ago. And later, it was credited to people using YouTube and Google searching over during the global pandemic by Alphabet. 

Back in Time! 

Larry Page and Sergey Brin commenced working on Google in 1996 while they were Ph.D. students at Stanford University alongside one more unofficial “third founder” who left before it became an official entity. And today, it is the most used and reliable site in the world. 

Later, after years of effort and hard work, in 2015 the pair founded holing firm Alphabet to manage both Google and its several subsidiaries namely Waymo, DeepMind, Sidewalk Labs, and more. And it was then that Sergey Brin became the chairman of the newly founded portfolio company and Page became its CEO. 

And then came the moment that Page named Sundar Pichai to take over as Google’s CEO.  

According to Hugh Langley, Business Insider, in 2019, the two co-founders announced their intention to step back from Alphabet and named Sundar Pichai CEO. The CEO always consults with the cofounders on a regular basis, although they have adopted a non-interventionist approach. 

In the past, Page and Brin took out $1 wages during their time at Google. In addition to everything else, spending a fortune on many things, they also conducted a $40 million round of investment in Elon Musk’s Tesla in 2006.

Note: This news is based on millions of articles over the internet, Global Business Line does not take any responsibility for the facts and information mentioned in this news article.

Content Protection by DMCA.com

Check Also
Close
Back to top button

Adblock Detected