| net worth: | $122.1 billion |
|---|---|
| age: | 51 |
| date of birth: | March 26, 1973 |
| gender: | male |
| high: | 1.70 m (5 ft 7 in) |
| country of origin: | USA |
| Source of wealth: | entrepreneur |
| Last updated: | July 27, 2024 |
What is Larry Page’s Net Worth?
introduce
Larry Page is an American entrepreneur and computer scientist who co-founded the massive search engine Google.
Google has become an integral part of the daily lives of billions of people and provides numerous Internet products and services.
This super company was co-founded by Larry Page and Sergey Brin in 1998 with the goal of improving people’s daily lives and making technology easily accessible to everyone.
As of July 2024, Larry Page’s net worth is $122.1 billion.
early life
Larry Page was born on March 26, 1973, in East Lansing, Michigan, to Carl and Gloria Page.
His parents are both computer science professors, and his home was filled with computer science magazines when he was a child.
At 12, he realized he wanted to start his own company.
He attended East Lansing High School and graduated in 1991.
He received a BS in Computer Engineering from the University of Michigan and an MS in Computer Science from Stanford University.
Profession
Page joined Stanford’s PhD program with his thesis, which explored the mathematical properties of the World Wide Web as a large graph.
Terry Winograd encouraged his supervisor to pursue the idea and co-authored “The Anatomy of a Large Hypertext Web Search Engine.”
He developed the PageRank algorithm to measure the importance of web pages, and during that time he met researcher Sergey Brin.
Larry used his dorm room as a lab and Brin’s dorm room as an office and programming center, and launched Google on the Stanford University website in 1996.
He considered working on telepresence and self-driving cars, but ultimately made the more pragmatic choice of indexing the internet and making money.
BackRub Launch
In 1996, Larry and Sergey built their first search engine, “BackRub,” which ran exclusively on Stanford servers for a few months.
After publishing, the two focused on finding web pages that linked to a given page, believing that backlinks were valuable.
They were influenced by the role of citations in scholarly publishing and decided to incorporate it into their new search engine.
The two partners decided to turn their idea into reality and contacted Andy Bechtolsheim, co-founder of Sun Microsystems.
He played a major role in launching the business, wrote them a check for $100,000, and by 1997, BackRub had indexed 75.23 million HTML URLs.
In addition to Andy’s $100,000, the two raised funds from faculty, staff, family and friends, ultimately raising enough seed money for their startup.
Renamed to Google
When the company finally became operational in 1998, its name was changed to the one that is still memorable today – Google.
The partners founded Google in 1998, initially named “Googol,” and Larry appointed himself as Google’s first CEO.
Google’s original mission was to organize the world’s information and make it universally accessible and useful, and it has accomplished more than its partners could have imagined.
They moved into offices in Mountain View in early 2000, and by June 2000, Google had indexed 1 billion Internet URLs.
Larry, who has a notably autocratic management style, tried in 2001 to get rid of all project managers in an effort to streamline engineering oversight.
However, they saw a need for business experience and in 2001 hired Eric Schmidt as CEO, with Page as president of products.
Become a millionaire instantly
In 2004, the site launched social networking site Orkut and Google Desktop Search, and later that year held an initial public offering that made them millionaires.
The duo launched Google Maps, Google Reader, and Blogger Mobile in 2005, and the company even acquired YouTube and Android.
In 2007, Google signed agreements with Salesforce.com and China Mobile to allow students in Rwanda and Kenya to benefit from Google’s educational programs.
The latest version of Google Earth, Google Sites, was released in 2008, followed by Google Latitude (another version of Google Earth) and Google Ventures.
Google Apps Marketplace was developed in 2010, and in 2011, Eric Schmidt was named executive chairman and Larry Page was the new CEO.
Larry now focuses on ambitious projects like Google X, Calico, and smart home automation, and has launched “Project Kennedy” for a comprehensive design overhaul.
Next, in response to Mark Zuckerberg and Facebook’s growth, Google launched Google+ and acquired Motorola Mobility in 2011 for $12.5 billion.
Resigned as CEO
Looking at the hardware market, Page launched the Chromebook in May 2012 and founded Alphabet Inc. in 2015, serving as CEO himself.
Larry stepped down as CEO of Alphabet in December 2019 and has invested in Tesla Motors and other renewable energy technologies alongside Elon Musk.
He has backed startups such as Opener and Kitty Hawk, which are developing consumer flying machines, and helped found the transhumanist think tank Singularity University.
Page is currently interested in the socioeconomic effects of advanced intelligent systems and is promoting the idea of achieving abundance through technology.
Estimated Net Worth
As of July 2024, Larry Page’s net worth is $122.1 billion, making him one of the richest people in the world.
Larry Page’s net worth over time
| Year | net worth |
|---|---|
| 2009 | $11 billion |
| 2010 | $17.5 billion |
| 2011 | $19.8 billion |
| 2012 | $18.7 billion |
| 2013 | $28.3 billion |
| 2014 | $32.3 billion |
| 2015 | $29.7 billion |
| 2016 | $35.2 billion |
| 2017 | $40.7 billion |
| 2018 | $48.8 billion |
| 2019 | $50.8 billion |
| 2020 | $50.9 billion |
| 2021 | $91.5 billion |
| 2022 | $111 billion |
| 2023 | $79.2 billion |
| 2024 | $122.1 billion |
emphasize
Here are some highlights from Larry Page’s career:
- MIT Technology Review 2002, TR100 (list of top innovators)
- 2004 Marconi Foundation’s highest award in the field of engineering
- Larry Page and Sergey Brin ranked fifth on Forbes’ 2009 list of the world’s most powerful people
- 2008 Princess of Asturias Award, Communication Award
Larry Page’s Favorite Quotes
“Always exceed expectations.” – Larry Page
“If you’re changing the world, you’re doing something important. You’ll get up in the morning excited.” – Larry Page
“For a lot of companies, it’s useful for them to feel like they have a clear competitor and rally around it. I personally think it’s better to aim higher. You don’t want to just look at your competitors. You want to look at what’s possible and how you can make the world a better place.” — Larry Page
Check out our extensive collection of the best Larry Page quotes!
Summary
Larry Page is an extremely wealthy man today because he created the super company Google, which is used by billions of people every day.
As of 2020, Larry Page’s net worth is estimated to be $122.1 billion.
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Categories: Net Worth
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