Larry Page Net Worth 2022 (Forbes) – Salary, Income, Wife

Larry Page Net Worth

Larry Page has an estimated net worth of $95 Billion. Larry Page is an internet entrepreneur and computer scientist who teamed up with grad school buddy Sergey Brin to launch the search engine Google in 1998. Most of Page’s fortune comes from his stake in Alphabet, the parent company of Google. The billionaire owns Class B and C shares which give him about 6% of the company. 

Larry Page was born in Michigan in 1973 to parents who were both computer experts. Following in their footsteps, he attended Stanford University and studied computer engineering, where he met Sergey Brin. After launching in 1998, the duo created a search engine that ranked results based on the popularity of the pages.

With Page as CEO, Google quickly became the world’s most popular search engine. Page and Brin later took over as CEOs of Google’s new parent company, Alphabet, until they retired in late 2019.

To calculate the net worth of Larry Page, subtract all his liabilities from her total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.

All debts, such as personal loans and mortgages, are included in total liabilities. 

Here’s the breakdown of his net worth:

Name: Larry Page
Net Worth: $95 Billion
Monthly Salary: $500 Million
Annual Salary: $8 Billion
Source of Wealth: Businessperson, Computer Scientist, Internet Entrepreneur

Learn More: Top 30 Richest People In The World

Early Life and Education

Lawrence Page was born in East Lansing, Michigan, on March 26, 1973. Carl Page, his father, was a computer science and artificial intelligence pioneer, and his mother taught computer programming.

After receiving a Bachelor of Science in engineering from the University of Michigan, Page decided to pursue graduate studies in computer engineering at Stanford University, where he met Brin.

Creating Google With Sergey Brin

Page and Brin created a search engine that listed results based on the popularity of the pages as a research project at Stanford University, after concluding that the most popular result would often be the most useful.

To reflect their mission of organizing the vast amount of information available on the web, they named the search engine “Google” after the mathematical term “googol,” which refers to the number one followed by 100 zeros.

In 1998, the pair founded the company after raising $1 million from family, friends, and other investors. Google has since surpassed Yahoo as the most popular search engine, with an average of 5.9 billion searches per day in 2013. Google, headquartered in the heart of California’s Silicon Valley, went public in August 2004, making Page and Brin billionaires.

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Evolving Conglomerate

Google paid $1.65 billion in stock in 2006 to acquire YouTube, the most popular website for user-submitted streaming videos.

Page was ranked 13th on the Forbes 400 list of America’s wealthiest people in September 2013. He was ranked No. 17 on Forbes’ 2013 “Most Powerful People” list in October. Page shared responsibility for Google’s operations as CEO with Brin, who served as Google’s director of special projects, and Eric Schmidt, the company’s executive chairman.

In 2015, Page and Brin announced the formation of Alphabet, a new parent company to oversee Google and its subsidiaries. Page and Brin were named CEO and President of Alphabet, respectively, with Sundar Pichai taking over as Google’s top executive.

Diminishing Presence and Company Exit

The restructuring allowed Page and Brin to step back from the day-to-day operations of the company they founded, and the CEO was noticeably absent from Alphabet’s meetings and quarterly earnings calls.

In 2018, Page refused to testify before the Senate Intelligence Committee during hearings on the use of Big Tech to meddle in foreign elections, and he was chastised for providing a $90 million exit package to a former senior executive accused of sexual misconduct.

On December 3, 2019, Page and Brin announced their resignations as CEO and President of Alphabet, handing over the reins to Pichai. However, as Alphabet’s largest individual shareholders, the duo were expected to retain their influence over the company’s direction.

Autonomous Air Taxi

In March 2018, it was announced that Kitty Hawk, a company founded by Page, had reached an agreement with New Zealand officials to begin the certification process for a fully electric, self-piloting flying taxi.

Kitty Hawk had been testing its Cora aircraft over New Zealand since October of the previous year. With companies like Boeing, Airbus, and Uber looking to break into the burgeoning air taxi industry, Kitty Hawk hopes to have a commercial network of vehicles up and running by 2021.

Learn More: Top 30 Richest People In The World

Personal Life & Wife

Page has been married to research scientist Lucinda Southworth since 2007. The couple has two children.

House

Larry spent $45 million on the 193-foot Senses yacht in 2011.

Larry and his family reportedly moved to Fiji during the COVID -19 pandemic, where they purchased at least one entire private island and possibly several surrounding islands.

Larry Page Quotes

My job as a leader is to make sure everybody in the company has great opportunities, and that they feel they’re having a meaningful impact and are contributing to the good of society. As a world, we’re doing a better job of that. My goal is for Google to lead, not follow that.

 

The ultimate search engine would basically understand everything in the world, and it would always give you the right thing. And we’re a long, long ways from that.

 

Invention is not enough. Tesla invented the electric power we use, but he struggled to get it out to people. You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people.

 

If we were motivated by money, we would have sold the company a long time ago and ended up on a beach.

 

You may think using Google’s great, but I still think it’s terrible.

 

I think it is often easier to make progress on mega-ambitious dreams. Since no one else is crazy enough to do it, you have little competition. In fact, there are so few people this crazy that I feel like I know them all by first name.

View our larger collection of the best Larry Page quotes.

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