What is Larry Page Net Worth?

Larry Page Net Worth in 2024

Larry Page, born on March 26, 1973, in Lansing, Michigan, is a renowned American businessman, computer scientist, and internet entrepreneur. He is best known for co-founding Google with Sergey Brin. Page served as the chief executive officer of Google from 1997 to 2001 and then again from 2011 to 2015. In April 2011, he became the CEO of Alphabet Inc., Google’s parent company, until December 2019. As of March 2024, Larry Page has an estimated net worth of $125 billion according to the Bloomberg Billionaires Index and $122.8 billion according to Forbes, making him the ninth-richest person in the world.

Early Life and Education

Larry Page was born to a family with a background in computer science. His father, Carl Victor Page Sr., was a computer science professor at Michigan State University, while his mother, Gloria, was an instructor in computer programming. Page showed an early interest in technology, with his father introducing him to computers at a young age. He attended the University of Michigan, where he earned a Bachelor of Science in computer engineering and later pursued a Master of Science in computer science at Stanford University.

PhD Studies and Research

During his PhD program at Stanford, Page focused on exploring the mathematical properties of the World Wide Web. Along with fellow student Sergey Brin, he developed the PageRank algorithm, which became the foundation for Google’s search engine. Their research paper on the algorithm, titled “The Anatomy of a Large-Scale Hypertextual Web Search Engine,” gained significant attention and laid the groundwork for Google’s success.

Google Founding and Development

In 1998, Larry Page and Sergey Brin officially incorporated Google, with Page serving as CEO. The company’s mission was to organize the world’s information and make it universally accessible and useful. Under Page’s leadership, Google experienced rapid growth and expansion, culminating in its IPO in 2004. Page’s management style emphasized autonomy for division executives and a focus on collaboration and innovation.

Acquisition Strategy and New Products

Page led Google’s acquisition of Android in 2005, a move that would revolutionize the mobile operating system market. He also oversaw the acquisition of Motorola Mobility in 2011 to bolster Google’s patent portfolio. Page’s approach to acquisitions prioritized usefulness and long-term potential over short-term gains. Additionally, Google introduced new products like the Chromebook under Page’s leadership.

Larry Page’s Second Tenure as CEO

After briefly stepping down as CEO in 2001, Larry Page resumed the role in 2011. He implemented changes to foster a more cohesive team environment and declared a “zero tolerance for fighting” policy. Page also initiated a consolidation process for Google’s products and services, leading to the shutdown of several offerings and a redesign overhaul known as “Project Kennedy.”

Larry Page’s Legacy

Larry Page’s contributions to the tech industry have been monumental, with Google becoming a household name under his leadership. His focus on innovation, collaboration, and user-centric design has shaped Google’s success and influenced the broader technology landscape. As of 2024, Larry Page’s net worth reflects his significant impact on the industry and his position among the world’s wealthiest individuals.

FAQs

1. What is Larry Page’s net worth as of 2024?
As of March 2024, Larry Page’s estimated net worth is $125 billion according to the Bloomberg Billionaires Index and $122.8 billion according to Forbes.

2. What is Larry Page known for?
Larry Page is best known for co-founding Google with Sergey Brin and for his contributions to the development of the PageRank algorithm.

3. When did Larry Page become CEO of Google?
Larry Page first became CEO of Google in 1997 and then again in 2011. He served as CEO until 2015 before transitioning to Alphabet Inc.

4. What is Larry Page’s educational background?
Larry Page holds a Bachelor of Science in computer engineering from the University of Michigan and a Master of Science in computer science from Stanford University.

5. What is Larry Page’s management style?
Larry Page’s management style emphasizes autonomy for division executives, collaboration among teams, and a focus on innovation and user-centric design.

6. What are some of the notable acquisitions made by Google under Larry Page’s leadership?
Under Larry Page’s leadership, Google acquired Android in 2005 and Motorola Mobility in 2011. These acquisitions played a significant role in shaping Google’s product offerings and market presence.