Basic Information About Larry Page
|Category||Business › Billionaires|
|Professions||Entrepreneur, Businessperson, Computer Scientist, Internet Entrepreneur|
|Date of birth||1973-03-26 (50 years old)|
|Place of birth||East Lansing|
|Nationality||United States of America|
|Height||5 ft 11 in (1.81 m)|
|Social Media||↗︎ Wikipedia|
The Extraordinary Journey of Larry Page
Larry Page, an American billionaire entrepreneur, is a name that needs no introduction. As the co-founder of Google, Page has revolutionized the digital landscape and left an indelible mark on the world. Today, he is not only one of the richest individuals globally but also a pioneer, philanthropist, and visionary. Let’s dive into the net worth details, biography, and remarkable achievements of this incredible personality.
Net Worth Details
Larry Page has amassed an astounding net worth of $106 billion. His journey to becoming one of the wealthiest individuals began with the founding of Google, which quickly grew to become a global tech giant. Page’s stake in Google’s umbrella parent company, Alphabet, amounts to approximately 6%, giving him considerable control over the company’s direction. In addition to his Google shares, he has sold around $9 billion worth of Alphabet and Google shares since their initial public offering in 2004.
Moreover, Larry’s family foundation, the Carl Victor Page Memorial Fund, manages assets worth more than $1 billion that have been generously donated by him. His commitment to philanthropy showcases his desire to make a positive impact on society and improve the lives of others.
What is Larry Page known for?
Larry Page is renowned as a tech pioneer and the co-founder of Google, one of the most influential companies in the world. His relentless pursuit of innovation and commitment to user-friendly technology have shaped how we interact with information today.
Early Life and Education
Born on March 26, 1973, in East Lansing, Michigan, Larry Page exhibited his passion for technology from a young age. Growing up, he tinkered with computers and displayed a natural aptitude for building inventions. He attended the University of Michigan, where he obtained a Bachelor of Science in computer engineering.
Page’s thirst for knowledge didn’t stop there. He pursued further studies in the prestigious computer science program at Stanford University. It was during his time at Stanford that he embarked on a life-changing journey that would shape the future of technology.
Creating Google with Sergey Brin at Stanford
While pursuing his Ph.D. at Stanford, Larry Page’s path intertwined with that of Sergey Brin, another visionary with a passion for technology. Together, they embarked on an extraordinary journey to revolutionize internet search engines, which ultimately led to the creation of Google.
Page’s major breakthrough came with his realization that a website’s quality could be evaluated based on the number of backlinks it received from other websites. This groundbreaking revelation formed the basis for their algorithm called “PageRank,” a core component of Google’s search engine. With an innovative web crawler and a robust algorithm, they developed an efficient way to rank websites and deliver search results like never before.
Incorporated as a private enterprise in 1998, Google initially started with a $100,000 investment from one of their Stanford professors, David Cheriton. The company’s name, derived from “Googol,” symbolizes the vast quantity of information they aimed to organize and make accessible to users worldwide.
Through their relentless commitment to innovation, Larry Page and Sergey Brin catapulted Google to unimaginable heights, fundamentally transforming how we navigate the digital sphere.
The Google IPO and Beyond
Google’s initial public offering (IPO) on August 20, 2004, marked a significant milestone in its growth. With Eric Schmidt as CEO, the company presented itself as a professional business, propelling its development into a global powerhouse. Schmidt led the company until 2011 when Larry Page reassumed the role of CEO, overseeing Google’s exponential growth and diversification into various fields.
Under Page’s leadership, Google expanded its reach into areas such as artificial intelligence, cloud computing, and autonomous vehicles. The reshaping of Google into Alphabet Inc. in 2015 further showcased Page’s dedication to innovation and his ability to adapt to changing technology landscapes.
Today, Larry Page is actively engaged in a multitude of endeavors that transcend the boundaries of traditional roles. Though he stepped down from his day-to-day role at Alphabet in December 2019, Page continues to shape the company’s direction as a prominent board member and major shareholder.
In addition to his immense entrepreneurial success, Larry Page’s achievements have earned him recognition and numerous accolades throughout his career.
He was bestowed an honorary MBA from IE Business School and received the Maxim Foundation Prize in 2004, an esteemed award in the field of engineering. Furthermore, he is a Fellow of the Marconi Foundation at Columbia University, a testament to his remarkable contributions to the advancement of technology.
Page’s philanthropic endeavors are also worth highlighting. Together with Sergey Brin, he actively supports various causes and initiatives aimed at making a positive impact on the world. These include efforts focused on improving education, healthcare, and environmental sustainability.
The Man Behind the Success
Personal Life and Real Estate
Beyond his groundbreaking accomplishments in the tech world, Larry Page enjoys a fulfilling personal life. He tied the knot with Lucinda Southworth in 2007, and the pair has two children together.
In terms of real estate, Page maintains a primary residence in Palo Alto, California. The sprawling 9,000 square-foot property, purchased in 2005 for $7.2 million, serves as the epitome of luxury and sophistication. Moreover, Page has demonstrated his penchant for the finer things in life by acquiring substantial assets such as a 193-foot yacht named Senses.
Larry Page’s journey from computer enthusiast to tech mogul is a testament to his visionary mindset, perseverance, and commitment to innovation. As one of the richest individuals and most influential figures in the world, he continues to inspire future generations to challenge boundaries and push the boundaries of technological advancements.