Google’s co-founders lost almost $2 billion each after Alphabet reported lower than expected revenue. Here’s how they built a combined $127 billion fortune and how they spend it.Who is the owner of google now.
- Google co-founders Larry Page and Sergey Brin each lost nearly $2 billion from their net worth after the search engine’s parent company reported lower than expected fourth-quarter revenue on Monday.
- Brin and Page announced that they were stepping down from their roles at Alphabet in December.
- With a reported net worth of $64.6 billion, former Alphabet CEO Larry Page is the seventh-richest person in the world according. Former Alphabet president Sergey Brin is No. 10, with a reported net worth of $62.3 billion.
- The pair of multibillionaires spend their fortunes on sprawling estates and trapeze lessons.
Larry Page and Sergey Brin may have only taken salaries of $1 during their time at Google, but they’re still two of the richest people in the world.
Page and Brin are a bit less rich after the search engine’s parent company reported lower than expected fourth-quarter revenue on Monday. Page’s net worth fell $1.9 billion, while Brin’s dropped $1.8 billion, according to Forbes.
Both Page and Brin are among Alphabet’s largest shareholders, valuing their combined fortune at $126.9 billion, according to the Forbes Billionaires List. In December, the billionaire pair announced they were stepping down from their posts atop Alphabet, writing that the company was “well-established” and “no longer need two CEOs and a president.“
Here’s a look at how Page and Brin made and spend their fortunes. And the question everybody is asking, who is the owner of google now?
Sergey Brin and Larry Page founded Google (now owned by parent company Alphabet) in 1998 in a garage in Menlo Park, California.
In a letter in December, the billionaire duo announced that they would be stepping back from their roles as CEO and president of Alphabet.
“We’ve never been ones to hold on to management roles when we think there’s a better way to run the company,” the letter reads. “And Alphabet no longer needs two CEOs and a President.” Google CEO Sundar Pichai will be taking over as the CEO of Alphabet.
Source: Business Insider