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What is Larry Page’s Net Worth?
Larry Page, co-founder of Google and its parent company Alphabet Inc., has an estimated net worth of $125.7 billion. The majority of Larry’s wealth comes from his stake in Alphabet Inc., the parent company of Google. He owns approximately 6% of Alphabet, including Class B and Class C shares, which grant him significant voting power and control over the company.
In 2006, he was listed with a net worth of $12.8 billion. By 2021, his fortune had surpassed $100 billion. His wealth has continued to increase due to the rising value of Alphabet’s stock and his diversified investments.
Beyond Alphabet, Page has invested in various emerging technologies and philanthropic efforts. He has funded startups in renewable energy, life extension studies, and aerial vehicles, such as Kitty Hawk and Opener.
Here’s the breakdown of Larry Page’s net worth:
Name: | Larry Page |
Net Worth: | $125.7 Billion |
Date of Birth: | Mar 26, 1973 |
Profession: | Entrepreneur, Businessperson, Computer Scientist, Internet Entrepreneur |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Why is Larry Page Richer than Sergey Brin?
Despite being equal co-founders when they first launched Google, Larry Page owns slightly more of the company’s shares than Sergey Brin. According to Alphabet’s latest SEC filings, Larry Page owns around 6% of the company’s outstanding shares, while Sergey Brin owns around 5.7%. This difference in equity ownership is the primary reason why Page’s net worth is higher than Brin’s at any given time.
It’s important to note that together, Page and Brin control the majority of Alphabet’s supervoting Class B shares, granting them over 51% of the voting power in the company despite not having a majority stake in the common Class C shares. This allows them significant influence over Alphabet’s strategic direction and leadership.
Early Life
Larry Page was born on March 26, 1973 in East Lansing, Michigan to parents who were both computer science experts. His father, Carl Victor Page Sr., was a pioneer in computer science and artificial intelligence at Michigan State University, while his mother Gloria taught computer programming.
Page grew up surrounded by technology and science from a young age. He was immersed in computers, taking them apart to understand how they worked, and reading scientific magazines. This early exposure fueled his passion for technology.
Page attended the Okemos Montessori School and later graduated from East Lansing High School in 1991 as an honors student. He then pursued a Bachelor of Science degree in computer engineering at the University of Michigan, where he was a member of the university’s solar car team, reflecting his interest in sustainable transportation technology.
After completing his undergraduate studies, Page enrolled in the computer science graduate program at Stanford University, where he first met and teamed up with Sergey Brin to create the search engine that would eventually become Google.
In 1995, while considering Stanford for graduate school, Page met Sergey Brin, a second-year PhD student who was assigned to show him around the campus. Despite initial disagreements, the two found common ground in their shared interest in the burgeoning World Wide Web and the challenge of extracting meaningful information from it. This partnership led to the development of a new search engine technology that utilized backlinks to rank web pages, a concept that would become the foundation of Google..
Page initially focused on understanding the link structure of the web as a huge graph, inspired by the role of citations in academic publishing. With Brin’s help, they developed “BackRub,” a web crawler that analyzed backlinks to determine the importance of web pages. This project quickly gained traction within the Stanford community, consuming significant network resources and generating buzz among academic researchers..
By 1998, Page and Brin had refined their search engine technology and secured approximately $1 million in financing from investors, family, and friends. They officially founded Google Inc. in September 1998, setting up their first office in a garage in Menlo Park, California, owned by Susan Wojcicki. The name “Google” was inspired by the mathematical term “googol,” reflecting their mission to organize an immense amount of information on the web.
Google’s initial public offering (IPO) on August 19, 2004, was a significant milestone that transformed the company and its founders’ fortunes. The IPO was conducted using a modified Dutch auction, a method chosen to democratize the process and make it more accessible to average investors.
Before the IPO, Larry Page and Sergey Brin each owned nearly 16% of Google, stakes that were expected to be worth more than $3 billion apiece after the IPO. This substantial ownership was a result of their early contributions and the equity they retained as the company grew.
Google’s IPO was priced at $85 per share, giving the company a market valuation of $23 billion. The IPO raised $1.67 billion, with 19,605,052 shares offered, including 14,142,135 floated by Google and 5,462,917 by selling stockholders. The auction-based approach aimed to achieve a fair market valuation and minimize the volatility often associated with traditional IPOs.
The IPO significantly increased the wealth of Google’s founders and early investors. Page and Brin’s stakes were valued at billions of dollars, and many Google employees became instant millionaires. The company’s stock price soared, and Google quickly became one of the most valuable tech companies in the world.
Since the IPO, Google’s stock has performed exceptionally well, with significant returns for early investors. A $1,000 investment in Google stock at the IPO price would be worth over $1.16 million today, reflecting the company’s growth and expansion into various sectors beyond search, including mobile phones, video, and artificial intelligence.
Real Estate and Luxury Assets
Larry Page’s real estate portfolio is as impressive as his net worth. He owns several high-value properties both in the United States and internationally.
Page’s primary residence is a $7.2 million, 9,000-square-foot Spanish Colonial Revival house in Palo Alto, California, which he purchased in 2005. This property is known for its environmentally friendly designs, including solar panels and a rooftop garden. In addition to his Palo Alto home, Page owns a $15 million plantation-style mansion in Charleston, South Carolina.
Page expanded his real estate holdings internationally with the purchase of an $18 million Georgian-style mansion in the United Kingdom in 2021. Page has also invested in an eco-friendly mansion in Palo Alto, which features sustainable designs and technologies.
During the COVID-19 pandemic, Page and his family reportedly moved to Fiji, where they bought at least one private island and potentially several surrounding islands.
Page, along with Sergey Brin and former Google CEO Eric Schmidt, owns several private jets, including a custom Boeing 767-200 and a Dornier Alpha Jet.
In 2011, Page purchased a 193-foot superyacht named “Senses” for $45 million. The yacht features six decks, a gym, and a jacuzzi.
Philanthropy
Page is deeply involved in philanthropic activities, often through the Carl Victor Page Memorial Foundation, named after his father. The foundation focuses on renewable energy, human health, and promoting entrepreneurship worldwide.
Notable contributions include:
- Ebola Epidemic: Page and his wife donated $15 million to combat the Ebola epidemic in West Africa.
- Vocal Cord Research: Page has donated $20 million to research programs at Massachusetts General Hospital to study vocal cord nerve function, a cause close to him due to his own vocal cord condition.
Personal Life
Larry Page is married to Lucinda Southworth, a research scientist. The couple married on December 8, 2007, on Richard Branson’s private island, Necker Island, in a ceremony attended by high-profile guests such as Oprah Winfrey and Donald Trump.
Page and Southworth have two children, born in 2009 and 2011. The family maintains a high level of privacy, and little is known about their children’s identities.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
