Larry Page is an American business magnate, computer scientist and internet entrepreneur. He is best known for co-founding Google.
Larry Page | About him
Larry Page, born March 26, 1973 in East Lansing, Michigan, USA, is an American computer scientist and entrepreneur who co-founded Google, one of the most popular websites on the Internet, with Sergey Brin.
Larry Page, whose father was a computer science professor at Michigan State University, earned a computer engineering degree from the University of Michigan in 1995 and enrolled in Stanford’s doctoral program, where he met Brin. The idea of improving the ability to extract meaning from the massive amount of data accumulated on the Internet piqued their interest. They developed a new type of search engine technology from Page’s dorm room, leveraging Web users’ own ranking abilities by tracking each site’s “backing links”—that is, the number of other pages linked to them.
Larry Page Success Story
Larry Page and Brin raised about $1 million in outside funding for their search engine from investors, family, and friends. They named their expanded search engine Google, which is a misspelling of the word googol (a mathematical term for the number 1 followed by 100 zeros). By September 1998, the two had established Google Inc., with Page serving as CEO (CEO). Google received $25 million in venture capital funding the following year and was processing 500,000 queries per day.
In 2001, Page stepped down as CEO to become president of products. Eric Schmidt, a technology executive, took over as CEO in his place. However, he and Brin remained deeply involved in the running of Google. By 2004, the search engine was used 200 million times per day. On August 19, 2004, Google Inc. went public, earning Page more than $3.8 billion in the process. Google purchased YouTube, the most popular Web site for user-submitted streaming videos, for $1.65 billion in stock in 2006, reflecting the company’s efforts to expand its services beyond Internet searches. Schmidt had moved to the position of executive chairman when Page resumed his duties as Google’s CEO in 2011.
In August 2015, Google was restructured as a subsidiary of the newly formed holding company Alphabet Inc., and Page was appointed CEO of Alphabet. Page left that position in December 2019, but remained on Alphabet’s board of directors.
Larry Page Net Worth
Larry Page’s net worth is $85 billion as Nov 21,2022 as a result of his approximately 6% stake in Alphabet. Larry and Sergey control 51% of the voting rights in the company thanks to super-voting shares. Larry has sold approximately $9 billion in Alphabet and Google stock since the company’s IPO in 2004. Page owns Alphabet Class A, Class B, and Class C stock, as well as 20 million shares of Alphabet Class C stock. Larry’s family foundation, the Carl Victor Page Memorial Fund, is in charge of more than $1 billion in assets donated by Larry.
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Larry Page Wife
However, few people are aware of his better half, Lucinda Southworth, the ravishing beauty with a brain who has stood by her husband through all of his professional and personal endeavors. The blonde beauty complements Larry in every way, and the couple’s nearly decade-long marriage saw Lucinda, who has a graceful and elegant personality, accompany Larry on many occasions and events. The couple who exemplifies true love and affection has two adorable children.By profession Lucinda is a scientist and researcher who is presently pursuing her PhD in biomedical informatics at the ‘Stanford University’ after completing graduation from the ‘University of Pennsylvania’ and obtaining Masters degree in Science from the ‘University of Oxford’.
Lucinda Southworth is the epitome of beauty with brains. She has not only thrived in obtaining high qualifications for herself from prestigious universities, but she has also garnered attention for her intellect and extremely classy and pleasant personality.
She, like her father, chose to pursue higher education and attended the ‘University of Pennsylvania,’ a private Ivy League research university in Philadelphia, Pennsylvania, where she graduated. Following that, she attended the prestigious collegiate research university, the ‘University of Oxford,’ where she earned a Masters degree in Science. Her educational pursuits then led her to the renowned private research university, Stanford University, in Stanford, California, where she is currently pursuing her PhD studies in biomedical informatics. Her research includes a comparison of data expression in Eukaryotic Organisms.
Her involvement in various welfare and charitable activities reveals the philanthropic side of this prominent researcher and wife of one of the most influential entrepreneurs. She has never shied away from serving the world, whether it is through medical work in South Africa or donating $15 million to help combat the Ebola virus epidemic in West Africa through their family foundation ‘Carl Victor Page Memorial Fund’ in November 2014.
Larry Page House
He and his wife, Lucinda Page, live in a large mansion in Palo Alto, California. They are said to own the private Caribbean island of Eustatia. Eustatia Island is a 30-acre Caribbean island off the coast of the British Virgin Islands.
All of the homes on the island have a large solar system. The system supplies the island with all of its electrical needs. It accomplishes this through solar conversion.
He also owns a New York penthouse, which he purchased in 2008.
- Larry Page stepped down as CEO of Alphabet, the parent of Google, in December 2019 but remains a board member and a controlling shareholder.
- He cofounded Google in 1998 with fellow Stanford Ph.D. student Sergey Brin.
- With Brin, Page invented Google’s PageRank algorithm, which powers the search engine.
- Page was CEO until 2001, when Eric Schmidt took over, and then from 2011 until 2015, when he became CEO of Google’s new parent company Alphabet.
- He is a founding investor in space exploration company Planetary Resources and is also funding “flying car” startups Kitty Hawk and Opener.
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Frequently Asked Questions?
Yes Larry Page is richer than Sergey Brin as per the Forbes, But there is not much difference. Very Close in Wealth.
Larry Page and Sergey both hold the 51% Combined in Alphabets and Less than 12% in Google.
Google monetized its search engine capabilities through Google Adwords, an online platform that enables the company to earn revenue through pay-per-click advertising.
Amit Singhal Re-wrote the Google algorithm that was earlier created by Larry Page.