How Larry Page Became a Billionaire with Search

On March 26 in the year 1973, one of the richest men in the technology industry was born in Michigan USA. His name is Lawrence Edward Page, the co-founder of Google, now the search subsidiary of Alphabet. His net worth as of August, 2021 was $118.7 billion, the #8 highest according to forbes.com.

Larry Page
Larry Page (Credit: Facebook Page)

As a child, Larry Page read lots of computer books. He went on to study engineering at the Michigan State University where his father was a computer professor and his mother was an instructor. He graduated in 1995 and proceeded to Stanford for his Doctor of Philosophy (PhD) degree. In 1996, he met and befriended Sergey Brin while doing a project on Search. In 1998, the two dropped out of university to focus on establishing Google which they incorporated later that year. Much of the $100,000 initial capital was provided by investor Andy Bechtolsheim.

In 2004, google held its IPO and at the end of opening day, it was worth $27 billion. Two years after, the company acquired youtube for $1.6 billion. Since then, the company invested in new products and services such as Android operating system for smartphones, Google Chrome browser, cloud storage, social networking (Google+), driverless cars, Google Pixel smartphone, Home smart speaker, Wifi mesh wireless router, and Daydream View virtual reality headset.

In 2011, Larry Page took over as CEO of Google. In 2015, Google was reorganized and became a subsidiary of Alphabet. Larry Page resigned as CEO of Google and became the CEO of Alphabet but later gave way to Sundar Pichai.

Larry Page has a child with his wife Lucinda. According to the 2021 Fortune Global 500 list, Alphabet was ranked #21 in revenues ($161 billion). As of August 2021, it has a market capitalization of $1.82 trillion, second only to Apple which has $2.48 trillion in market capitalization.

References
https://www.forbes.com/profile/larry-page/
https://www.bloomberg.com/billionaires/profiles/lawrence-e-page/
http://www.businessinsider.com/larry-page-google-alphabet-life-photos-2017-1

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