Larry Page, co-founder and board member of Alphabet Inc., parent company of Google, has seen a remarkable surge in his net worth in 2023. According to Bloomberg, his fortune increased by $9.4 billion, marking him as one of the biggest wealth gainers this year. As of June 2023, Larry Page’s net worth was estimated to be a staggering $112 billion, placing him as the eighth-richest person globally.
This substantial increase in wealth is primarily attributed to the strong performance of Alphabet’s stock and Page’s significant stake in the company. It’s noteworthy that Larry Page isn’t alone in this colossal wealth jump; tech moguls like Mark Zuckerberg have also witnessed similar financial growth this year.
| Date | Net Worth |
|---|---|
| June 2023 | $112 billion |
| September 27, 2023 | $122 billion |
| 1998 | Co-founded Google |
| 2015-Present | Board member of Alphabet Inc. |
In 2023, Larry Page observed a significant rise in his financial stature. He found himself in the esteemed company of billionaires like Mark Zuckerberg, who saw an increase of $61.9 billion in his wealth. This surge in wealth is a testament to the tech industry’s robust growth and the pivotal role Larry Page plays in it.
Larry Page, along with Sergey Brin, founded Google in 1998, transforming it from a Stanford dorm project to a global powerhouse. Larry’s vision and innovation have been fundamental in shaping Google’s journey. Notably, his considerable net worth was instrumental in securing favorable terms on loans and insurance in Google’s early days.
The majority of Larry Page’s fortune comes from his substantial stake in Alphabet Inc. Owning Class B and C shares, he holds about 6% of the company. The continuous and strong performance of Alphabet’s stock is a key contributor to his escalating net worth.
By June 2023, Larry Page had amassed a net worth of $112 billion, according to the Bloomberg Billionaires Index. This astonishing figure secured him a spot as the eighth-richest individual in the world.
Larry Page stands as the seventh richest person worldwide according to Bloomberg. His financial standing is notably close to other billionaire magnates such as Warren Buffett and Jeff Bezos, reflecting the competitive nature of the billionaires’ list.
In just one week leading up to June 2023, Larry Page experienced a wealth increase of $9.4 billion. This remarkable gain underscores the success of Alphabet and the value of Larry Page’s stake in the company.
Forbes and Bloomberg have consistently recognized Larry Page as one of the richest and most influential people globally. He has earned spots on the Forbes 400 list and the list of Powerful People. Bloomberg has also acknowledged the majority of his wealth stemming from his Alphabet stake.
Larry Page’s net worth has witnessed an extraordinary increase in 2023, establishing him as one of the year’s biggest wealth gainers. His instrumental role in Alphabet Inc. and Google’s success has positioned him among the wealthiest and most influential entrepreneurs globally.
FAQs:
Q: How much did Larry Page’s net worth increase in 2023?
Larry Page’s net worth increased by $9.4 billion in 2023.
Q: What is Larry Page’s ranking according to Bloomberg?
He is the seventh richest person in the world according to Bloomberg.
Q: What is the main source of Larry Page’s wealth?
The main source of his wealth is his significant stake in Alphabet Inc.
Q: When did Larry Page co-found Google?
Larry Page co-founded Google in 1998 with Sergey Brin.
