Lawrence “Larry” Page is the co-founder of multinational technology company, Google.
Together with Sergey Brin, Page co-founded Google in 1998 as a college research project, growing the search engine into one of the most valuable companies in history. Page and Brin maintain controlling shares of Google’s parent company, Alphabet, and rank among the world’s wealthiest people.
While pursuing his Ph.D in computer science at Stanford University, Page met Brin and they teamed up on a project to determine the importance of a research paper based on the number of citations in other papers. Realizing they could do the same for web pages, the duo invented the PageRank algorithm, named after Page. Applying the algorithm to a preliminary search engine run on a makeshift server in their dorm room, Page and Brin recognized their search engine was better than anything currently available. Google launched in 1996 and the resulting traffic caused issues on Stanford’s network.
Page and Brin incorporated Google in 1998 with Page as CEO. They attempted to sell the search engine to Internet company, Excite, the following year for $750,000. Excite’s CEO turned the offer down leaving the pair to double down growing Google themselves.
By 2001, the graduate school dropouts were overseeing one of the fastest growing companies in corporate history. After encouragement from investors to bring in more experienced leadership after Page attempted to fire all of Google’s project manager, Page and Brin hired Eric Schmidt to take over as CEO with Page becoming president of products.
Following Yahoo’s attempt to acquire Google for $3 billion in 2002, Page and Brin took Google public in 2004 with a valuation of $27 billion. The founders created a super-voting Class B stock that only they and a few other Google executives were granted. The structure guaranteed Page and Brin majority ownership in perpetuity, a model that numerous future tech companies copied.
Page initiated the key acquisition of mobile computing developer, Android, for $50 million in 2005—a move Page did without informing Schmidt. Google also acquired online video platform, YouTube, for $1.6 billion in 2006. In 2008, Page and Brin hired a number of Mozilla Firefox developers to create a better web browser at the suggestion of future Google CEO, Sundar Pichai. The resulting Google Chrome became the most popular web browser in the world.
In 2011, Page replaced Schmidt as Google’s CEO. With their newfound leadership flexibility, Page and Brin launched Google X the same year. Google’s “moonshot factory” for experimental hardware and long-term projects debuted Google Glass in 2012 in a famous release in which Brin coordinated skydivers wearing the heads-up display device to land on the roof of the building Brin was delivering the presentation in.
By 2015, Page and Brin announced the creation of Alphabet, a move that removed the pair from day-to-day management of Google by making them CEO and president of the holding company. The founders stepped down from Alphabet’s leadership in 2019.
Page remains a board member and majority shareholder of Alphabet. The search engine he helped create in his college dorm room handles over 3 billion queries daily giving Google a 90 percent worldwide market share.
Page holds an M.S. in computer science from Stanford University and a B.S. in engineering from the University of Michigan.
What is Lawrence Page's net worth?
The estimated net worth of Lawrence Page is at least $37.85 million as of July 29th, 2021. Mr. Page owns 13,888 shares of Alphabet stock worth more than $37,853,133 as of August 3rd. This net worth estimate does not reflect any other investments that Mr. Page may own.
How do I contact Lawrence Page?
The corporate mailing address for Mr. Page and other Alphabet executives is 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA, 94043. Alphabet can also be reached via phone at (650) 253-0000.
Has Lawrence Page been buying or selling shares of Alphabet?
During the last quarter, Lawrence Page has sold $49,244,478.00 of Alphabet stock. Most recently, Lawrence Page sold 13,888 shares of the business's stock in a transaction on Thursday, July 29th. The shares were sold at an average price of $2,733.78, for a transaction totalling $37,966,736.64. Following the completion of the sale, the director now directly owns 13,888 shares of the company's stock, valued at $37,966,736.64.
Who are Alphabet's active insiders?
Alphabet's insider roster includes Sergey Brin (Insider), L Doerr (Director), David Drummond (SVP), John Hennessy (Director), John Hennessy (Director), Ann Mather (Director), Amie O'toole (CAO), Lawrence Page (CEO), Sundar Pichai (CEO), Prabhakar Raghavan (SVP), Philipp Schindler (SVP), and Kent Walker (SVP).
Are insiders buying or selling shares of Alphabet?
During the last twelve months, insiders at the information services provider sold shares 48 times. They sold a total of 470,623 shares worth mmore than $298,014,015.17. The most recent insider tranaction occured on August, 02nd when Ann Mather Director bought 18 shares worth more than $48,774.42. Insiders at Alphabet own 13.0 % of the company.
Information on this page was last updated on 8/2/2021.