Larry Page Net Worth 2024: Behind His $129 Billion Google Empire

Larry Page, the co-founder of Google, holds a spot in the list of the 10 richest people in the world – and the number one spot as the richest person in California.

As of 2024, Larry Page’s net worth is estimated at $129 billion.

It’s no wonder that Page has amassed a gargantuan fortune for creating arguably the most influential company in the world right now. He has been deeply intertwined with Google for a long time too. He has even been Google’s CEO twice.

Since 2019, he has remained a board member of Alphabet Inc., Google’s parent company. In addition to his stake in Google, he also earns a fortune from investments and other business ventures.

In this article, we’ll break down the main and publicly known sources of Larry Page’s net worth.

Larry Page’s Net Worth: Full Breakdown

Larry Page is generally a very private person, making it hard to pinpoint every source of his estimated net worth.

Nevertheless, we were able to track down enough public sources of information to piece together a holistic estimate of his net worth. He is also the seventh richest person in the world and such wealth is impossible to break down to the million.

Based on what we found, here are his efforts which made his fortune what it is today:

Latest News & Updates

Here are the most recent news about Google and Larry Page:

1. Focus on AI and Google’s Future

Larry Page remains closely involved with the AI developments at Alphabet Inc., Google’s parent company, despite stepping back from day-to-day operations.

The tech industry is abuzz with Alphabet’s advancements in artificial intelligence, particularly through its subsidiary, DeepMind. As AI becomes a critical area of competition among tech giants, Page’s influence and long-term vision for integrating AI into Google’s services continue to shape the company’s strategy.

He maintains a keen interest in the AI arms race, emphasizing a future where AI can solve global challenges​(

2. Private Ventures: Investments in Sustainable Tech

Larry Page is reported to be focusing on private investments in sustainable technology, including alternative energy and autonomous transportation. Among his notable projects is the continued support for electric flying car startups like Kitty Hawk and Opener.

Though Kitty Hawk shut down its operations in 2022, Page’s investments signal his commitment to pioneering innovations in transportation. His backing of these companies reflects his broader vision of a future where clean, efficient travel can revolutionize urban mobility​

3. Legal Tensions with Airfield Usage

Page’s involvement with a private airfield shared with Sergey Brin in Silicon Valley has seen renewed scrutiny in 2024.

Local residents have raised concerns about the airfield’s environmental impact and its use for high-profile private flights, leading to increased regulatory attention. Page, known for his passion for aviation and cutting-edge aircraft, has faced criticism for the airfield’s exclusivity and its potential conflict with environmental policies.

This issue has added a layer of complexity to Page’s image as a proponent of sustainability.

6 Fun Facts About Larry Page

1. Musical Training: Page’s musical training influenced his high-speed legacy for Google.
2. Innovative Student: As a student, he built an inkjet printer using Lego bricks.
3. Early Project: His dissertation idea on web links led to the creation of Google’s PageRank algorithm.
4. First Office: Google’s first office was in a garage in Menlo Park, California.
5. Parent Company: Page co-founded Alphabet Inc. in 2015 to restructure Google.
6. Philanthropy: Established the Carl Victor Page Memorial Foundation with assets over $1 billion.

The Early Life of a Technoking

Lawrence Edward Page, known as Larry Page, was born on March 26, 1973, in East Lansing, Michigan.

Both of Page’s parents were computer science professors, so young Larry grew up surrounded by computers and technology, which gave him a very strong foundation for his future career in computing.

His father, Carl Victor Page Sr., held a Ph.D. in computer science from the University of Michigan and soon came back to become a professor at the same university. His mother, Gloria, was a computer programming instructor at Lyman Briggs College at Michigan State University.

Even though his parents divorced when Larry Page was only eight years old, he maintained a good relationship with both.

When he was only six years old, Page tinkered with first-generation personal computers that his parents had left scattered around the home, and he was the first elementary student in his school to submit an assignment that was not manually written, but instead typed on a word processor.

His older brother, Carl Victor Page Sr., taught Larry Page how to disassemble hardware. He used his new skill to take apart everything at home to learn how it functioned.

Larry Page attended Okemos Montessori School and went on to graduate from East Lansing High School in 1991. While in high school, he attended the art camp “Interlochen Center for the Arts” where he practiced playing the saxophone. At one point, Page mentioned that his musical training brought up a fascination with speed and impatience in his computing career.

He said in an interview with Fortune:

I feel like music training led to the high-speed legacy of Google for me. In music, you’re very cognizant of time. Time is like the primary thing … If you think about it from a music point of view, if you’re a percussionist, you hit something, it’s got to happen in milliseconds, fractions of a second.

After high school, Page enrolled in the University of Michigan where he obtained his Bachelor of Science degree, followed by his time at Stanford University where he obtained a Master of Science degree in Computer Science.

Page’s knowledge of computing first stood out while at the University of Michigan.

For instance, he used Lego bricks to create an inkjet printer, reverse-engineered the ink cartridge, and built the mechanics and electronics to drive it. He also proposed that the university replace the bus system with a personal rapid-transit system and developed a plan for a company to use software to build a music synthesizer.

After he enrolled in a Computer Science Ph.D. program at Stanford University, Page considered the exploration of the mathematical properties of the World Wide Web as a dissertation idea, understanding the link structure as a graph. He focused on finding out which web pages linked to a given page, considering the nature and number of backlinks as the key information for that page. This became the foundation for the search engine.

His supervisor at the time, Terry Winograd, encouraged him to pursue his idea, a piece of advice that resulted in the creation of one of the most downloaded scientific documents in the history of the internet.

Larry Page Net Worth: His Path to Becoming the Seventh Richest Person in the World

Larry Page’s story leading to his success started when he realized that his dissertation idea was far too much for one person to cover. So he teamed up with Sergey Brin, a fellow Ph.D. student at Stanford University, to work on his paper. From this point, Page would get the inspiration to create one of the most profitable ideas in the world of technology – Google.

It is now time to learn how Larry Page built his fortune from scratch, starting with his dissertation theme.

Backrub

Page’s dissertation idea was to write a paper about how one could judge the quality of a website based on the number of backlinks it receives. He joined forces with Sergey Brin and the duo created a paper titled The Anatomy of a Large-Scale Hypertextual Web Search Engine. Their project soon became known as Backrub.

Their success didn’t end here. The students used the Backrub web crawler to develop an algorithm that would score each website. They named it PageRank, which referred both to Larry’s last name and a page of a website.

After they developed an algorithm and a crawler, the next step was to create a search engine. However, the project was very power-hungry and started interfering with Stanford’s computing infrastructure.

The duo used every spare computer part they could find and assembled a new search engine that was strong enough to handle more searches at once. In 1996, BackRub was ready for public use on the internet, available on the Stanford University website. Two years later, it counted 10,000 searches a day.

However, using so many of Stanford’s resources got Page and Brin kicked off campus. This wasn’t great news at the time, but it ended in them creating a private enterprise that the world would later know as Google.

You can read Brin and Page’s full 20 page dissertation through Stanford’s website if you’re interested to learn more of the technical details.

Google

In 1998, Larry Page and Sergey Brin incorporated Googol, a private enterprise. The company’s name refers to a number that consists of 1 and is followed by one hundred zeroes.

They launched the company with the initial domain name of Googol with a $100,000 investment from David Cheriton, one of their Stanford professors. This investment would eventually be worth over $2.3 billion.

Larry Page named himself the CEO and Sergey Brin was the President of their newfound company. Their goal was to go global and make their search engine accessible to all. They registered the domain name Google.com in 1997 and set up their first office in a garage in Menlo Park, California.

Soon enough, they had $1 million in investment, so they headed to new premises in Mountain View.

By 1999, the company were struggling to fit the servers into rented third-party warehouses so Page worked to make them smaller, leading to a faster search engine than early competitors. Fast forward to 2000, and Google had already indexed over one billion internet URLs, which made it the most comprehensive search engine on the web.

The Growth of Google

As the search engine became a major success, there was a lot of pressure to find investors, so Larry Page decided to step down from his position as CEO of Google and hand the reins to Eric Schmidt. Page took the position of President of Products instead.

Appointing Schmidt to the position of CEO turned out to be a brilliant move. The new CEO led Google through an era of growth and expansion. This period of change included the initial public offering (IPO) of Google on August 20, 2004. At this point, Page had already accumulated at least $1 billion of net worth.

When Schmidt stepped down from the position of CEO, Larry Page stepped back to his old role. He remained the CEO of Google from 2011 until 2015 when he became the CEO of Google’s freshly-minted parent company, Alphabet, instead.

Today, the two founders still own a stake in the company and serve on Google’s board, but they don’t work there every day. Larry Page was replaced by Sundar Pichai as Google’s CEO in August 2015 and Alphabet in 2019 and Pichai has shown to be a strong leader ever since.

Alphabet Inc.

When Eric Schmidt stepped down as Google’s CEO in 2011 and Page resumed his post, the company had a $180 billion valuation and employed around 25,000 people.

Page spent the 2010s redesigning the company from the top down, creating a more collaborative environment, new looks for the products, new features, and more. By 2013, more than 70 of the old products at Google were shut down and more were consolidated.

When Page found an opportunity to restructure Google, he established a parent holding company that worked above the search engine: Alphabet Inc.

Larry Page decided to leave his post as Google’s CEO and become the CEO of Alphabet to make Google cleaner and more accountable than before. Google was already a massive conglomerate of services and businesses, and it had expanded into many areas.

In 2019, he stepped down as CEO of Alphabet, too.

The duo of Page and Brin reportedly got a $2.3 billion parting gift between them from investors after they stepped down from the management of Alphabet.

Under the leadership of Page, Google expanded its operation to many new areas including email, mobile operating systems, and web analytics. He also oversaw the development of Google’s most popular products to date including Google Maps and Google News, among others.

Artificial intelligence has played a major role in Google’s success. The use of artificial intelligence added over $20 billion to the combined wealth of the two co-founders.

Through Google, Page has invested in a variety of companies such as Tesla Motors, and he actively promotes the adoption of hybrid electric cars and alternative energy.

Google Earnings and Stake

Larry Page reportedly owns 6.1% of Alphabet while his partner, the co-founder Brin owns 5.7%. As for voting rights, Page and Brin control 51% of the company through voting rights.

Since the creation of the company, founder Page has sold around $9 billion worth of shares in Alphabet and Google. He now owns class A, class B, and class C shares of the parent company, which includes 20 million shares of class C Alphabet stock.

In addition to this, the Carl Victor Page Memorial Fund, Page’s family foundation, controls over $1 billion worth of assets that he has donated.

Seeing how the company was founded by the two, it might come as a surprise that Larry Page is richer than the co-founder Brin. This is mostly because he owns slightly more of the company’s shares. With the success and popularity of Google today, a small difference means several billion dollars!

Alphabet now has a market capitalization of approximately $1.5 trillion, so Page’s stake in the company is worth over $90 billion.

Achievements and Awards

Being one of the biggest names in computer engineering and founder and former CEO of Google, it comes as no surprise that Larry Page has accumulated numerous awards throughout his career. These include:

• Honorary MBA from IE Business School in 2004.
• Golden Plate Award of the American Academy of Achievement in 2004.
• Marconi Prize in 2004: Google’s co-founders received the Marconi Foundation prize in recognition of their work on the development of PageRank and Google.
• Webby Awards Lifetime Achievement award in 2005: The co-founding partners were recognized for their contribution to the internet with the Lifetime Achievement award.
• Communication Award in 2008: Page received the award from Prince Felipe at the Prince of Asturias Awards on behalf of Google.
• Global Economy Prize from the Kiel Institute for the World Economy in 2009: Larry Page won this prize for his contributions to economic globalization.
• Honorary doctorate from the University of Michigan in 2009.
• Communication and Society Award in 2010. The Google co-founders were honored for their contributions to the communication field by the Annenberg School of Communication, University of Pennsylvania.
• Academy of Achievement Golden Plate Award in 2011.
• World Economic Forum’s Crystal Award in 2013.
• Bloomberg’s Most Influential People in the World Award in 2013 and 2014.
• Carnegie Mellon University’s Andrew Carnegie Prize in Mind and Brain Science in 2018.

Philanthropy

As one of the richest people in the world, not to mention the two-time former CEO of Google, Larry Page has billions to spend however he wants. In addition to his investments, Page is known to contribute a fortune to charitable causes. He is mostly focused on environmental conservation, technology, and education.

One of Page’s main visions is to utilize the advancements in intelligent systems and technologies to provide for people’s needs and mitigate the negative effects of unemployment due to technology. To support his vision, he has established Singularity University, which is funded by Google and offers scholarships to selected students.

In 2004, the famous computer scientist established a foundation called Carl Victor Page Memorial in honor of his late father. Page is also the founder of the Page Family Foundation, which aims to improve educational opportunities and innovation in varied areas, including computer science, global health, and energy.

Page is also a signatory of The Giving Pledge, a popular commitment by some of the world’s richest people, including Tim Cook, Apple’s founder, and Richard Branson, pledging to donate the majority of their wealth to philanthropic causes during their lifetime.

What Else Has Larry Page Invested In?

Making Google might have been his biggest achievement, but Larry Page hasn’t stopped there. Over the years, the famous internet entrepreneur has been investing in a variety of businesses, both through Google and individually.

Investment Portfolio

Page’s investments are mostly in the field of technology, especially AI research. He’s shown interest in transformative transportation technologies, backing companies like Kitty Hawk and Opener. While his stake in these brands is not publicly disclosed, he has supported the development of personal aerial vehicles and electric flying cars over the years.

That’s not all he’s invested in. In 2005, Google announced that it was rolling out Google Maps and Google Reader, and it even bought YouTube.

In 2006, Page participated in Tesla’s series C funding round. A year later, Google teamed up with Salesforce and China Mobile and signed a deal to develop educational apps for students in Rwanda and Kenya.

Later, in 2011, Larry Page co-invested a part of $1.1 million in the seed round for Twigtale. Five years later, he contributed to a $21 million series A round for Planetary Resources.

Real Estate

The seventh richest person in the world lives in a majestic mansion in Palo Alto and has invested millions in real estate. Though we don’t know his entire real estate portfolio, we have some details on what this includes.

The Palo Alto area property cost him $7.2 million. In 2009, he started buying the homes adjacent to the original house to make room for a 6,000-square-foot eco house.

Page lives on the property with his wife, Lucinda Southworth, whom he married on Richard Branson’s private island, Necker Island, and their two children.

Today, his Los Altos house is listed as the eighth most expensive zip code in the nation, worth at least $15 million after the expansion.

In addition to this property, he also owns a 3-story home located 10 feet from Shadow Mountain Lake.

Car Collection

Larry Page is generally a private person, so we don’t know his entire car collection or his full list of assets. He has at least five vehicles in his collection, worth over $600,000 all together.

These include:

• Toyota Prius worth $26,000
• Tesla Roadster worth $250,000
• Mercedes Benz C class worth $55,000
• Mercedes Maybach S Class worth $185,000
• Tesla Model S worth $110,000

Other Assets

Both Larry Page and Sergey Brin own private jets, along with their friend and former colleague Eric Schmidt, but that’s not all. They own a private hanger worth over $30 million where they store their jets when they’re not in use.

While the group might have more than two jets in his asset portfolio, we could only confirm two:

• Dornier Alpha Jet worth $80 million
• Boeing 767-200 worth $15 million

He also owns a $45 million superyacht called Senses.

What Can We Learn From Larry Page’s Story?

It should come as no surprise that Larry Page, the man who co-founded Google, is the richest person in California, not to mention one of the 10 richest people in the whole world.

We all have a lot to learn from the co-founder of one of the biggest companies in the world.

For starters, Page has consistently emphasized the importance of innovation. Under his leadership, Google has been at the forefront of technological advancements in search engines and the internet in general, constantly boosting its portfolio with new products and services.

Page frequently encourages what we call “moonshot thinking“, which involves pursuing ambitious projects that have the potential to solve global problems. This unique mindset encourages risk-taking and creativity.

Page is also known for his long-term vision. Google’s mission to organize the world’s information and make it universally accessible is proof of this.

Above all, Page prioritizes experience and satisfaction. At one point, he transformed Google almost entirely to put the focus on the user, solving real-world problems and making information easily accessible.

Larry Page has shown a tremendous commitment to environmental sustainability. His support for clean energy initiatives is undeniable. The Google co-founder has invested billions in projects aimed at addressing environmental challenges.

Finally, Google’s success is built on a culture of experimentation.

It is clear that Page believes in learning from your failures and trying out new ideas, an approach that helped him become the seventh richest person in the whole world!