Lawrence Edward Page also popularly known as Larry Page is an American Internet Entrepreneur and a Computer Scientist. He is also an inventor. Larry Page co-founded Google Inc., along with his friend and fellow student, Sergey Brin. Larry Page and Sergey Brin invented a search engine in 1998 and named it “BackRub’, which was later named as Goole Inc., They started with a mere $1 million. But over the next few years, the company became very successful and grew with a lot of new products and innovations being added to the list of products of the company.
Larry Page was the first CEO of Google Inc., until 2001. In 2001 he stepped aside and re-assumed the same position in 2011. Again, in 2015 he stepped aside for the second time, handing over his post to SundarPichai. Larry Page is now the CEO of Alphabet Inc., which is Google’s parent company. Alphabet Inc., is a new publicly traded company.
Larry page is also the inventor of a very famous search ranking algorithm “PageRank”. It is Google’s best-known search ranking algorithm named after Larry Page himself.Page is also keen on exploring self-driving cars, biotechnology, space travel and artificial intelligence. He is also a clean energy advocate.
Source of Income for Larry Page
The main source of Income for Larry Page is Google Inc., and the shares that he owns in it. He runs a company that has evolved much beyond its core search products and now has hardware, Chrome browser, Android and much more to its feathers. But that is not the only source of Income for him. Majority of his fortune is also from Alphabet Inc., where he serves as a CEO. He owns more than 21 million shares of Alphabet Inc., His wealth increases as the value of stocks increases. He was also an early investor Tesla Motors. Larry page is one amongst world’s top richest people on earth.
Not being evil is the finest idea that Larry Page has worked on. It is one of the best decisions Larry has made. This idea is basically about not taking pop-up ads, marking paid ads accordingly and not misleading people. Though this makes slow money but it helps build a trustworthy company and helps in gaining user loyalty in the long run.
Larry Page Net Worth in All Currencies
(USD, INR, EUR, JPY, GBP, AUD, CHF, CAD, MXN, AED)
Larry Page has a net worth of $37.8 billion in July 2016 according to Bloomberg. Google holds the highest contribution to Larry Page’s net worth. Since the company went public in 2004, there’s no looking back for Larry Page. His success soured up and so has his wealth and net worth. Larry Page has made the majority if his fortune through his stocks ownership in Google and now Alphabet as well.
Since his wealth increases along with the increase in stock value of the company, his net worth is also increasing by the day. He is the owner of a lot of assets. Larry Page’s net worth is 37.8 billion in USD. His net worth $37.8 billion could be roughly calculated in Indian Rupees to be around 25,32,73,04,10,000 that is 2 lakhs 53 thousand 273 Crores INR of net worth approximately.
- Larry Page has a Net Worth of 37.8 billion USD (US Dollar $)
- Larry Page has a net worth of 2.5 lakh crores INR (Indian Rupee)
- Larry Page has a net worth of 34.1 billion EUR (Euro)
- Larry Page has a net worth of 3.98 trillion in JPY (Japanese Yen)
- Larry Page has a net worth of 28.7 billion in GBP (British Pound)
- Larry Page has a net worth of 50.3 billion AUD (Australian Dollar)
- Larry Page has a net worth of 37.1 billion CHF (Swiss Franc)
- Larry Page has a net worth of 49.7 billion CAD (Canadian Dollar)
- Larry Page has a net worth of 713.6 billion in MXN (Mexican Peso)
- Larry Page has a net worth of 138.8 billion in AED (UAE Dirham)
Larry Page Income and Salary per month in All Currencies
Larry Page, the co-founder of Google Inc., draws a basic $1 salary per year. He is one the company’s lowest paid employee along with his friend and long-time partner Sergey Brin. Larry Page is being paid an annual salary of just $1 every year since the company went public in 2004.
Larry Page joined the $1 per year club in the year 2004. There are many other top CEO’s such as Hewlett-Packard’s Meg Whitman, Oracle’s Larry Ellison and Facebook founder Mark Zuckerberg who receive only $1 a year as their salaries as a symbolic gesture.
While Larry Page and Sergey Brin have limited their salaries to $1 a year, the other top four executives of Google Inc., receive a combined package of more than $124 million a year. Of course, this doesn’t mean that Larry Page is living with the $1 menu alone. He is still worth millions and has a huge net worth of $37.8 as he owns a lot of shares and stocks. Despite his almost non-existent salary, he is immensely profited from his company which is clearly visible through his net worth.
As the stock value of the company increases, Larry Page’s wealth also increases and hence his interest is more aligned towards the growth and success of the company. One advantage of taking $1 a year as his salary is lower tax liabilities.
The 42-year-old Larry Page has a charitable foundation named after his father “The Carl Victor Page Memorial Fund”. But, he is called one of the six least generous technology leaders because of his less traditional way of donating. Larry page had made comments about donating his wealth and fortune in a way that not too many people do. He had suggested about giving his money to Elon Musk because Larry believes that Elon is changing the future.