Larry Page, Sergey Brin are $55 billion richer in 3 months after Alphabet stock surge
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Larry Page, Sergey Brin are $55 billion richer in 3 months after Alphabet stock surge
"The Alphabet cofounders have respectively grown $66 billion and $60.7 billion richer in just under 10 months, outpacing Meta CEO Mark Zuckerberg's $56.8 billion gain and Nvidia CEO Jensen Huang's $51.9 billion gain. The pair only trail Oracle cofounder Larry Ellison's $150 billion increase. Page and Brin are now worth $234 billion and $219 billion each, ranking them fifth and sixth on Bloomberg's rich list - not far behind Amazon founder Jeff Bezos in fourth with a $250 billion fortune."
"They hold significant leads over the rest of the top 10: LVMH CEO Bernard Arnault, former Microsoft CEO Steve Ballmer, Huang, and PC pioneer Michael Dell have net worths between $150 billion and $200 billion. Page and Brin are worth a combined $453 billion, a figure that rivals the $466 billion fortune of the planet's richest person, Tesla and SpaceX CEO Elon Musk. Their joint fortune also exceeds the market capitalizations of some of America's biggest and best-known companies, including Costco at $412 billion and Bank of America at $389 billion."
"Google's creators have seen a sharp upturn in their fortunes since the summer. In late July, Page and Brin had gained less than $5 billion each since the start of the year, putting their net worths at around $170 billion and $160 billion respectively. They've both grown over $55 billion richer since then, thanks to Alphabet stock surging 40% in the past three months to record highs of above $270 a share."
Larry Page and Sergey Brin have seen rapid wealth growth, gaining $66 billion and $60.7 billion respectively in under 10 months. Each now ranks among the top six on Bloomberg's rich list, with net worths of $234 billion and $219 billion. Their combined fortune of $453 billion rivals Elon Musk's $466 billion and exceeds market capitalizations of major U.S. companies such as Costco and Bank of America. The surge followed a sharp rise in Alphabet stock, which climbed about 40% over three months, reversing a slower start to the year when each had gained less than $5 billion.
Read at Business Insider
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