Larry Page, the co-founder of Google and a leading figure in the technology industry, has accumulated a substantial fortune over the years. According to Forbes, Larry Page Net Worth is estimated to be around $118 billion as of 2023. In this article, we will examine the sources of his wealth, real estate holdings, lifestyle, and philanthropic activities.
|Larry Page Net Worth||$118 Billion|
|Born:||March 26, 1973|
|Country of Origin:||United States (by birth)|
New Zealand (since 2021)
|Source of Wealth:||Co-founding and creating Google|
Co-founding Alphabet Inc.
Co-creating the PageRank algorithm
|Last Updated:||October 25, 2023|
1. Sources of Larry Page’s wealth: Larry Page Net Worth
The primary source of Larry Page’s wealth is Google, now a subsidiary of Alphabet Inc. Founded in 1998, Google has become a dominant player in the tech industry, offering a wide range of products and services, including search, advertising, cloud computing, and consumer electronics. Page held various roles within Google, including CEO, before transitioning to CEO of Alphabet until his resignation in 2019.
Page’s wealth is also derived from his stock ownership in Alphabet Inc., which accounts for the majority of his net worth. As a significant shareholder, he has benefited from the company’s continued growth and success.
Additionally, Page has been involved in various investments and ventures, including the founding of Kitty Hawk, a company focused on electric aircraft and air taxi services. These investments have contributed to his overall net worth.
2. Real estate portfolio
Larry Page’s real estate holdings include properties in the United States and abroad.
In the U.S., Page owns several homes in Palo Alto, California, as well as a 1930s mansion in Los Altos Hills. Some of his other notable properties include a 30,000-square-foot estate in Beverly Hills and a 49% stake in the historic Branford House in Greenwich Village, New York City.
Internationally, Page owns a luxury villa in the Caribbean island of St. Barts, known for its pristine beaches and upscale amenities.
3. Lifestyle and assets
Larry Page is known for his interest in innovative transportation, including yachts, private jets, and eco-friendly vehicles. He owns a 193-foot superyacht named “Senses” and has been spotted on other luxury yachts during vacations.
Page is also a fan of aviation, owning a private jet and investing in companies like Kitty Hawk and Opener, which are focused on developing electric aircraft and air taxi services. In addition to his aviation interests, Page is an advocate for eco-friendly transportation and owns a Tesla Model S electric car.
4. Philanthropy and charitable giving
Larry Page is an active philanthropist, having joined the Giving Pledge in 2010, a commitment by billionaires to give away at least half of their wealth to philanthropic causes during their lifetime or in their wills.
Page has directed his charitable giving toward education and technology initiatives, donating millions to support research and scholarship programs at universities such as Stanford and MIT. He has also contributed to organisations focused on renewable energy and climate change.
The Page Family Foundation, established by Larry Page and his wife, Lucy, is another significant philanthropic endeavour. The foundation supports various causes, including global health, poverty alleviation, and environmental sustainability. Through the foundation, the couple has funded projects in areas such as clean energy, access to clean water, and wildlife conservation.
Also Read: Apple CEO Tim Cook Net Worth
In summary, Larry Page’s net worth of approximately $118 billion can be attributed to his successful career with Google and Alphabet Inc., his stock ownership, and his various investments and ventures. His real estate portfolio and interest in innovative transportation contribute to his wealth, while his philanthropic activities demonstrate his commitment to making a positive impact on the world.
As a pioneer in the tech industry, Page’s influence and wealth are likely to continue to grow as he remains involved in new ventures and groundbreaking technologies. His story serves as an inspiration for aspiring entrepreneurs and innovators, showcasing the power of creativity, determination, and strategic investments in building substantial wealth and leaving a lasting legacy.