Lawrence Edward Page is an Internet entrepreneur and computer scientist from the United States with a net worth of $91.8 billion. Along with Sergey Brin, he is best known as one of the co-founders of Google. Google is estimated to be worth $300 billion. Google's parent company, Alphabet, is estimated at about $900 billion, placing it in the same arena with Apple and Amazon for the world's most valuable companies.

Page was the CEO of Google from 1997 to August 2001 (when he stepped down in favor of Eric Schmidt). From April 2011 to July 2015, he became the CEO of Alphabet Inc. He held this role until December 4, 2019. He is also a member of the Alphabet board of directors, an employee, and a majority shareholder. The development of Google resulted in a significant increase of his wealth. Page was ranked 10th on Forbes' "Billionaires 2019" list, and as of February 2021, he was the world's  8th richest person, with a net worth of $91.8 billion, according to Forbes.

Page grew up in a well-educated family who were all computer science lovers. Carl Victor Page Sr, his father, graduated from the University of Michigan with a Ph.D. in computer science. Will Smale, a BBC reporter, called him a "pioneer in computer science and artificial intelligence." Page's father was a computer science professor at Michigan State University, and his mother Gloria was a computer programming teacher at the university's Lyman Briggs College.

Page himself graduated with honors from the University of Michigan with a bachelor's degree in computer engineering and a master's degree in computer science from Stanford University. Page built an inkjet printer out of Lego bricks while at the University of Michigan after realizing that inkjet cartridges could be used to print large posters for a low cost. Page designed the electronics and mechanics to drive the ink cartridge after reverse engineering it. Page was a member of the 1993 "Maize & Blue" University of Michigan Solar Car squad and served as president of the Beta Epsilon chapter of the Eta Kappa Nu fraternity. He suggested that the University of Michigan replace its bus system with a personal transportation system while still an undergraduate. During this time, he also created a business plan for a company that would use software to create a music synthesizer.

The computer engineering graduate first teamed up with Sergey Brin to create the PageRank algorithm, which determines the relevance of web pages, a system they still use today at Google. Larry Page was a key figure in the discovery of the importance of backlinks because it could aid in the development of a better search engine algorithm.

Page was paid an annual salary of $1 while working at Google. Despite the fact that he is no longer CEO, he is still worth billions because of his substantial stake in the firm. Google is owned by Alphabet, and he owns a 6% interest in the company to this day. In the quarter that ended on December 31st, 2019, Alphabet produced $46 billion in sales, up 17% from the previous year. According to the company, approximately $10.7 billion of that was profit. With $27.2 billion in revenue for the year, Google's search company remains the most profitable part of Alphabet's vast empire.

In 2019, he stepped down once more, and Sundar Pichai (net worth $600 million) was appointed in his place. Sergey Brin also resigned, saying that the company was well-established and didn't need two CEOs. Alphabet owns a slew of businesses that it has acquired or developed over the years. Waze was acquired by Google in June 2013 for $966 million. Fitbit, Nest Laboratories, Motorola Mobility, and DoubleClick are a few more examples.

Larry Page has also invested personally in the Kitty Hawk and Opener flying car startups. In New Zealand, Kitty Hawk has started the certification process for a fully autonomous, self-piloting flying taxi. The organization has been testing its vehicles and hopes to have a commercial network in place by 2021.

Like most billionaires Page is secretive as much as possible about his properties and assets. It is known that in 2005, he started working on his dream house. He paid $7.2 million for a 9,000-square-foot Spanish Colonial Revival home in Palo Alto. The 6-bedroom, 6-bathroom home was designed by Pedro Joseph de Lemos in the 1930s. His personal passions include buying up chunks of a network of houses that use new types of fuel cells, geothermal energy, and rainwater capture. He also rides a Zero X electric dirt bike and an electric sports car from Tesla Motors, in which he and Google co-founder Sergey Brin are investors.

SOURCES: Forbes, Economic Times, Business Insider, The Verge

This article was updated on March 13, 2021 by Vanessa Shumbanhete

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