American entrepreneur and computer scientist.
US Business Magnate.
Born: March 26, 1973 (age 49)
Lawrence Edward Page is an American business magnate, internet entrepreneur and computer scientist.
He is best known as co-founder of Google with Sergey Brin.
Born: 26 March 1973, Lansing, Michigan, U.S.
Net Worth: 124 B USD (2022) Forbes
Spouse: Lucinda Southworth (Married. 2007)
Education: East Lansing High School(1987–1991), Parents: Carl Victor Page, Gloria Page
Larry Page his full name is Lawrence Edward Page, (born March 26, 1973, East Lansing, Michigan, U.S.), American computer entrepreneur and scientist. Larry Page and his friend Sergey Brin both created the online search engine Google, one of the most popular search engine on the Internet.
Larry Page’s father was a professor of computer science at Michigan State University, received a computer engineering degree from the University of Michigan (1995) and entered into the doctorate program at Stanford University, where he met Sergey Brin. The two were both intrigued with the idea of enhancing the ability to extract meaning from the mass of data accumulated on the Internet. Working from Page’s dormitory room, they devised a new type of search engine technology that leveraged Web users own ranking abilities by tracking each site’s “backing links”—that is, the number of other pages linked to them.
In order to further their search engine, Page and Brin raised about $1 million in outside financing from investors,their family, and friends. They called their expanded search engine Google a name derived from a misspelling of the word googol (a mathematical term for the number 1 followed by 100 zeros). By September 1998 the two had founded Google Inc., with Page as chief executive officer (CEO). The next year Google received $25 million of venture capital funding and was processing 500,000 queries per day.
Page stepped down as CEO in 2001 to become president of products. He was replaced as CEO by technology executive Eric Schmidt. However, both he and Brin remained intimately involved in running and working on Google. By 2004 the search engine Google was being utilized 200 million times a day. On August 19, 2004, Google Inc. issued its initial public offering (IPO), which netted Page more than $3.8 billion. In an acquisition reflecting the company’s efforts to expand its services beyond Internet searches, Google purchased in 2006 the most popular WebSite for user-submitted streaming videos that is YouTube, for $1.65 billion in stock. In 2011 Page resumed his duties as Google’s CEO, Schmidt having moved to the position of executive chairman. Google was restructured in August 2015 as a subsidiary of the newly created holding company Alphabet Inc., and Page became CEO of Alphabet. Page left that post in December 2019 but continued to serve on Alphabet’s board of directors.
LARRY PAGE’S Quick summary
- Lawrence Edward Page, publicly known as Larry Page Google Co-founder, met Sergey Brin while studying at Stanford in 1995
- World Richest Man Page had an idea for a search engine which could determine the credibility of web pages based on the number of times it was being back linked by other web pages. Brin, too, was intrigued and both of them worked on an idea to invent an algorithm called PageRank
- The algorithm formed the base of a search engine which was initially called BackRub. They used Stanford’s network to take it live in 1996.
- Soon, the search engine’s traffic was growing. With Stanford’s network no longer being a viable option to host the site, they raised some money and were contemplating a new name for their product
- After registering the domain name a year before, Google Inc was finally incorporated in 1998 and Page was named CEO.
- By 1999, Google was processing around 500,000 queries every day and had become one of the fastest-growing tech companies of that time
- Following some professional altercations, he stepped down as CEO in 2001, and Eric Schmidt was brought in to take his place. Page continued to be involved in Google’s day-to-day operations
- Google went public in August 2004 giving the company a valuation of $27 billion.
- The IPO earned Page $3.8 billion and perpetual control of the company for both the founders
- He had anticipated the growth of mobile computing long before smartphones had become an everyman’s device. In 2005, he bought Android — then a small start-up led by Andy Rubin — for $50 million.
- Overseen by the founders, Google entered the video streaming market with the $1.65 billion acquisition of YouTube in 2006.
- Larry Page marry his girlfriend, Lucy Southworth, on a tiny Caribbean island in 2007
- He returned as the CEO of the company in 2011 making room for experimental projects
- By 2015, with Page at its helm, Google was involved in all kinds of futuristic technologies including self-driving cars, AI and quantum computing. To ease the complexity caused due to the various sub-divisions created within Google, a holding company called Alphabet Inc was formed the same year
- Now, Sundar Pichai is a newly-appointed CEO of Google, Page was elevated to the role of CEO at Alphabet.
- In December 2019, he relinquished his designation as CEO of Alphabet but continues to serve as a member of its board of directors.