Lawrence Edward PAGE

Primary Position CEO Age 43
Primary Company Alphabet Birthday 26 Mar 1973
Estimated Net Worth At least $38.8 billion Residences Palo Alto, California, United States
Source Self-Made
Hometown
Lansing, Michigan, United States
Religion Unknown
Ethnicity Caucasian
Alternative Names Larry Page
Marital Status Married

Biography

Lansing, Michigan-native earned a Bachelor's Degree in Engineering from the University of Michigan at Ann Arbor and appears to have worked in the technology sector after graduation. In 1998, while pursuing a Ph.D. in Computer Science at Stanford University, he co-founded, with fellow doctoral student Sergey Brin, Google, a multinational corporation specializing in Internet-related services and products. The company grew rapidly and by 2000, had indexed one billion Internet URLs. Page was Google's first CEO and served in that capacity until Eric Schmidt joined Google as Chairman and CEO in 2001. He also served as the CFO from 1998 to 2002 and as the President of Products. In 2004, Google went public. Since then Google has acquired more than 150 companies, including YouTube, DoubleClick, Android, Nest Labs and Zagat, among others. Page was reappointed as the CEO of Google in 2011. On August 10, 2015, Google announced the creation of a new public holding company called Alphabet to increase management scale and to focus on its consolidated businesses. In October 2015, Alphabet replaced Google as the publicly-traded entity and became its holding company. Page currently serves as the CEO and Director of Alphabet.

Education History

Institution Name Qualification Name Education Type Start Date End Date
Stanford University Master's degree Graduate 1997
East Lansing High School Diploma High School 1991
University of Michigan Doctorate Ph.D. 2009
University of Michigan Bachelor's degree Undergraduate 1995

Interesting Facts

In 2013, Google bought seven robotics companies in the U.S. and Japan for a project headed by Andy Rubin. The companies purchased included Schaft, Meka, Industrial Perception, Redwood Robotics, Autofuss, Holomni and Bot & Dolly.
Google owns a 1987 Boeing 767, serial number: 23896; a 1995 Cessna Citation Ultra, serial number: 560-0337; two 2007 Gulfstream G-550s, serial numbers: 5157 and 5160; a 2000 Gulfstream G-V, serial number V-626; and a 1978 Bombardier Learjet 36A, serial number 36A-040.
Page was named an "Ernst & Young Entrepreneur" in 2003 and was also named a "World Economic Forum Global Leader for Tomorrow" in 2002. He also received the "Marconi Prize" in 2004.
An advocate of alternative energy, Page reportedly bought a network of houses in Palo Alto, California that use new types of fuel cells, geothermal energy and rainwater capture.
In November 2014, Google reportedly launched an awareness campaign to help contain the outbreak of Ebola. The company pledged to donate $10 million to support various nonprofit organizations that were fighting to control the epidemic. Google also announced on its official blog its intention to give $2 to the cause for every dollar donated by individuals.
In September 2014, Google reportedly acquired San Francisco, California-based tremor-canceling device maker Lift Labs for an undisclosed amount. As part of the deal, Lift Labs would join the Life Sciences division of Google X, a research division of Google.
In August 2014, Google reportedly agreed to acquire Jetpac, a social travel applications developer based in San Francisco, California, for an undisclosed amount. As part of the deal, Jetpac would end its support to technology company Apple by removing all its applications from Apple's app store by September 15, 2014. Jetpac's employees would join Google's Knowledge team, which is responsible for the ranking of Google search results. In the same month, Google acquired Boston-based maker of cloud rendering software Zync for an undisclosed amount. It was reported that Google will incorporate Zync's technology and stop using the cloud computing platform from Amazon Web Services.
In August 2014, Page and Sergey Brin accepted the "Ice Bucket Challenge," a dare where one drops a bucket of ice cold water over one's head before donating a small amount of money to a charity of their choice, and nominating three people to do the same within 24 hours. Page donated to the ALS Association, an American nonprofit organization that treats a motor neuron disease called amyotrophic lateral sclerosis. He and Brin were challenged by Microsoft CEO Satyanarayana Nadella.
In February 2014, Google reportedly reached a settlement with European Commission regulators, agreeing to make changes in the way Google search engines presented their results in Europe; the European Union had objected to said presentation, claiming that Google was abusing its dominant market position by favoring its search engines at the cost of its rivals. This agreement saved Google from paying around 10% of global revenue, which was more than $55 billion in 2013, as a penalty in the anti-trust probe.
In January 2014, Google agreed to sell Motorola, its handset division, to Beijing, China-based technology company Lenovo for about $2.9 billion. In October, the deal closed and Lenovo paid $1.41 billion in cash and Lenovo stock at closing price. Lenovo reportedly agreed to pay the remaining $1.51 billion via a three-year promissory note. Lenovo paid an additional $228.5 in cash to compensate for the stock's closing price.
In 2004, Page, Sergey Brin and Eric Schmidt agreed to reduce their annual salaries to one dollar, refused any bonuses, and linked their personal wealth directly to their shareholdings in Google and the company's share price. Page reportedly personally reviews and approves every new hire at Google.
In September 2014, Google reportedly invested $145 million in an 82 megawatt solar project handled by Saint Peters, Missouri-based solar energy company SunEdison. With this deal the company has invested more than $1.5 billion in renewable energy projects since 2010.
Google reportedly made an unsuccessful bid of around $11 billion to acquire messaging service provider WhatsApp. The company was later acquired by American online social networking service provider Facebook in February 2014 for about $19 billion.
In July 2014, YouTube, a video-sharing website that was acquired by Google in 2006 for $1.65 billion, reportedly announced plans to acquire San Francisco, California-based video game-streaming company Twitch in an all-cash deal worth more than $1 billion. In August, Google failed to finalize the deal and Twitch was acquired by e-commerce company Amazon.com in an all-cash deal valued at $970 million.
In January 2014, Google acquired Palo Alto, California-based home gadget manufacturer Nest Labs for more than $3 billion. The deal was said to be the second largest acquisition in the company's history.
In a conversation with American talk show host and journalist Charlie Rose, at a TED conference, Page reportedly said that after his death he would rather give his wealth to people like Elon Musk, the Founder and CEO of SpaceX, than to any philanthropic organization. He said he wanted to donate his wealth to a capitalist like Musk with big ideas to change the world. Also, In January 2015, Google, along with Boston, Massachusetts-based American multinational financial services Fidelity Investments, reportedly invested around $1 billion for a combined 10% stake in space transport company SpaceX to support their global satellite Internet service.
Page, Sergey Brin and Eric Schmidt, reportedly operate a fleet of seven jets and two helicopters through holding company H211. In August 2013, the U.S. Department of Defense ended an arrangement with H211, which allowed the trio to travel on discounted jet fuel bought from the U.S. Department of Defense (DoD). H211 reportedly received a significant discount on fuel for its many non-NASA-related flights, a discount approved by DoD, and to which they were reportedly not entitled.
"The Google Story" by David A. Vise and Mark Malseed, tells the story of the company's success. The founders named the search engine Google after the mathematical term "googol," which is a 1 followed by 100 zeros, as a reflection of their mission to organize the immense amount of information available on the Web. The name Google was created by mistake after the co-founders made a spelling error in the original name, googol.
Page reflected on Google's culture in a 2012 interview by citing the example of his grandfather and the corporate culture prevalent at his place of employment, saying: "My grandfather was an autoworker, and I have a weapon he manufactured to protect himself from the company that he would carry to work. It's a big iron pipe with a hunk of lead on the head. I think about how far we've come as companies from those days, where workers had to protect themselves from the company. My job as a leader is to make sure everybody in the company has great opportunities, and that they feel they're having a meaningful impact and are contributing to the good of society. As a world, we're doing a better job of that. My goal is for Google to lead, not follow that."

Interests, Passion, Hobbies

Hobby Name Description
Art Appears to be interested in art; Page and his wife Lucinda Southworth hosted a June 2013 cocktail party organized by Christies auction house for potential art buyers from Silicon Valley. A report from earlier that year claimed that Southworth had begun to build a collection.
Business - Entrepreneurship Co-founded Google in 1998.
Philanthropy Active philanthropist donates to educational, healthcare, social and humanitarian causes.
Finance - Investment Page is an investor in alternative energy companies such as Tesla Motors.
Sports - Kiteboarding Page is an avid kiteboarder.
Aviation - Private Jet Google owns a 1987 Boeing 767;1995 Cessna Citation Ultra; two 2007 Gulfstream G-550s; a 2000 Gulfstream G-V and a 1978 Bombardier Learjet 36A; Page may make use of these aircraft.
Boating - Yachts Reportedly owns a 194-foot long luxury yacht "Senses."
Technology Trained as an engineer; co-founded information technology company Google.
Technology - Computers Page was the President of the University of Michigan's chapter of Eta Kappa Nu, which is the student honor society of the Institute of Electrical and Electronics Engineers (IEEE). He also is a Member of the engineering honor society, Tau Beta Pi.

Philanthropy

Giving Profile
Chairman of the Carl Victor Page Memorial Foundation. In 2013, the foundation had assets exceeding $700 million and donated more than $40 million; gives primarily to educational, healthcare, social and humanitarian causes. Notable recipients include National Philanthropic Trust, the Harris myCFO Foundation, Vanguard Charitable Endowment Program, Research Foundation Stony Brook University, Carter Center, Stanford University School of Medicine, Stepping Stones International and the Michael J. Fox Foundation, among others. In November 2014, Page's family foundation reportedly pledged to donate $15 million to various non-profit organizations to help contain the Ebola outbreak.

Clubs & Boards

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Known Associates

Total known associates: 76. Total known associates net worth: $92.7 billion. To view details, sign up for Wealth-X Professional or Contact Us.

Family Details

Political Interests

Party Affiliation Unknown Political Profile Page does not appear to have much of an appetite for political giving and it is unclear if he is registered to vote. He has donated $40,000 to Google NetPAC Political Action Committee (NetPAC).