Google is the biggest and the most popular internet related product that you can see on the market! It's a fantastic search browser that millions of internet users use every day! Google was founded by Sergey Brin and Larry Page, but there have been some changes in the ownership of Google. Continue reading to know is the owner of Google now!
Few words about Google
At this time, the company moved to its current headquarters in California.
The rapid company growth provided it all the chances for the success. Therefore, it was only a matter of time when a small graduation project could become one of the largest search engines. The core product of the company is Google search. Nonetheless, there are also other products that provide a lot of money for the company:
- Google Docs
- Google Slides
- Google Calendar
- Google Drive
- Google plus
- Google Hangouts
- Google Translate
- Google Maps
- Google Keep
It's only the beginning of the Google products list. Today, the company is home to about 74,000 employees. Nonetheless, in 2015, the company was restructured and got new leaders. Therefore, Google became a part of a big family called Alphabet Inc.
Is Alphabet Inc. owner of Google?
Alphabet Incorporation was created as a restructuring plan of Google in 2015. Therefore, Alphabet Inc. became a parent company of Google. The executive roles of the company were taken by Sergey Brin – President and Larry Page – CEO. The alphabet is one of the largest companies in the world with total assets of 197.29 billion dollars.
This company is a direct owner of all Google products that you see today. The portfolio of Alphabet Inc. also includes:
- Google Fiber
- Nest Labs
- Waymo X
Is it one man or a group of people? Take a look at four owners of Google!
Larry Page is an owner and co-founder of Google. For today, he takes place as a Chief Executive Officer of the parent company of Google – Alphabet. He gave up most of his Google responsibilities to Sundar Pichai who was appointed new CEO of Google.
Larry Page is one of the richest people on earth. He is also an advocate of clean energy. That's why he owns a lot of different rainwater capture systems, geothermal energy systems, fuel cells, etc. According to Bloomberg, his riches go up to $57.7 billion and $48.8 billion according to Forbes.
Larry Page is a computer scientist that managed to create a system that helps millions of people every day. He is the ninth richest person in the world.
Sergey Brin is originally from Moscow, but his parents emigrated to the USA from the Soviet Union. Computer science was one of the fascinating things for young Sergey Brin. That's why he studied this discipline in Stanford. While studying at Stanford for PH.D., he met Larry Page. This pair of scientists developed a search engine that was going to change the world.
They created Google in 1998, but both became billionaires in 2004 when Google went public. For today, Sergey is the president of Alphabet. According to Bloomberg, his net worth reaches $56.1 billion. He owns 19.3 million Class C Capital Stock.
His residence is Los Altos in California. One of the most interesting facts about him is his official salary in Google. Did you know that it's only 1 dollar per year?
H is an American businessman and software engineer that served as the Executive Chairman for Google. He was in this position up to 2017.
Eric Schmidt is one of the shareholders of Class C Google Stock. He owns about 27,000 shares for C class, and he also owns about 27,000 shares of A Class. According to Bloomberg, the total net worth of Eric Schmidt capitals is $14.5 billion.
Schmidt also the chairman of the White House Defense Innovation Board. The main focus of this board is to organize the defense system of USA. Moreover, it enhances the relationship between the private and government sectors.
He is a new CEO of Google Inc. Prior to this Job offer, he worked at McKinsey. Pichai also served as a Senior Vice Presidents of products for the Android operating systems of Google. He is also one of the main shareholders of Google corporation. He has 19,586 of Class A shares and 136,664 of Class C shares.
About 70% of Alphabet group is the institutionally owned. The biggest owner of the institutional holdings is the Vanguard Group. This group owns $40 billion shares, approximate 40 million shares. Two Vanguard's funds are the largest owners of Alphabet and Google.
One company is not just one person, but a team of leaders. Who is the owner of Google now? It's not only one person. The founders of the company are Sergey Brin and Eric Schmidt. They managed to create one of the biggest search engines in the world.
How can you explain the success of Google? It's a constant development of its values and products, that's how you can create the most successful company in the world!
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