You have probably searched something on Google to land on this page. Google is the largest search engine in the world accounting for about 92% of the total searches done on the internet. It is followed by Bing (2.96%), yahoo (1.51%), Baidu (1.17%), Yandex (1.06%), and DuckDuckGo (0.68%). About 99,000 searches are conducted on Google every second which translates to about 8.5 billion searches every day. So, who owns Google?
Larry Page and Sergey Brin are the billionaires who own Google. The two founded the google search engine in 1998 while undertaking their PhDs at Stanford University.
Google is one of the most valuable companies in the world right now, a reason why Larry and Brin are some of the world’s richest people. Larry Page is the 6th wealthiest person globally while Sergey Brin is the world’s 7th richest individual.
In 2015 the pair co-founded Alphabet Inc, which acts as the umbrella company for Google search engine and other subsidiaries. Today Alphabet reportedly makes about $7,100 per second which translates to $426,805 every minute, $25.6 million per hour, and about $614.6 million every day, jeez!
This article talks about google and its owners, Larry Page and Sergey Brin.
A bit of History
Larry Page and Sergey Brin met at Stanford University while undertaking their PhDs. In 1998, the two founded Google from Susan Wojcicki’s garage in Menlo Park, California. Craig Silverstein, a software engineer and fellow Ph.D. student at Stanford was hired as the company’s first employee. Susan, who’s now the CEO of YouTube was also one of the company’s initial employees.
Google’s first investor was Andy Bechtolsheim, the co-founder of Sun Microsystems who invested $100,000 in the startup. The company would then receive funding from 3 other angel investors including Jeff Bezos, Ram Shriram, and David Cheriton. In 1999 the company moved its offices to Palo Alto, California.
In 2004, google had its Initial Public Offering and became a public company. It sold over 19 million shares and raised $1.67 billion giving the company a market capitalization of over $23 billion. Google continued to gain popularity and by 2011, it was handling about 3 billion searches every day.
In 2006 Google acquired YouTube for $1.65 billion. It also acquired DoubleClick in 2008 for $3.1 billion. The acquisition of Motorola by Google in 2012 for $12.5 billion remains the company’s most expensive acquisition to date. Alphabet has acquired many other startups over the years including Fitbit, Looker among others.
So, who owns google?
Larry Page and Sergey Brin are the founders, board members, and controlling shareholders of Alphabet, Google’s parent company. Together they own about 14% of the company’s shares and control 56% of the stockholder voting power through super-voting stock.
Page served as the CEO of the company from 1997 to 2001 when he stepped down and was replaced by Eric Schmidt. He currently has a fortune of $113.9 billion making him the 6th wealthiest individual in the world.
Sergey Brin, the other individual who owns Google, served as the president of Alphabet from 2015 to 2019. He’s the world’s 7th wealthiest person with a net worth of $109.8 billion. He was born in Russia and later moved to the United States in 1979.
Both Page and Brin are 48 years old. After launching Google, the two suspended their Ph.D. studies to concentrate on the company. They both hold a master of Science from Stanford University and a Bachelor of Arts/Science from the University of Michigan.
Also Read: 20 Billionaires Who Dropped Out of College
Although Larry Page and Sergey Brin do not own all of Alphabet’s shares. There are a lot of other individuals and companies that have invested in the company.
Some of the firms with the highest shareholding in Google include The Vanguard Group, Inc which has a 7.22% stake equivalent to $58 billion. BlackRock Fund Advisors has a 4.37% stake while Fidelity Management & Research Company has a 4.12% stake which is equivalent to $30.4 billion. You can read the full list of Alphabet’s top shareholders here.
Some of the other individuals who owns Google include Sundar Pichai. He’s the CEO of Alphabet. According to Investopedia, Pichai owns about 88,693 Alphabet shares which represent about 0.01% of the company’s total shares outstanding.
Google which initially began as a search engine, has numerous products and services today including the Google Pixel smartphones, android, and the Operating System Chrome OS.
The company has established itself in the tech industry. Almost everyone with a computer today is using one or more Google products or services. Talk of Google Chrome, Google Workspace, Google Earth, Google Maps, Google Earth, Google Playstore, and the list goes on.
How does Google make money?
Google makes most of its money from online advertising. In 2020, Alphabet generated close to $183 billion in revenues. Over 80% of this revenue which translates to about $147 billion came from online advertising.
The company leads the online advertising market with Facebook coming in second and Alibaba taking the 3rd spot. Google’s advertising streams include:
- Search and Other Google Properties where advertisers bid on search keywords which helps their ads to show up to relevant users in search results. This contributes to about 71% of Google’s advertising revenue.
- Of the company’s total ads revenue, about 13% of it comes from YouTube
- Google AdSense generates about 16% of the company’s total ads revenue
Alphabet also makes money from other services such as Google Cloud, Google Play store, YouTube premium content as well as YouTube TV.
In 2021 Alphabet recorded a revenue of $257.6 billion with a net income of $76 billion. The conglomerate has over 156,000 employees.
Also Read: Who Owns Tik Tok
How much is google worth today
According to companiesmarketcap.com google is the 4th most valuable company in the world today with a market cap of $1.774 Trillion. It comes behind Microsoft, Apple, and Amazon. It is considered one of the Big 5 technology companies in the United States.
Google.com is the most visited website in the world and is the world’s 3rd most valuable company brand according to the latest report by Kantar Group, a data analytics and brand consulting company.
Jeff Bezos investment in Google
In 1998, 3 years after Jeff Bezos had founded Amazon.com, he invested $250,000 in Google which had just been founded. This investment was equivalent to 3.3 million shares of Google Stock. Today, his shares in Google are worth more than $3.1 billion.
Also Read: Jeff Bezos Net Worth
At this point, you now know who owns Google. Today, with numerous products and services, Google is one of the largest technology companies in the world.