This is how much Google founder added to their net worth after stepping down
New Delhi : Google founders Larry Page and Sergey Brin recently announced that they have decided to step down from their posts and India's Sundar Pichai will be taking over as the CEO of Alphabet, the parent company of Google. It may be noted that Page and Brin stepped down from their positions of Alphabet CEO and President, respectively, on Tuesday (December 3).
The company said in the press release, "Larry Page and Sergey Brin, the CEO and President, respectively, of Alphabet, have decided to leave these roles. They will continue their involvement as co-founders, shareholders and members of Alphabet’s Board of Directors."
"Sundar Pichai, the CEO of Google, becomes the CEO of Google and Alphabet. He will remain the CEO of Google, and assumes the role of managing Alphabet’s investment in its portfolio of Other Bets. Pichai will remain a member of Alphabet’s Board of Directors," it further read.
While, the announcement was made, their bank accounts have been benefited with a huge parting gift.
According to a news report by Bloomberg, Page and Brin got a $2.3 billion parting gift from investors. Both Page and Brin added more than $1 billion each to their net worth as the firm’s shares rose 1.9 per cent after the announcement. Note that they each own about 6 per cent of the internet giant and still control Alphabet through special voting shares.
As per calculations on December 5, Larry Page has a net worth of $63 billion, making him the seventh richest person in the world according to Bloomberg Billionaire's Index. The net worth of Sergey Brin is slightly below Page at $62 billion, making him the eighth richest man globally.