Google Co-founder Larry Page Overtakes Warren Buffett As World's Sixth-Richest Person

Just a couple of days after Warren Buffett celebrated his 93rd birthday, the billionaire has slipped one place on the world¡¯s richest person¡¯s list. He has been replaced by Google co-founder Larry Page as the world¡¯s sixth richest person, as per the Bloomberg Billionaires Index.

Larry Page Overtakes Warren Buffett As 6th Richest Person

indiatimes

As of September 1, 2023, seventh-placed Warren Buffett¡¯s net worth is $121 billion, whereas sixth-placed Larry Page has a net worth of $123 billion.

93-year-old Warren Buffett has added about $13 billion to his wealth this year to date, whereas 50-year-old Larry Page has added triple that, i.e., $39 billion.

Other billionaires in the top 10 richest list (rankwise) are Elon Musk ($235 billion), Bernard Arnault ($186 billion), Jeff Bezos ($162 billion), Larry Ellison ($134 billion), Bill Gates ($129 billion), Sergey Brin ($116 billion), Steve Ballmer ($114 billion), and Mark Zuckerberg ($108 billion).

bloomberg

Also Read: How Elon Musk Had Almost Sold Tesla To Google For $6 Billion In 2013

Larry Page & Sergey Brin Co-founded Google In 1998

getty

Google co-founders Larry Page and Sergey Brin met at Stanford University while studying for Ph.D.s in computer science and launched Google on September 4, 1998. Together, they invented Google's PageRank algorithm, and in 2015 they created Alphabet, which includes Google, Nest, Calisco, and other entities, as per Forbes. Each of the two billionaires notably takes an annual salary of $1 from Alphabet, and most of their wealth comes from the value of their shares in the company.

A key reason behind both of them witnessing a surge in their net worth this year is the jump in Alphabet's share price. Google parent Alphabet's shares have jumped more than 52% this year to date.

Billionaire Larry Page stepped down as CEO of Alphabet in 2019 but remains a board member and a controlling shareholder. Sergey Brin, too, has stepped down as president of Alphabet 2019 but remains a board member and a controlling shareholder. Sundar Pichai is currently the CEO of both Google and Alphabet.

Also Read: How A Lost iPhone Led To Warren Buffett Investing Billions In Apple

For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.