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Google Founders Larry Page And Sergey Brin Earn $42 Billion In 100 Days

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Google Founders Earn $42 Billion

How Google Founders Earn $42 Billion In 100 Days

The Google founders, Larry Page (48) and Sergey Brin, (47) have earned more money collectively than the entire foreign exchange reserves of the largest African economy.

The impressive growth in the US economy has put an imprint on Google stock as its founders saw their asset valuations surge.

Larry Page, who is currently valued at $104 billion, made $21.2 billion in 100 days, while Sergey Brin, with a fortune of $100 billion, made $20.4 billion over the same period. Together, the two made $41.6 billion, surpassing Nigeria’s foreign exchange reserve which is currently grossed at $35 billion.

Most of Larry Page’s fortune comes from his stake in Alphabet, the parent company of Google. The Stanford-trained entrepreneur currently has $12.6 billion in cash.

Sergey Brin’s asset valuation also stems from his involvement in the world’s most popular search engine and presently, his cash holding is valued at $12.7 billion.

The impressive growth from the world’s most powerful economy boosted buying pressure on Google shares and its founders saw their wealth valuation surge. Global investors are increasingly holding on to the tech juggernaut’s shares as amazing economic data from America’s service industries coupled with an advance in the tech sector fueled the hike in Google shares seen in recent months.

As a result, investors are raising a significant amount of funds into Alphabet Inc., the parent company of Google, with reports saying it won its most recent supreme court case against Oracle, a case that has lingered for about 3 years.

Recent price moves show the stock is currently trading at $2,285.88 and is approaching its 52-week high of $ 2,289.04 with the annual return on investment currently standing at 89%.

Stock pundits are surprised by such record gains in Google shares despite a swift move seen lately by some institutional investors into utility, energy-based stocks, and of late U.S Treasury bonds. The company currently has a market value of about $1.54 trillion.

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