The majority of Page's fortune is held in Google, the publicly traded search engine company he co-founded with Sergey Brin in 1998. Page is the company's CEO, a title he claimed from billionaire Eric Schmidt in 2011. Together, Brin and Page own about 16 percent of the company. Page has sold more than $3.5 billion of Google stock since 2004.
In the past few years, technology companies have spent ludicrous amounts of money to buy patents. But they're discovering, as the drawn-out lawsuits over intellectual property play out, that owning the rights to old inventions may not be worth as much as actually inventing and selling new things.
Julian Robertson, whose Tiger Management LLC was once one of the world’s largest hedge-fund firms, said Google Inc. has established a better leadership culture than Apple Inc. to ensure long-term success.
Google Inc. shares fell the most in four weeks after the owner of the most popular Internet search engine reported second-quarter sales and profit that missed estimates as mobile advertising crimped average prices.
Google Inc., operator of the world’s largest Internet search engine, settled a lawsuit on the brink of trial over a plan for a stock split that shareholders claimed would unfairly allow founders Larry Page and Sergey Brin to strengthen their corporate control.
Google Inc. Chief Executive Officer Larry Page disclosed a health condition that can result in hoarse speech and labored breathing, though according to doctors won’t impede him from running the Web-search provider.
Legislation to give Verizon Communications Inc. and Google Inc. legal protection for sharing cyber-attack information with the U.S. government has stalled after leaks about spy programs showed the companies are already turning over data.