The majority of Brin's fortune is held in Google, the publicly traded search engine company he co-founded with Larry Page in 1998. Brin, who stepped down as president of technology in 2011 to direct the company's special projects, also oversees a large investment portfolio. He has sold more than $3.6 billion worth of Google stock since 2004.
More than 330 million new shares of Google Inc. landed in the U.S. equity market today, completing a two-year process through which Sergey Brin and Larry Page are cementing control of the world’s third-biggest company.
U.S. stocks fell, after benchmark indexes climbed to records, while Treasuries rose before the government releases its monthly jobs report. The euro weakened as the region’s central bank said it’s prepared to take action to head off deflation.
Alibaba Group Holding Ltd., poised for the biggest initial public offering since 2012, could take a definitive step toward that goal by filing to go public in the U.S. as soon as next month, according to people with knowledge of the matter.