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.
The following timeline details Eric Schmidt ’s tenure as Google Inc. ’s chief executive officer from 2001 to 2011. The company announced yesterday that Schmidt will become executive chairman, ceding the CEO position to co-founder Larry Page .
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Apple Inc. co-founder Steve Jobs urged Google Inc. Chief Executive Officer Larry Page to sharpen the company’s focus and cut products that put it at risk of becoming like Microsoft Corp., according to a biography of Jobs.
Google Inc.’s challenge to Facebook Inc. in social networking, an effort analysts said will cost more than $200 million, probably slowed second-quarter profit growth for the world’s largest Web search engine.