Google Co-Founders Enter Forbes 400 With $11 Billion Net Worth

Strategic Insights -

Google's IPO has propelled its two co-founders, Sergey Brin and Larry Page, to the 16th spot on Forbes' annual list of the 400 richest Americans, with each having a net worth of $11 billion. The couple's rapid ascent to the upper echelons of the list is notable, surpassing Microsoft co-founder Bill Gates' post-IPO wealth accumulation. This comes on the heels of Google's follow-up public offering this month, which raised $4.18 billion. The collective net worth of the top 10 richest Americans has climbed $125 billion, with the poorest members of the list having a net worth of $900 million.

Key Takeaways:

  • Google co-founders Sergey Brin and Larry Page entered the Forbes 400 list at No. 16 with a net worth of $11 billion each.
  • Their rapid wealth accumulation is surpassed only by Bill Gates' post-IPO growth.
  • Google's follow-up IPO raised $4.18 billion, and the company has earned $1 billion since going public.
  • The collective net worth of the top 10 richest Americans has climbed $125 billion.
  • The poorest members of the list have a net worth of $900 million.
  • Carl Lindner Jr. was the richest Cincinnatian with a net worth of $2 billion.
  • Richard Farmer, chairman of Cintas Corp., made the list at No. 235 with a net worth of $1.4 billion.
  • Seven Ohioans made the list, with three from the Lerner family in Cleveland.
  • No Kentuckians made the list.

Statistics:

  • $11 billion: Sergey Brin and Larry Page's net worth each.
  • $51 billion: Bill Gates' net worth, the highest in the country for the 11th straight year.
  • $22.5 billion: Paul Allen's net worth as the fourth richest person on the list.
  • $18.0 billion: Michael Dell's net worth as the fifth richest person on the list.
  • $40 billion: Warren Buffett's net worth, making him the second richest person in the country.
  • $4 billion: Sergey Brin and Larry Page's net worth last year when they were ranked No. 43.
  • $1 billion: Google's earnings since going public.
  • $4.18 billion: The amount raised by Google's follow-up public offering.
  • $125 billion: The collective net worth climb of the top 10 richest Americans.
  • $900 million: The net worth of the poorest members on the list.
  • 11th: The consecutive year Bill Gates was the richest person in the country.
  • 43: Sergey Brin and Larry Page's ranking last year on the Forbes 400 list.
  • 16: Sergey Brin and Larry Page's ranking this year on the Forbes 400 list.

Sources:

  • Associated Press, "Google Co-Founders Enter Forbes 400 With $11 Billion Net Worth"