Google continued to grow quickly and held its initial public offering in 2004. At this point, they had taken a $1 million loan from friends and family to move into a new office in Mountain View. By 2000, Google had indexed one billion URLs. Larry and Sergey built Google over the next few years. Once they found Andy Bechtolsheim (former vice president of Cisco Systems), who invested $100,000, they dedicated their lives to creating Google. This failed, so they looked for Angel Investors. As it grew, it required more servers to manage.Īt this point, they tried to sell their idea for $1 million to various companies. The first version became available on the Stanford site in August of 1996 and quickly became popular among Stanford students.
Google was actually "BackRub" in the beginning, but they changed it to "Googol," then eventually finalized the name as Google. They took spare parts from cheap computers to create a device to connect to their new search engine. As crazy as it seems, they built this sophisticated algorithm from Larry Page's small dorm room. Google still uses this algorithm to this day! Larry Page played a significant role in the discovery that using the relevance of backlinks could help create a superior search engine algorithm. Together, they developed the PageRank algorithm, used to determine the importance of web pages. They became close friends over the course of a few years (and later became partners that would rewrite history). To the surprise of many, the Google co-founders didn't even like each other when they first met while attending Stanford. Larry Page Net Worth (Estimated): $66 billion Creating Google
They are now some of the wealthiest people in the world! Keep reading to learn more about Larry Page's net worth, his journey creating Google, how he invests in real estate and other businesses, as well as other facts about his life. He and his business partner, Sergey Brin, have written themselves into history by creating the largest search engine. Larry Page is an entrepreneur whose net worth trajectory began with the creation of Google and continues with many other investments.
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