Google Founders May Net $8 Billion on Paper

MOUNTAIN VIEW, Calif. – It may total $8 billion.

That’s what the Google founders are expecting to earn on paper with the upcoming initial public offering of the company’s stock.

By keeping 30 percent of the shares in the company, founders Larry Page, 31, and Sergey Brin, 30, could be worth an estimated $4 billion or more each based on estimates of the value of the IPO.

Not bad for a pair of Stanford grad students who both grew up in middle-class homes as sons of college professors. And Brin, in fact, is relatively new to the country because his family moved to the United States from the Soviet Union in 1979.

Despite their remarkable success in technology, they've both turned a blind eye on the corporate American lifestyle.

At the Googleplex, the search engine’s name for its headquarters campus in Mountain View, Calif., Brin is often spotted flying on a Segway scooter, while Page prefers roller-blades and bicycles. And both get around in a Toyota Prius, the hybrid gas-and-electric car.

Brin typically wears jeans and a T-shirt to work, while Page usually wears collared shirts and khakis.

Even without the IPO, they are both billionaires – and not married.

But both have girlfriends. Page has been dating an employee at Google, while Brin has started going out with the sister of a Google employee.

Much of the the aforementioned personal information on the pair was found through Google’s social networking site – Orkut.com – which is similar to Friendster.com and the like.

On Orkut, Brin has 117 friends while Page has 111.

The pair each hold nearly 38 million shares, or about 15 percent, of the company. By the time of the initial offering, those shares could total more than $25 billion.

Each of the men are determined with the company’s newfound wealth to “Make the World a Better Place,” according to the IPO filing with the Securities and Exchange Commission on Thursday.

In the filing, Google informed potential investors that, "We intend to contribute significant resources to the foundation, including employee time and approximately 1 percent of Google's equity and profits in some form.

"We hope someday this institution may eclipse Google itself in terms of overall world impact by ambitiously applying innovation and significant resources to the largest of the world's problems," Page and Brin wrote.

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Braindance Unveils '6DOF' VR Tech

Interactive virtual reality platform Braindance has debuted its new Six Degrees of Freedom (6DOF) VR technology.

Kiiroo, Pineapple Support Launch 'Empower Hour' Series on FeelHubX YouTube Channel

Kiiroo and Pineapple Support have teamed up to launch the “Empower Hour” series on the FeelHubX YouTube channel.

Kansas Law Firm Deploys Religion, Bunk Science While Recruiting Plaintiffs Under AV Law

Kansas-based personal injury law firm Mann Wyatt Tanksley is promoting debunked scientific theories and leveraging religious affiliation against the industry while it seeks potential plaintiffs for lawsuits against adult companies under the state’s age verification law.

UK Tech Secretary Lists Age Verification Among OSA Priorities

Peter Kyle, the U.K.’s Secretary of State for Science, Innovation and Technology, on Wednesday made public a draft version of his priorities for implementing the Online Safety Act (OSA), including age verification.

AEBN Publishes Popular Seraches by Country for September, October

AEBN has released its list of popular searches from its straight and gay theaters in all 50 states and the District of Columbia.

Avery Jane Featured on 'Adult Time Podcast'

Avery Jane is the latest guest on the “Adult Time Podcast,” hosted by studio CCO Bree Mills.

FSC: Kansas Law Firm Threatens Adult Site Over Age Verification

The Free Speech Coalition (FSC) has been notified that Kansas law firm Mann Wyatt Tanksley has sent a letter threatening an adult website with a lawsuit for breaking the state's age verification law.

10th Circuit Rejects Final FSC Appeal in Utah AV Case

The United States Court of Appeals for the 10th Circuit on Monday rejected a motion by Free Speech Coalition (FSC) requesting that the full court rehear its appeal in Free Speech Coalition v. Anderson, the industry trade association’s challenge to Utah’s age verification law.

Trump Nominates Project 2025 Contributor, Section 230 Foe to Chair FCC

President-elect Donald Trump has nominated, as his pick to head the Federal Communications Commission, Brendan Carr — an author of Project 2025 who has called for gutting Section 230 protections.

Streamate's Elevate Partners With Miss Mei on Decriminalization Initiative

Streamate’s Elevate initiative is debuting a November collaboration with creator and community advocate Miss Mei that will highlight the modern criminalization of sex work.

Show More