LARRY PAGE

About:
Lawrence Edward Page is an American computer
scientist and Internet entrepreneur. He is best known for
being one of the co-founders of Google along with Sergey
Brin.
As of January 2020, Page is the 8th-richest person in the
world, with a net worth of $66.3 billion. Forbes placed
him 10th in the list "Billionaires 2019". Page is the co-
inventor of PageRank, a well-known search ranking
algorithm for Google, which he wrote with Brin. Page
received the Marconi Prize in 2004.

Early Life:
Page was born on March 26, 1973 in Lansing, Michigan. His house was a mess,
with computers, science, and technology magazines and Popular Science magazines all over the
place, an environment in which he immersed himself. The combined influence of Page's home
atmosphere and his attentive parents "fostered creativity and invention. He became the "first kid
in his elementary school to turn in an assignment from a word processor". Page holds a Bachelor
of Science in computer engineering from the University of Michigan, with honors and a Master
of Science in computer science from Stanford University. While at the University of Michigan,
Page created an inkjet printer made of Lego bricks (literally a line plotter).

Rise as an Entrepreneur:
I n 1998, Brin and Page incorporated Google, Inc. Following inception, Page
appointed himself as CEO, while Brin, named Google's co-founder, served as Google's president.
The pair's mission was "to organize the world's information and make it universally accessible
and useful. "With a US$1-million loan from friends and family, the inaugural team moved into a
Mountain View office by the start of 2000.
Before Silicon Valley's two most prominent investors, Kleiner Perkins Caufield & Byers and
Sequoia Capital, agreed to invest a combined total of $50 million in Google, they applied
pressure on Page to step down as CEO so that a more experienced leader could build a "world-
class management team." Page eventually became amenable to the idea after meeting with other
technology CEOs, and Page moved aside to assume the President of Products role.
Page led the acquisition of Android for $50 million in 2005 to fulfill his ambition
to place handheld computers in the possession of consumers so that they could access Google
anywhere.

Acquisition strategy and new products:

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When acquiring products and companies for Google, Page asked whether the business
acquisition passed the toothbrush test as an initial qualifier. This approach looked for usefulness
above profitability, and long-term potential over near-term financial gain, which has been noted
as rare in business acquiring processes.

With Facebook's influence rapidly expanding during the start of Page's second tenure, he finally
responded to the intensive competition with Google's own social network, Google+, in mid-
2011. After several delays, the social network was released through a very limited field test.
In August 2011, Page announced that Google would spend $12.5 billion to acquire Motorola
Mobility. The purchase was primarily motivated by Google's need to secure patents to protect
Android from lawsuits by companies including Apple Inc. In 2014, Page sold Motorola Mobility
for $2.9 billion to Personal Computer maker, Lenovo which represented a loss in value of $9.5
billion over two years.
Page also ventured into hardware and Google unveiled the Chromebook in May 2012. The
hardware product was a laptop that ran on a Google operating system, Chrome OS. In September
2013, Page launched the independent Calico initiative, a R&D project in the field of
biotechnology. Google announced that Calico seeks to innovate and make improvements in the
field of human health, and appointed Art Levinson, chairman of Apple's board and former CEO
of Genentech, to be the new division's CEO.
On August 10, 2015, Page announced on Google's official blog that Google had restructured into
a number of subsidiaries of a new holding company known as Alphabet Inc with Page becoming
CEO of Alphabet Inc and Sundar Pichai assuming the position of CEO of Google Inc.

Other Interests:
Page is an investor in Tesla Motors. He has invested in renewable energy
technology, and with the help of Google.org, Google's philanthropic arm, promotes the adoption
of plug-in hybrid electric cars and other alternative energy investments. He is also a strategic
backer in the Opener startup which is developing aerial vehicles for consumer travel. Page also
helped to set up Singularity University, a transhumanist think-tank. Google is one of the
institution's corporate founders and still funds scholarships at Singularity University.

Achievements:
1) In 2002, Page was named a World Economic Forum Global Leader for Tomorrow.
2) In 2004, he received the Marconi Foundation's prize and was elected Fellow of the Marconi
Foundation at Columbia University.

3) Page was also Award Recipient and National Finalists for the EY Entrepreneur of the Year
Award in 2003.

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4) In 2004, he was elected to the National Academy of Engineering.

5) In 2009, Page received an Honorary Doctorate from the University of Michigan during a
graduation commencement ceremony.

6) In 2011, he was ranked 24th on the Forbes list of billionaires, and as the 11th richest person
in the U.S.

7) In 2015, Page's Powerful People profile on the Forbes site states that Google is the most
influential company of the digital era.

8) As of July 2014, the Bloomberg Billionaires Index lists Page as the 17th richest man in the
world, with an estimated net worth of $32.7 billion.

9) At the completion of 2014, Fortune magazine named Page its Businessperson of the Year,
declaring him the world's most daring CEO.

10) In October 2015, Page was named number one in Forbes' America's Most Popular Chief
Executives , as voted by Google's employees.