|Legal Name:||Google LLC|
|Headquarters Regions:||Mountain View, California, United States|
|Founded Date:||4 September 1998|
|Founders:||Larry Page, Sergey Brin|
|Number of Employees:||135000+|
|Area served:||United States of America and World|
|Products of Company:||multinational technology company that specializes in Internet-related services and products|
|Net Worth in 2023:||$420 Billion|
Google is a multinational technology company legally known as Google LLC. Google specializes in Internet-related services, including online advertising technologies, computer hardware, cloud computing, search engine, and artificial intelligence computer software. It is among the big five technology companies in the US, others being Facebook, Apple, Microsoft, and Amazon.
Google takes the second position in the most valuable companies, having a brand value of $140 billion. It is below Apple, which has a brand value of around $200 billion. Its founders, Larry Page and Sergey Brin, are among the list of 20 most-richest people in the world. Larry has a net worth of $55 billion, while Sergey has a net worth of $53 billion.
Maybe you have heard about Google, but you do not know when it was founded and where it is located. This article will talk more about this company, its net worth and other things you might want to know about it.
Well, how well do you know about Google? If not much, we have compiled all you need to know about Google’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about Google to date.
Google began as a research project by Larry Page and Sergey Brin in 1996. Both of them were PhD. Students from Stanford University but involved a third person, Scott Hassan, who was the lead programmer and wrote much of the initial Google search engine. Unfortunately, he left before Google finally became a company to pursue a career in Robotics, but h later founded Willow Garage in 2006.
Search engines ranked results by counting how many times search terms appeared on the page. This made them look for a better way to analyze the relationship between various websites and called it PageRank. Page and Brin changed the name of the new search engine to BackRub as the system could check backlinks.
After a short while, they changed the search engine to Google, but the word was first misspelled as “googol.” www.google.com, as the domain name was registered on 15 September 1997. On 4 September 1998, Google Company was incorporated. It was located in the garage of their friend, Susan Wojcicki. The first employee to be hired was Craig Silverstein, a fellow PhD. Student at Stanford.
The initial funding of Google was $100,000 by Andy Bechtolsheim, a co-founder of Sun Microsystems, and the money was given before its incorporation. It received money from three other investors; Jeff Bezos, Amazon.com founder, David Cheriton, Stanford University computer science professor, and Ram Shriram, an entrepreneur.
All this added up reached $1 million, and they were able to open their original shop at Menlo Park, California. Google continued to receive several other investments, and a new one of $25 million was invested by Venture Capital firms.
After its incorporation, there was rapid growth, and the company moved its offices to Palo Alto, California. By 2003, the company had outgrown to two other locations and leased an office from Silicon Complex, changing the name of the complex to Googleplex. The company bought the property from SGI at $319 million in 2006, and at this time, Google had become everyday mention. Earlier in 2001, Google investors had agreed together to hire Eric Schmidt as the chairman and CEO.
The Initial Public Offering (IPO) on Google happened on 19 August 2004. Page, Brin, and Schmidt came together and agreed to work together for twenty years, until 2024. Google announced having acquired YouTube, a video-sharing site, in October 2006, for $1.65 billion.
Google made its ever largest acquisition on 15 August 2011, after announcing that it will acquire Motorola Mobility for $12.5 million. This was to help protect Google on patent disputes with other companies, i.e., Apple and Microsoft, and continue offering Android freely.
For the first time, Google generated annual revenue of $50 billion in 2012, an increase from $38 billion the previous year. Google acquired Waze for $966 million in June 2013. By 2015, Google agreed to reorganize its interest to a conglomerate called Alphabet, where Google became Alphabet’s leading subsidiary. After the restructure, Page stepped down from Google CEO to the CEO of Alphabet, while Sundar Pichai took over as Google CEO.
Google entered the video game market in March 2019 after launching a cloud gaming platform known as Stadia. Google announced the various cost-cutting measure in April 2020 due to COVID-19 Pandemic. Still, in 2020, Google experienced threw outages that disrupted its services; one was affecting Google Drive in August, another one in November affecting YouTube, and another one in December affecting the whole Google applications. The good thing is that all of them were resolved within hours.
Australian government suggested in January 2021 that Google and Facebook should pay media companies for the right to use their content. Google threatened to close access to its search engine in Australia as a response.
Awards & Achievements
Google Company is one of the most successful companies in the world. It takes control of more than 75% of the search engine market. Google has been named as the second valuable brand in the world, after Apple. It is also included in the big four technology companies in the world.
Net Worth & Earnings of Google in 2023
As of 2023, Google has an estimated net worth of around $420 billion. Alphabet, as a parent company to Google, has an estimated net worth of $900 billion, thus making it one of the most valuable companies in the world. Google makes an estimate of $50 million daily. The main source of revenue for Google is advertising and offering internet products and services.
Google’s net worth will definitely be on the higher side in upcoming years, considering its previous and current performance.
Google is one of the most visited websites all over the world. It is one of the most valuable multinational companies in America that offer its customers any kind of internet-based services and products. Although it faces a lot of criticisms such as tax avoidance, privacy among others, the company has continued to grow.
All thanks to the founders of Google as they brought an easy way to access information. It has been considered to be a great solution to the current global market through which information can be shared easily, making the world a global village.