Did you that Google controls more than 75% of the search engine market? In this article, you’ll learn Google’s net worth, earnings, shareholders, how it all began, and how it’s going.
How Much is Google Worth?
- Founded: September 4, 1998
- Founders: Larry Page and Sergey Brin
- Industry: Internet, cloud computing, computer software and hardware, artificial intelligence, and advertising
- Net Worth: $420 Billion
- CEO: Sundar Pichai
Google LLC is the biggest search engine in the world controlling over 75% of the search engine market with an estimated net worth of $420 billion. It is an American multinational technology company that specializes in internet-specialized services and products. Some of its products include online advertising technologies, a search engine, cloud computing, software, and hardware.
The company has its headquarters in Parkway, Mountain View, California, the United States of America with office locations all over the world.
The company has also delved into the smartphone market with the production of Google Pixel and other smartphone devices. What’s more, Google has also launched its digital payment platform, Google Pay which has gained immense success in a little time.
How it Started
Google was founded in 1998 by two Ph.D. students of Stanford University, Larry Page and Sergey Brin. They first created PageRank, a technology that helps to analyze the relationship between several websites, and they named it BackRub. BackRub was later renamed Google.
In September 1997, the domain name of the company was registered legally, and the company was incorporated on September 4, 1998. The company had its base in the garage of Susan Wojcicki (now CEO of YouTube) in Menlo Part, California.
A year later, the company moved its office to Palo Alto, California. However, the company soon outgrew the two locations and moved to its headquarters in Mountain View, California which is called Googleplex.
In 2004, Google became a public company via an initial public offering. In 2015, Google started operating as a subsidiary of Alphabet Inc. The company’s restructuring led to Larry Page resigning as the CEO of Google to become the CEO of Alphabet Inc. He was subsequently replaced by Sundar Pichai as the new CEO of Google
How it is Going
The company is rapidly growing with chains of products and a lot of services to their customers. Google is also leading in the development of the Android mobile operating system. In fact, Google has become the soul of the internet. Everything you do on your device be it smartphone or PC revolves around Google.
The company provides answers to all the search queries to people via its search engine. There’s a 90% chance that you entered this page through a Google search. The company is so big that they control 75% of the search engine market.
Additionally, Google also performs several operating systems that include Gооglе Вооkѕ, Gооglе Сhrоmе ОЅ, Аndrоіd mоbіlе ореrаtіng ѕуѕtеm, Gооglе ТV, Ѕmаrtwаtсh, Gооglе Сhrоmе, аnd mаnу mоrе.
The company has also entered the video game market with the launch of Google Stadia, a cloud gaming platform. In 2020, Google had major services disruption which affected Google Drive, YouTube, Google Suite, and others. However, they were all resolved within hours.
The Australian Government in January 2021, proposed legislation that would require Google and Facebook to pay media companies for the right to use their content. In response, Google threatened to close off access to its search engine in Australia
At the time of writing this report, Google has about 139,995 staff all over the world.
Who Owns Google?
Google is a subsidiary of Alphabet Inc. Google’s parent company is also involved in a broad array of businesses, including cloud computing, software and hardware, advertising services, mobile, and desktop applications. Although the company was founded by Larry Page and Sergey Brin, it is a public traded company, meaning anyone with money can be a part-owner by buying the company’s share.
However, there are people who are considered major shareholders. These people and are in charge of the day-to-day affairs of the company. Below are the top individual shareholders of Alphabet (Google).
1. Larry Page
Google’s co-founder, Larry Page is the highest shareholder of Alphabet. Although he stepped down as the company’s CEO, he is still much active as a board member of Alphabet. Larry Page holds approximately, 40.1 million Class C shares of Alphabet.
2. Sergey Brin
Sergey Brin who is also a co-founder of Google and a board member of Alphabet is the second-highest shareholder of Alphabet. Brin served as president of Alphabet until December 2019. Brin holds approximately 38.9 million Class C shares of Alphabet.
3. Vanguard Group, Inc.
Vanguard Group is the largest institutional shareholder of Alphabet. The group is also one the largest investment advisors in the United States with about $6.2 trillion in assets under management. Vanguard Group holds approximately 22.6 million Class C shares of Alphabet Inc.
4. BlackRock, Inc.
BlackRock is the second-highest institutional shareholder of Alphabet. The global investment management company is the largest asset manager in the world with about $7.4 trillion in assets under management. BlackRock Inc. holds 20 million Class C shares of Alphabet Inc.
5. T. Rowe Price Associates, Inc.
The third highest institutional shareholder of Alphabet Inc is T. Rowe Price Associates Inc. The investment management company offers a variety of account management services, funds, advisory products, and more. T. Rowe Price Associates holds about $1.2 trillion assets under management. The company holds approximately 12.2 million Class C shares of Alphabet.
Google Net Worth and Earnings
As of 2023, Google has an estimated net worth of $420 billion. The net worth of Google’s parent company, Alphabet is estimated at $1.5 trillion, which mаkеѕ іt оnе оf thе mоѕt vаluаblе соmраnіеѕ іn thе wоrld. Google earns over $50 million every day. Furthermore, Google’s revenue is expected to rise to $236 billion for 2021 as compared to the previous year. The company’s net income is estimated at $49.2 billion.
You might ask, how does Google make her money? Google makes money from multiple sources, one significant source of its income comes from advertising and ѕоmе реrсеntаgеѕ frоm thе оthеr іntеrnеt рrоduсtѕ аnd ѕеrvісеѕ.
Below is the breakdown of Google’s estimated earnings in 2023 according to trefis.com.
- Google Search and Other – $133 billion
- YouTube Ads – $28 billion
- Google Network Members’ Properties – $27 billion
- Google Cloud – $20 billion
- Other Revenues & Bets – $29 billion
- TOTAL Revenues in 2021 – $236 billion
Google has a wide range of products that are dominating the market globally. Some of their products include;
- Google Calendar, Google Maps, Duo, Google Drive, Google Meet, Google Docs, Gmail, Google Photos, Google Keep, YouTube, Google Translate, Google My Business, Google Stadia, Google Earth, Android, Chrome, Android TV, Cast, etc.
Google is one of the most valuable companies in the world. The company is among the big five IT companies in the United States. Google also controls 75% of the search engine market with its impeccable innovations. In fact, Google has become a way of life as almost everyone relies on Google to get answers to search queries.
Leave a Reply