Looking for the net worth of Google? Check out below the net worth, revenue sources, important milestones, and a lot more related to Google. Read further to know more.
Google LLC is a global technology company based in the US. Google has a global presence in the nooks and corners of the world as the world’s search engine champion.
Google was founded on September 4, 1998 by Sergey Brin and Lawrence E Page with its headquarters in Mountain View, CA.
How much is the net worth of Google?
Google is one of the topmost multinational companies around the globe that delivers internet-related services. The current net worth of Google is $420 billion
In defining how online searches are done, ‘Google’ has become a verb – a fact that attests to its indisputable popularity among the masses. Starting as a search engine, Google today offers a wide variety of services and avenues for advertisers and publishers.
Google’s prime focus includes online search, operating systems, advertising, enterprise solutions, hardware, cloud computing, and others.
Google’s official page says, “Our mission is to organize the world’s information and make it universally accessible and useful.”
Google is one among the five technology giants of the world together with Amazon, Facebook, Apple, and Microsoft.
Google.com records the highest online traffic with many other websites owned by Google rated as the most popular ones in the world including Blogger and YouTube.
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About 3.5 billion searches happen on Google in a day. Forbes ranks Google as the second most valuable brand, while Interbrand ranks it in the fourth position.
The Net Worth of Google
Google’s net worth in 2021 is more than $420 billion. Its parent company Alphabet has a net worth of about $900 billion.
From 2015, Google has been operating as the subsidiary of its parent company Alphabet, which is among the most valued corporations in the world. In a day, Google makes not less than $50 million as income.
Google generates revenue primarily through selling internet products and advertising.
Among the most valuable companies in the world, Google stands in the second position with a brand value of $140 billion. On top of Google, Apple enjoys the first place with its brand value of $200 billion.
Google’s Founders Larry Page and Sergey Brin are listed among the top 20 richest people in the world. Larry’s net worth in 2021 is $55 billion while Sergey has a net worth of $53 billion.
Google’s Annual Revenue From 2002 To 2020
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Google’s Revenue Sources
Let’s look at some Google values. Google’s initial business concept was a web search engine. Eventually the firm expanded into other products like desktop, mobile and online products.
The core of its web-based products is Google Search along with advertising, communication, publication, development, map and statistics.
Google produces the Android mobile operating system, Chrome OS, and Google TV in addition to a range of desktop and mobile applications like Google Chrome Internet browser.
Google also develops a select range of hardware like the Nexus series of mobile devices, driverless cars, and smart home devices.
Its other unique services are crisis response service and missing person finding service during disasters, emergencies and turmoil.
Despite its vast majority of products, Google primarily earns through Google network websites and online advertising on Google sites.
The other revenue-generating sources are product licensing, mobile apps, digital content, some high-end Android apps, and a range of mobile games like Candy Crush Saga, Pokemon Go, and Coin Master.
Related: Check out the net worth of Dangote, the owner of very famous Dangote cement!
Google’s Market Cap Compared To The Top 10 Global Companies
The term market cap refers to the worth of a company. Market cap is obtained by the current stock prices of the company multiplied by the number of outstanding shares.
In June 2021, the market cap of Alphabet stood at $1604.08B with an annual revenue of about $182.527B. Here is how the market cap of Google (Alphabet) compares with the top 10 big industry players.
The US-based Alphabet (GOOG) reserves the top slot among the top 10 corporations with the largest market cap. Its market cap is $1643.081B.
The second place in the list is bagged by Facebook (FB), the United States based firm with its $936.696B market cap. Tencent Holding (TCEHY) of China is seen in the third position with a net worth of $762.637B.
In fourth place, the Canada based Shopify (SHOP) stands with its $149.906B net worth. With its $93.925B net worth, the United States based Uber Technologies occupies the fifth position.
The Chinese firm Baidu (BIDU) has a net worth of $64.773B, which positions the firm in the sixth place among the largest corporations. In the seventh place, we find DoorDash (DASH) reported with a market cap of $46.856B.
In the eighth position, the China based Bilibili (BILI) sits with its $33.981B net worth. The ninth slot of the list is claimed by Zillow (ZG), the United States based firm having a net worth of $27.354B.
In the tenth place among the largest corporations, we find the US based Trade Desk (TTD) having a market cap of $27.345B.
Google & Alphabet
Since its founding, Google has been expanding into the domains of shopping, AI, smart homes, venture capital, self-driving cars and that fall outside the realms of search engine technology, its prime offering.
In order to treat the other ventures separately from the search engine side, Google’s founders have introduced Alphabet, a holding company that owns Google as well as many other companies.
This arrangement has made it a logical option for Google to expand to other territories outside of the internet search and online advertising, but still maintaining its standing as a technology conglomerate.
Alphabet acts as an umbrella protecting Google’s image from tarnishing if the other ventures have to fail for some reason.
Also, the arrangement enables exercising a better control over the company’s stocks by operating with two ticker symbols on the NASDAQ namely GOOG and GOOGL.
The stock split arrangement has also helped the founders of Google Larry Page and Sergey Brin reserve as much control as they can on Google. Google Alphabet’s net worth is about US$40.27 billion as of 2020.
Google: Third Tech Company In The US Worth $1 Trillion
In January 2020, Alphabet’s market value gained by $8 billion making Google the third technology company in the United State to become a $1 trillion corporation.
This surge in its market cap placed Google along with the other two technology giants Apple and Microsoft.
At the time when the market cap of Google touched $1 trillion value, the market caps of Apple and Microsoft stood at $1.38 trillion and $1.27 trillion respectively.
A sizable chunk of Google’s earnings in 2020 ensued from advertising estimated to account for 84% of its total annual sales.
This trend had been in vogue for quite some time, steering the company’s revenue growth by 20% year on year.
The other important aspects that helped in the growth of Google’s market cap include a series of acquisitions, expanding into cloud computing, and self-driving cars.
The data emerging from the research accomplished by Dow Jones says Google achieved the jump in market value from $900 billion to $1 trillion within a span of 47 trading days.
Google’s Net Worth: Important Milestones During Early Years
In 1996, Sergey Brin and Larry Page, Ph.D students from Stanford University conceived Google as a research project.
In the initial stage, they also involved a third person Scott Hassan who made a major contribution to write the program that fueled Google Search Engine.
He left Google before it emerged as a company to pursue a career in Robotics, eventually founding Garage in 2006.
The new search engine was named BackRub based on the logic that the major task of the search engine was to check the backlinks of websites during those times.
First misspelled as ‘googol’, the founders changed the name to Google in a short while and registered the domain name www.google.com on 15 September 1997.
Google was incorporated on 4 September 1998 first located in the garage of their friend Susan Wojcicki.
Google received its $100,000 initial funding from Аndу Весhtоlѕhеіm, а со-founder of Ѕun Місrоѕуѕtеmѕ.
Three other investors who contributed during the initial funding round were Јеff Веzоѕ, Аmаzоn.соm fоundеr, Ram Ѕhrіrаm, аn еntrерrеnеur and Dаvіd Сhеrіtоn, Ѕtаnfоrd Unіvеrѕіtу соmрutеr ѕсіеnсе рrоfеѕѕоr.
The оrіgіnаl ѕhор of Google opened at Меnlо Раrk, Саlіfоrnіа аnd Venture Capital firms invested $25 mіllіоn.
Google’s Net Worth: Important Milestones During Its Evolution
Google’s growth during the aftermath of its incorporation was phenomenal. The company shifted its operations to Palo Alto, California.
In a matter of two years, the company expanded to two more locations and also leased an office from Silicon complex and changed its name to Googleplex. In 2006, the company bought this property paying $319 million.
Google’s IPO happened on 19 August 2004. Раgе, Вrіn, аnd Ѕсhmіdt jointly announced that they would work together till 2024. In 2006, Gооglе acquired YоuТubе, the vіdео-ѕhаrіng ѕіtе in a deal of $1.65 bіllіоn.
Gооglе’s large acquisition happened оn 15 Аuguѕt 2011, when the company bought Моtоrоlа Моbіlіtу in a $12.5 mіllіоn deal. Тhіѕ acquisition helped Google avoid patent disputes with Apple and Microsoft and continue to give Android for free.
In 2012, Google made an annual revenue of $50 bіllіоn, an increase from the $38 bіllіоn recorded during the previous year. In 2013, Google acquired Wаzе fоr $966 mіllіоn.
In 2015, Gооglе decided to reorganize its interest by creating a conglomerate called Alphabet making Google, its principal subsidiary.
After this move, Раgе ѕtерреd down from Gооglе СЕО becoming Alphabet’s СЕО and Ѕundаr Рісhаі became the Gооglе СЕО.
In Маrсh 2019, Google launched Ѕtаdіа, a cloud gaming platform and became a leading gaming company.
In the face of Covid-19 pandemic, Google announced several cost cutting measures and successfully solved some serious outages that disrupted the Google Drive, YouTube and the whole of Google applications in a row.
Top 5 Google Shareholders And The Value Of Their Shares
The profitable journey of Google, the phenomenal rise in its share prices and resulting market value have together helped produce several millionaires. Google’s shareholders are among the luckiest investors seeing their net worth grow with the prospects of the company.
Larry Page, one of the founders holding the biggest chunk of Google’s shares is the richest among the investors funding the firm.
He owns 40.1 million shares of Type C. He is a board member of Alphabet.
He was the Alphabet CEO till December 2019 when Sundar Pichai replaced him, becoming the CEO of both Alphabet and Google. Forbes places Larry Page among the wealthiest persons in the US.
In the second position, we find the co-founder Sergey Brin holding 38.9 million shares of the same C type.
He is notably the second wealthiest person who has invested in Google. Until 2019, he served as the president of Alphabet.
Born in Russia, Sergey Brin came to the US at the age of six in 1979. He met Larry Page during his research studies at Stanford. When Google went for IPO in 2004, he became a billionaire along with Larry Page.
The third highest number of 22.6 million shares of Type C is held by the Vanguard Group, Inc. and the fourth highest number of shares is held by BlackRock, Inc., which has a stake of 20 million shares of the same kind.
The fifth largest investor in Google is T. Rowe Price Associates, Inc. with 12.2 million shares of type C.
The brainchild of two people, Google holds over 75% of the online search engine market today. Google has created a phenomenal revolution in the world of information sharing.
Once Google was also named the biggest IT company on the earth. Google is the backbone of smartphones since it has developed an oceanic number of apps to support these devices.
One of the keys of Google’s success is its capabilities to launch a beta version of a product while continuously improving during every iteration.
Google initially monetized its search engine capabilities through the ideas of Google Adwords, and other types of online advertising that brought phenomenal revenue to the firm.
A long list of successful products launched by Google including YouTube, Google Maps, Google Apps, and Google Cloud brought laurels and a growing recognition among the masses.
Any child living in a remote part of the globe today knows Google. The journey of Google had never been a smooth one.
However, the determination, hard work and abilities of its founders helped steer the company towards profitability, popularity and success.