8 Ways The Former Google CEO Larry Page Spends His Billions-Dollar Fortune
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Larry Page and Sergey Brin were Ph.D. students at Stanford University when they co-founded Google. It is a powerful search engine that revolutionized the way people use technology. After taking over major companies like YouTube, Gmail, Drive, Maps under its belt, Google Inc. is one of the most powerful companies in the world. Page was the CEO of Google until 2001 and later the CEO of the parent company of Google Alphabet Inc. until 2015. Over the years, Page has made several hefty purchases for himself and his family through his $110.7 billion fortune to enjoy a comfortable life post-retirement.
Along with investing in new technology start-ups developing new devices, Larry Page has spent his fortune on vacations, real estate, and donating his shares to help people. One of the few co-founders with a $1 salary, let’s take a look at how Larry Page spends his net worth.
Real Estate
Larry’s first real estate purchase occurred in 2005 when he bought a home in Palo Alto, California, for $7.2 million. The home was previously owned by Pedro de Lemos of the Bay Area until 1941. The Spanish-style mansion was built by using parts of a salvaged church. Spread across 6,000 sq. ft of area, it has four bedrooms and a rooftop solar panel. In 2009, Page began purchasing properties around the area to create a complex in the neighborhood. As noted by NY Post, some of his homes are rented to tenants while he uses some of the estates for his relatives.
Expensive Vacations
The former CEO is famously known to vacation in Fiji with his family and friends. During the second pandemic wave in 2021, Page arrived on a Fijian island with his family and asked the government to ensure no media converge to be telecast of his medical donations to the country or his arrival. He traveled to the island on his private jet, which also had medical tools such as masks and gowns to be given to the island's public and hospital staff.
Motorboats
Purchased in 2011, Page owns a stunning 60-meter superyacht called Senses. He acquired the yacht from Sir Douglas Myers, a New Zealand businessman. As mentioned by Boat International, Senses is designed by Philippe Starck and can accommodate 12 guests onboard simultaneously. It features six wave runners, a jet board, and three high-speed tenders. It was first built in 1999 and was renovated multiple times before Page took ownership of the motorhome.
Private Aviation
Larry doesn’t just own one private jet; along with the co-founder of Google and Eric Schmidt, they own a fleet of eight private jets. The co-founders bought their first private jet in 2005 for $15 million and spent an additional $10 million to be redesigned to accommodate 50 people. Their fleet includes a Boeing 757, two Gulfstream Vs, and a Dornier Alpha private jet. Along with owning jets, Page also co-owns a private terminal at the San Jose International Airport that cost $82 million to be built in 2013.
Car Collection
While many tech moguls are known to own supercars from major automakers like Lamborghini and Rolls Royce, the former CEO of Google has limited cars in his garage. A friend of Elon Musk, Page was heavily influenced to purchase a Tesla Roadster. The $200,000 car reaches 0 to 60 MPH in merely 1.9 seconds and has a range of 620 miles. According to CNBC, Page still drives a navy blue Toyota Prius that costs $39,920 when he heads to the Google headquarters.
Adventure Sports
Ever since retiring from his position as CEO, Larry has taken lessons from the founder of Virgin Group, Richard Branson, on how to take a break. Already an adventure sports fanatic, he has shown interest in kitesurfing. Branson invited Page and his wife to his private Necker Island in the British Virgin Islands to kitesurf. And the pair were photographed enjoying the sea and trying their hand at the adventure sport.
Google Camp
Page and Brin host exclusive Google Camps for their employees every year in Sicily. The retreat is held at the Verdura Resort every year, which has a private coastline of the Mediterranean, a 200-foot infinity pool, and 18-hole golf courses. The resort is also the host of seven restaurants, and the cost of one person’s stay is $2,000 per night. A private villa at the resort can offer a private pool, dining area, complimentary spa treatments, and two golf carts, as reported by Business Insider.
Philanthropy
Known to donate hundreds of thousands of dollars worth of Google shares to charity, Larry has always funded non-profits close to his heart. In 2018, the co-founder donated a portion of his Google earnings to Carl Victor Page Memorial Foundation, a charity organization named after his father. In 2014, he gave away $25 million through the same foundation and Google to aid against Ebola.
From making lavish purchases to helping people, Larry Page is one of the few billionaires who constantly uses his money to invest in technology and causes close to him. The former CEO of Google is currently investing in start-ups developing Flying Cars that are the introduction to the future of new technology in the coming years.
Sources: NY Post, Boat International, CNBC, Business Insider
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