Sergey Brin holds a hefty 19 million shares in Alphabet, giving him nearly 3% ownership of the company. As one of the original minds behind Google, which he co-founded with Larry Page back in 1998, Brin has been instrumental in shaping the tech behemoth we know today. While he took a step back from day-to-day operations in 2019, Brin continues to play a key role in Alphabet's strategic decisions, especially focusing on innovative startups and new tech ventures.
- Larry Page and Sergey Brin, the brains behind Google, own a good chunk of the company.
- Since its launch, it has not just changed how we find information and use the internet.
- Share buybacks decrease the total number of Alphabet’s outstanding shares and allow shareholders, including Larry and Sergey, to sell some shares and keep the same voting power.
- In terms of executive positions, Sergey Brin was Google's President from the company's founding date in 1998 until 2019.
- GOOGL shares trade for a tiny premium to their GOOG counterparts, but all three share classes represent the exact same economic interest in the business.
Even if their voting power drops below 50% of all voting shares, they still have enormous influence. They can easily mobilize other shareholders to support their actions. This unusual structure creates stability and continuity in leadership. Google is a subsidiary of Alphabet, which is a publicly traded holding company. Sergey Brin is also the co-founder and institutional shareholder of Google Inc.
Be aware of the founders’ super-voting powers and the fact that it is not going away anytime soon. Not necessarily, as is apparent from the last couple of years when Larry and Sergey are still selling shares, but their voting power is stuck slightly above 50%. This is possible thanks to Alphabet Inc. buying back a massive amount of its own shares each year. Eric Schmidt owned 72 million shares in Alphabet and controlled 616 million shareholder votes as of December 2022. Sergey Brin owned 739 million shares in Alphabet and controlled 3,687 million shareholder votes as of December 2022. Larry does not have any active management role within Google or Alphabet anymore.
Google’s Class C Common Stocks
It supports powerful features like Chrome Sync, developer tools, extensions, and regular updates across platforms—desktop who own google now and mobile. This digital storefront for apps, games, books, movies, and music launched in 2012 by merging Android Market with Google Music. Google Play drives revenue via app sales, in-app purchases, subscription services, and digital content licensing.
In 2015, it restructured under Alphabet Inc., allowing its diverse ventures—like Waymo (self-driving cars) and Verily (health tech)—to flourish independently. With 183,554,964 shares, State Street’s stake highlights its strategic investment in one of the tech world’s leading names. As President and Chief Investment Officer, Porat’s 112,836 shares signify her crucial role in steering Alphabet’s financial strategies towards sustained growth. Holding a commanding 366,967,000 shares as of May 2023, Brin’s vision extends beyond his board member role, focusing now on Alphabet’s ventures into artificial intelligence and beyond.
Brin's 19 million shares not only represent his deep connection to the company he helped build but also signify a significant ownership position within Alphabet Inc. His ongoing dedication highlights his unwavering support for the company's growth and prosperity, ensuring his impact is felt throughout Google's parent organization. Since joining Google, Sundar Pichai has proved to be a pivotal figure in its transformation into one of the most successful technology companies today. His implementation of innovative products has enabled Google to expand its worldwide presence.
- Since taking over from Larry Page in 2015, Sundar Pichai has brought a wealth of experience and a clear vision for Alphabet's future.
- BlackRock, Inc. is the world’s largest asset manager, with assets under management of $10 trillion.
- Alphabet also stands out thanks to the voting control the founders Larry and Sergey have over the company.
- Alphabet Inc., the parent company of Google, was formed in 2015 amid Google’s corporate restructuring.
- In 2015, Google underwent a significant restructuring, creating Alphabet Inc. as its parent company.
BlackRock is the second-largest shareholder of Alphabet, owning 6.2% of its shares. However, because other shareholders hold super-voting shares, BlackRock’s voting power is only 2.8%.As of December 2022, the market value of BlackRock’s stake in Alphabet was $70.8 billion. Vanguard is the largest shareholder of Alphabet, owning 7.0% of its shares. However, because other shareholders hold super-voting shares, Vanguard’s voting power is only 3.3%.As of December 2022, the market value of Vanguard’s stake in Alphabet was $80.1 billion.
As a publicly traded entity, Alphabet‘s ownership is distributed among a diverse array of stakeholders, including institutional investors such as the Vanguard Group, BlackRock, and Fidelity Management & Research LLC. Notable individuals who hold shares in Alphabet include Sundar Pichai, the CEO, and Larry Page and Sergey Brin, the co-founders. Google, founded by Larry Page and Sergey Brin on September 4, 1998, during their PhD studies at Stanford University, has grown into a cornerstone of the digital age.
Sergey Brin
This photo and video storage service offers free and paid backup options, smart organization, search by content, editing tools, and sharing options. It integrates with Google Drive and often receives AI-powered enhancements. This virtual assistant leverages advanced AI to power voice commands on phones, speakers, smart displays, cars, and other devices. It supports smart home control and is deeply embedded in Android and Google services. It includes Gmail, Calendar, Drive, Docs, Sheets, Slides, Meet, and Chat. It serves businesses and education sectors with collaboration tools, admin controls, and enterprise-level support.
Top Google Institutional Shareholders
The most well-known example is the Waymo self-driving vehicle startup, but there are several others. For the longer version, Google is actually a broad collection of businesses, which is itself split into two segments — Google Services and Google Cloud.
Here is a rundown of the largest (known) individual and institutional shareholders. The Vanguard Group Inc is a registered investment advisor with worldwide recognition as an investment management company. The firm provides a broad investment selection to serve individuals, institutions, and financial professionals. Vanguard Group Inc. has a portfolio of $6.2 trillion in global assets under management.
Google’s Class B Common Stocks
Let's delve into the ownership structure of Alphabet Inc., the parent company of Google, and explore who holds the reins in this tech giant. At the helm are Larry Page and Sergey Brin, the founders wielding significant influence as major shareholders. Alphabet's ownership is divided into Class A and Class C shares, with Class B shares reserved for insiders like Page and Brin. Page owns 19.8 million shares, amounting to 3.0% of the total outstanding shares, while Brin holds 19 million shares, nearly 3% of the company's stock. Alphabet Inc., the parent company of Google, is a publicly traded company, meaning it’s owned by its shareholders. These include institutional investors, retail investors, and company insiders.
It was time for a battle, which would finally allow Google to have its chance for the second stage of massive growth regarding users’ acquisitions and revenues. Even though it had launched its AdWords network, which would allow it to speed up its growth, Google’s business model was still transitioning. That’s because Bill Gross had figured the advertising market had massive potential, as he introduced an auction-based system for bidding businesses based on performance and clicks. Back in the day, Brin and Page didn’t hide their resentment toward the advertising business model, which was the prevalent model for search.
Back in 1998, Google used to process 10 thousand search queries, but now it processes 8.5 billion queries on an average, which comes up to 99 thousand queries per second. Alphabet Inc. (GOOGL), the parent company of Google, owns several other companies in addition to the search engine giant. Seven major companies owned by Alphabet are YouTube, Waze, DoubleClick, Nest, Looker, Fitbit, and Mandiant. Alphabet is a publicly traded company that is owned by its shareholders.
Capital Research & Management (Capital Group)
Google is primarily owned by its founders, Larry Page and Sergey Brin, who have more than 51% voting power. Other individual shareholders comprise John Doerr (1.5%), a venture capitalist and early investor in Google, and CEO, Sundar Pichai. The most prominent institutional shareholders are mutual funds BlackRock and The Vanguard Group, with 2.7% and 3.1%, respectively.