Google, or BackRub, is the largest multinational tech company with online products and services, including a search engine, software, and hardware. It is one of the four big technology companies among the United States technology firms; these four firms are ‘Amazon, ‘Apple,’ Microsoft,’ and of course ‘Google.’ Today, we’ll dive into the topic of who owns Google.
The tech giant was founded in September 1998 by Sergey Brin and Larry Page in California while they were students at Stanford University. These two men achieved a significant breakthrough in the tech world. In this article, we will talk about Google, including who owns Google and its shareholders.
What Is Google?
Google is the most commonly used search engine worldwide, and it started development by Sergey Brin and Larry Page in 1996. These two people improved the search engine as a project at Stanford University. Its original name was BackRub. Then, these two friends decided to change the name of their search engine. These two friends’ source of inspiration for the search engine’s name was the word ‘googol.’ What does ‘googol’ mean? It is a mathematical word and equals 1, followed by one hundred zeros. Mathematicians use it to describe a huge number. That’s why, when we look at Google’s source of inspiration and its function, it is a perfect idea!
Now, the tech giant is managed in Mountain View, California, the United States. The Google domain name, google.com, was bought on September 15, 1997.
Google provides countless products and services; even Google’s workers may not completely say all of these services at a sitting. However, the most commonly known and used Google services are Gmail, Youtube, Docs, Photos, Calendar, Translate, and Google Play. On the other side, Android Auto, Android O.S., Chromebook, and Android T.V. are some of Google’s products.
The most important advantage of Google is that the company offers these hundreds of services for free. For this reason, it wouldn’t be wrong to say that Google dominated the tech world. It is becoming more and more popular with each passing day. Well, the first question coming to mind is that who owns Google?
Who Really Owns Google?
The company is still managed by two co-founders, Sergey Brin and Larry Page. Page and Brin have %51 of the voting power. However, there are also many individual and institutional shareholders of the company. The most prominent individual shareholders are John Doerr and Sunder Pichai. Doerr is a venture capitalist and first investor of Google, and Pichai is the current Chief Executive Officer(CEO) of the company since October 2, 2015. Here are Google’s top owners and shareholders;
Page is one of Google’s co-founders. Now, he is a board member of the Alphabet. Page holds approximately 44.6 million shares of Class B stock and another 44.6 million shares of Class C stocks.
Brin is the other co-founder of Google. Like Page, he is a board member of the Alphabet. He was born in Russia and came to the U.S. with his family in 1979. Brin is the second-largest Class C shareholders. He also holds Class B stocks, like Page.
These two co-founders met each other at Stanford University in California. They developed an early version of Google as a research project, and then in 1998, they founded the company in California. Also, Google was offered to the public on August 19, 2004.
Pichai worked for the software division of Google. He became CEO of the company on October 2, 2015. He holds all types of the company’s shares; Class A, Class B, and Class C stocks.
Vanguard Group, Inc
Vanguard Group is one of the largest investment advisors across the U.S. The company holds approximately $22.6 million of Class C shares in Alphabet. Thus, this amount of share makes it the third-biggest shareholders of the company.
BlackRock is the largest asset manager all around the world. It is also a global investment management company founded by Laurence D. Fink and the other seven people in 1988. BlackRock holds almost $20 million of Class C shares in Alphabet. Therefore, this amount of share makes it the fourth-biggest shareholders of the company.
T. Rowe Price Associates, Inc
T. Rowe Price Associates holds approximately $12.3 million of Class C shares in Alphabet.
FAQs About Who Owns Google
Google is an American multinational tech company founded on September 4, 1998, in California, USA.
Remember, Alphabet didn’t exist before 2015. According to Google management, the most important reason for the transformation was ‘increase in transparency and oversight.’ However, most sources say transparency and oversight increased for company management rather than investors.
Well, not all of Google’s stocks are equal. There are three different classes of shares in Google; these are Class A, Class B, and Class C. The difference between Class A and C is that Class C shares have voting power, unlike Class A. Besides, Class B shares are only owned by the insiders of the company, and these aren’t offered on the market.
When one of the founders of Google dies, his stocks will be transferred to Class A shares.
According to some sources, the Alphabet’s net worth is $992.45 billion on October 9, 2021. Well, how can you calculate it yourself? You need to reach the current stock price and the number of shares outstanding. When you multiply these variables by each other, you will find the net worth of the company.
Who Owns Google In Short
In this article, we talked about who owns Google. The control of Google/Alphabet is still in its co-founders, Larry Page and Sergey Brin. They still the major individual shareholders of the company, with 51% of the voting power. The company has three different kinds of common stocks; these are Class A, Class B, and Class C. That’s why Brian and Page preserved their control over the shares of the company with their Class B and C stocks. These friends are the wealthiest people in the world and still the largest shareholders of Goole/Alphabet.
If you liked this article, check out our other articles about who owns what as well. You might be interested to see who owns Facebook too.