The problem might also be if founders use Alphabet as a playground for their pet projects, which has no financial value for other shareholders. If founders make some provision beforehand, their voting rights can be transferred in case of their death to other class B shareholders. If they do it, conversion to ordinary shares will not happen immediately, but after nine months. But we don’t need to worry because Class B shares have their super-voting power only if they are in the hands of the original holders.
Top Google Individual Shareholders
Class B shares have a ten-vote-per-share value and are held exclusively by Larry Page and Sergey Brin, as well as other insiders; these shares are not publicly traded. Larry Page and Sergey Brin currently own Alphabet through special Class B shares. These special shares entitle them to have 10 votes for each share they own compared to Class A shares, which only have 1 vote per share.
- Below, we look at seven of the company’s major acquisitions in more detail.
- Google LLC is clearly an influential corporate entity that has reshaped the global technology industry.
- What started as a Stanford University project by two computer science students has evolved into a global tech giant worth trillions of dollars.
- This is possible thanks to Alphabet Inc. buying back a massive amount of its own shares each year.
Alphabet Inc., the parent company of Google, operates under a three-class share structure that heavily informs its ownership and voting power dynamics. Alphabet is a publicly traded company, meaning it is owned by shareholders. However, its co-founders, Larry Page and Sergey Brin, retain significant influence due to their special shares that grant them voting power. Before we dive into the top individual shareholders of Alphabet stock, it’s important to mention that there are some limitations. Unless someone owns more than 5% of a certain class of a company’s stock or they serve as a company executive or board member, there is no requirement for them to disclose their investment to the public.
The company has diversified far beyond search engines in the past two decades. The parent holds Google, its largest subsidiary, and several other companies. Some of these companies are subsidiaries of Google, while others are separately owned by Alphabet.
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.
The fundamental facts on companies owned by Alphabet
This investment not only underscores BlackRock’s financial strength but also emphasizes their role in influencing Google’s ownership dynamics. Provides updates on financial markets, stock performances, economic trends, and investment strategies. Google takes its ethical responsibilities seriously, blending business success with positive social impact. The company’s approach focuses on multiple areas from environmental sustainability to creating an ethical workplace. Google’s brand strategy revolutionized the digital landscape through thoughtful development of its identity.
Check out the top 5 Alphabet shareholders who are also known as the owners of Google. Three of these shareholders are institutional investors and the other two are individuals. The two co-founders of Google continued to remain as controlling shareholders, board members, and employees at Alphabet. Google’s main stakeholders are Larry Page, Sergey Brin, and Sundar Pichai, alongside major institutional investors like Vanguard, BlackRock, T. Rowe Price, and Fidelity. Together, they play a significant role in shaping Google’s future direction.
Google Shareholding Structure
What started as a Stanford University project by two computer science students has evolved into a global tech giant worth trillions of dollars. Page and Brin, who created Google in 1998, remain influential figures in the company’s direction even though Google now operates under the Alphabet umbrella. Google LLC is clearly an influential corporate entity that has reshaped the global technology industry.
- The company’s knack for making calculated bets has reshaped the tech landscape, setting new standards for what’s possible.
- To make itself more transparent and to let its more experimental projects run on their own.
- Is the parent company of Google and many other companies under their Alphabet Inc.
- Unlike Alphabet’s ownership, which is held largely by diverse individuals and institutional investors, owners of FANG stocks acquired shares in different ways.
- The Alphabet structure that CFO Ruth Porat built a decade ago has proven flexible and useful.
Institutional Shareholder Influence
Their famous motto “Don’t be evil” reflected their approach to business ethics. The company moved to its current headquarters (the “Googleplex”) in Mountain View, California, in 2004. Alphabet’s annual revenue for 2023 was $307.39 billion, and its market cap was $1.87 trillion as of the end of March 2024.
Alphabet was founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, owning 91% of the global search market. Larry Page and Sergey Brin own about 14% of Google’s publicly listed shares and 56% of the company’s super-voting stock.
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The company boasts an expansive portfolio of investments, with a portfolio currently worth over $1 trillion and an AUM valued at around $4.5 trillion. Investment portfolios are further complicated by investing through various funds like FDGRX, where holdings may differ substantially from one fund to the next. Under Pichai’s leadership, the company’s revenues have skyrocketed by 281%, soaring from $74.9 billion in 2015 to a staggering $282.83 billion as of 2022 — quite remarkable given the unstable markets recently. This dramatic surge has propelled Pichai’s net worth into the billions, making him one of the wealthiest individuals alive. In 2004, Sundar Pichai joined Google as Vice President of Product Management, where he worked on major products such as the Google Toolbar, Chrome browser, and Android OS. His successful contributions led to his promotion to Senior Vice President in 2012 and then CEO of Google in 2015, succeeding Larry Page, who moved into a senior role within Alphabet Inc.
In 2000, they launched Google AdWords, which became their main source of revenue. For example, Larry Page and Sergey Brin, the co-founders of Google now known as Alphabet, control enormous shares, a function of their creation of the company and ongoing control. John Doerr, who owns 24,290,420 shares (0.2% of Alphabet), are made wealthy through advantageous equity distributions. These shares are more than just ownership — they serve to incentivize long-term commitment and performance. Larry Page and Sergey Brin directly control 51.7% of voting power, allowing them to continue to chart Alphabet’s strategic direction. This governance structure protects their long-term vision, keeping it ingrained in the decision-making process—even through potential mergers or acquisitions.
Alphabet Inc. had a total of 12,849 million outstanding shares as of December 2022. The following table shows how many shares each Alphabet’s large shareholder holds. Its Class A shares have been publicly traded on the NASDAQ stock exchange since 2004 under the ticker “GOOGL”. The largest ones who own google now are Vanguard, which owns a 7.0% share, followed by BlackRock (6.2%), co-founder Larry Page (6.1%), co-founder Sergey Brin (5.7%), and ex-CEO Eric Schmidt (0.6%).