10.23.2004
GOOGLE BOYS EACH WORTH $6.5B AS ITS SHARES SOAR
"Google co-founders Sergey Brin and Larry Page each saw his net worth jump $875 million yesterday — to a whopping $6.5 billion apiece — after Google, the most popular online search engine, reported blowout results.
Google's already skyrocketing share price surged another 15 percent yesterday to close at $172.43 in Nasdaq trading. Earlier in the day, the stock jumped as much as 21 percent.
The stock has more than doubled since August, when the company first sold shares at $85 through an unusual auction-style IPO.
In just three short months, Page and Brin, who each own about 38 million shares, have seen the value of their individual stakes rise by about $3 billion, to more than $6.5 billion." [Via newyorkpost.com]
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