Wednesday, October 27, 2004
Page and Brin Vault 16 Spots On The Forbes 400
Michael Bazley has figured out the numbers I've been wondering about for days, showing that Google founders Sergey Brin and Larry Page have gone from being worth $4 billion in late September to $6.9 billion today, thanks to Google's closing price of $181.80 last night. This pushes them (assuming nothing else has changed) from 43rd place to 27th place, pulling them ahead of Jeff Bezos and Michael Bloomberg. Venture Capitalist John Doerr now occupies their former spots, since his Google stock is now wort $3.8 billion. Doerr and his colleagues at Kleiner Perkins Caufield & Byers had planned to sell the stock at $85, but decided it was better to wait. Patience is not just a virtue; sometimes its also worth two billion dollars.