Google founder Larry Page’s net worth increases by $15 billion in just one day as …

Google founder Larry Page has seen his wealth jump sharply in a single day after strong earnings pushed up shares of Alphabet Inc..According to Forbes’ Real-Time Billionaires List, Page’s net worth rose by about $14.9 billion to reach $300.9 billion on April 30.

The sharp increase comes after Alphabet reported better-than-expected financial results, driven by growth in its cloud business and artificial intelligence offerings. With this surge, Larry Page is now ranked the second-richest person in the world, with Elon Musk as world’s most-richest.

Google earnings drive Larry Page’s net worth surge

As reported by Forbes, Google-parent Alphabet’s stock rose about 6.5% in early trading after the company reported strong quarterly results.

The company posted earnings of $5.11 per share and revenue of $109.8 billion, beating analyst expectations.A major driver of this growth was Google Cloud, which saw a 63% rise in annual sales to $20 billion. This was higher than estimates of $18 billion.Sundar Pichai said that artificial intelligence has now become a “primary growth driver” for the company. Analysts also noted that Alphabet is seeing clear returns from its investments in AI.

Sergey Brin also gains, Jeff Bezos slips

Larry Page was not the only one to benefit from the stock surge. Fellow Google cofounder Sergey Brin saw his net worth rise by $13.7 billion to $277 billion. He is now ranked as the third-richest person globally.At the same time, Amazon founder Jeff Bezos saw his wealth fall by $3.5 billion to $267 billion, placing him behind Brin in global rankings. Facebook-parent Meta founder Mark Zuckerberg saw one of the biggest losses, with his net worth dropping by $21.9 billion as Meta’s stock fell sharply.

AI boom boosts Alphabet valuation

Alphabet’s strong results have also pushed its overall market value higher. The company is now valued at about $4.5 trillion, making it one of the most valuable companies in the world, behind only Nvidia.The latest results highlight how AI is shaping the future of major tech companies. Alphabet’s strong performance suggests it is gaining momentum in the AI race, while others are still facing challenges.