top line
Sergey Brin on Tuesday became the world’s third-richest person, overtaking Oracle’s Larry Ellison and overtaking fellow Google co-founder Larry Page, as parent company Alphabet’s stock has surged in recent weeks on optimism for its AI business.
getty images
important facts
Alphabet shares rose 2.2% to about $325.75 shortly after trading began Tuesday, following a 6.3% jump on Monday and an increase of more than 75% since hitting a low of $188 in August.
Oracle shares fell more than 4.6% to about $191, giving the stock an 11% decline over the past week.
The latest surge for Alphabet came after a report late Monday that Meta is considering using Google’s AI chips for its data centers and cloud infrastructure, according to the information, challenging demand for Nvidia’s chips.
Neither Meta nor Google immediately responded to Forbes’ requests for comment.
forbes rating
Brin has an estimated net worth of $245.3 billion, ranking him as the third richest person in the world, just ahead of Ellison, whose net worth is valued at $239.7 billion. Page, who overtook Ellison on Monday, is in second place with an estimated net worth of $264.4 billion. Page and Brin’s net worth increased by $18.3 billion and $16.9 billion respectively in the last two trading sessions as the Google co-founders moved up the rankings. Brin holds fewer Alphabet Class B shares than Page, as Brin has been more active in selling his stake and has donated millions of his Alphabet and Tesla shares several times to research into Parkinson’s disease.
<a href=