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Alphabet reported a surge in its cloud revenue through its latest quarter.Corbis via Getty Images<\/p>\n
\t\t\t\t\t\t\tPublished on\t\t\t\t\t\t<\/p>\n
\t\t\t\t\t\t\tMay 4, 2026\n\t\t\t\t\t<\/p>\n
Larry Page\u2019s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet\u2019s stock rose after reporting a surge in cloud revenue through the Google parent\u2019s latest quarter.<\/p>\n
Alphabet reported a surge in its cloud revenue through its latest quarter.
Corbis via Getty Images<\/p>\n
Key Takeaways<\/p>\n
Forbes\u2019 Real-Time Billionaires List estimates<\/a> Page\u2019s net worth at $300.9 billion as of Thursday morning, an increase of $14.9 billion on the day, as the Google cofounder ranks the second-wealthiest person in the world.<\/p>\n Fellow Google cofounder Sergey Brin also had his fortune surge, rising $13.7 billion to $277 billion, as he now ranks the world\u2019s third-richest person ahead of Amazon\u2019s Jeff Bezos, whose net worth sank $3.5 billion to $267 billion.<\/p>\n Shares of Alphabet rose 6.5% in early trading on Thursday, after the firm reported $5.11 earnings per share and $109.8 billion in revenue through its first quarter, exceeding consensus analyst estimates of $2.68 earnings per share and $106.9 billion, according to FactSet.<\/p>\n The revenue boost was fueled by a 63% annual increase in Google Cloud sales to $20 billion, ahead of estimates of $18 billion, and CEO Sundar Pichai (whose worth also jumped<\/a> nearly 5% to $1.7 billion) said the company\u2019s AI offerings became a \u201cprimary growth driver\u201d for the first time.<\/p>\n JPMorgan analyst Doug Anmuth applauded Google\u2019s AI growth in a note on Thursday, writing his firm believed Google was generating \u201cclear, measurable returns\u201d on its AI investments.<\/p>\n Anat Ashkenazi, Alphabet\u2019s chief financial officer, said the company expects spending to \u201csignificantly increase\u201d through 2027, and Alphabet now expects capital expenditures of up to $190 billion in 2026, up from a previous estimate of a maximum $185 billion in spending, as it pours additional funding into AI infrastructure.<\/p>\n Big Number<\/p>\n $4.5 trillion. That\u2019s Alphabet\u2019s market valuation as of Thursday\u2019s stock surge, ranking the Google parent just behind Nvidia ($4.9 trillion) as the world\u2019s largest company. Nvidia hit a record<\/a> $5.3 trillion market capitalization earlier this week before its shares stumbled.<\/p>\n The $56 Billion Post-Earnings Shift Among The World\u2019s Wealthiest<\/p>\n Four of the \u201cMagnificent Seven\u201d reported earnings on Wednesday, including Alphabet, Amazon, Meta and Microsoft. As Alphabet reported better-than-expected earnings, Amazon, Microsoft and Meta disappointed investors, with shares dropping 1.1%, 4.5% and 9.4% respectively. No. 5 Mark Zuckerberg\u2019s fortune ($207.5 billion) plummeted $21.9 billion as Meta\u2019s stock plunged, adding to further declines for Bezos and former Microsoft CEO Steve Ballmer, who dropped from No. 13 to No. 15 as his net worth dropped $5.8 billion to $128.6 billion.<\/p>\n What To Watch For<\/p>\n Apple and Nvidia are the last of the \u201cMagnificent Seven\u201d to post earnings this cycle, after Tesla reported last week. Apple will report after market close on Thursday, while Nvidia is expected to report on May 20.<\/p>\n Key Background<\/p>\n Alphabet has emerged as a favorite in the accelerating AI market, while its peers, Meta and Microsoft, have fallen behind. Microsoft announced earlier this week an end to an exclusive partnership and revenue-sharing agreement with OpenAI, which will now be able to license its models and products to any third party and on any cloud, including those offered by Google and Amazon. The software giant also launched its first-ever employee buyout program earlier this month, impacting roughly 7% of Microsoft\u2019s U.S. workforce, as it ramps up spending on AI infrastructure. Meta, a powerhouse stock in recent years, has shown vulnerability as its metaverse and AI model were reportedly delayed. The company also faced a pair of landmark court rulings in March, which found Meta and Google liable for addictive design features on their platforms and another that found Meta enabled child exploitation. Through its latest quarter, Meta reported a 5% quarterly drop in active users, citing \u201cinternet disruptions in Iran.\u201d<\/p>\n This article was originally published on\u00a0<\/a>forbes.com<\/a>\u00a0and all figures are in USD.<\/p>\n Want to see more Forbes articles on your feed?\u00a0Tap here to make Forbes Australia a preferred source on Google.<\/a><\/p>\n Look back on the week that was with hand-picked articles from Australia and around the world.\u00a0Sign up to the Forbes Australia newsletter here<\/a>\u00a0or\u00a0become a member here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Published on May 4, 2026 Larry Page\u2019s net worth swelled on Thursday, surpassing $300 billion for the first…\n","protected":false},"author":2,"featured_media":164507,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[166],"tags":[2104,1810,816],"class_list":["post-211564","post","type-post","status-publish","format-standard","has-post-thumbnail","category-larry-page","tag-alphabet","tag-billionaire","tag-larry-page"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/117201698047778741","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/211564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=211564"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/211564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/164507"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=211564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=211564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=211564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}