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The Google co-founders, who announced on Tuesday they were stepping down from day-to-day management of parent Alphabet Inc., added about US$1 billion each to their net worth as of 10:15 a.m. in New York, after the firm’s shares rose 1.8 per cent. They each own about 6 per cent of the internet giant and still control Alphabet through special voting shares.

Larry Page and Sergey Brin just got a $2-billion retirement gift from investors


The Google co-founders, who are stepping down from day-to-day management of parent Alphabet, each made US$1 billion from an uptick in share prices
 
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