Shock to owners on Google's birthday, wealth reduced by Rs 33 thousand crores

Shares of Google's parent company Alphabet fell by about 2 percent on Wednesday and were traded at $128.56. However, the company's shares had opened at $129.77 and reached the day's high of $130.36 and low of $127.22.

Google's Silver Jubilee is on 27th September. This means that Google is celebrating its 25th birthday. On the other hand, the total wealth of Google's foundry has reduced by Rs 33 thousand crores. Yes, this is not a joke. Due to concerns about the American shutdown, not only American but all the markets of the world witnessed a decline. Because of this the world's billionaires also suffered losses. The wealth of company founders Larry Page and Sergey Brin also decreased. Both are the 7th and 8th richest businessmen in the world. Let us also tell you how much decline has been seen in the wealth of both the billionaires on Google Birthday and how much has been their total wealth.

Alphabet Inc shares fall

Shares of Google's parent company Alphabet fell by about 2 percent on Wednesday and were traded at $128.56. However, the company's shares had opened at $129.77 and reached the day's high of $130.36 and low of $127.22. Google's shares have fallen by about 7 percent in the last 5 days. This year the company's shares have given a return of more than 44 percent. In the last 6 months, the company's shares have seen a rise of more than 25 percent.

How much money did Google founders lose?

On September 26, the wealth of Google founder Larry Page reduced by 2.05 billion dollars i.e. more than Rs 17 thousand crores. This means that Larry Page's wealth has decreased to $116. However, this year there has been an increase of 33.1 billion dollars in Larry Page's net worth.

On the other hand, there was a decline of 1.93 billion dollars i.e. more than Rs 16 thousand crore in the wealth of Sergey Brin. At present his total wealth is 110 billion dollars. By the way, this year the total wealth has increased by 30.8 billion dollars. This means that the total wealth of Google founders could be worth more than Rs 33 thousand crores.

Google is the fourth largest company in the world

Google is the fourth largest company in the world. Talking about valuation, the market cap of the company is 1.63 trillion dollars. Alphabet was created in 2015. Whereas Google was established in 1998. Google is the most successful search engine in the world. Its berth has been scheduled for 27th September. However, the company's birthday has also changed several times.