Google, the company that Sergey Brin and Larry Page cofounded nearly two decades ago, continues to help make them rich. On Friday, Class A stock of Alphabet, the parent company of Google, soared to a record-high price of $1,061 per share, a day after the business released its third-quarter results. Investors responded with predictable ebullience; shares ended normal trading on Friday at just below $1,034 per share, Alphabet’s highest closing price ever. As a result, the cofounders’ net worths rose a combined $3.5 billion in the 24 hours through 4 pm Eastern Time Friday. Page ended the day worth an estimated $48.2 billion, and Brin at $46.9 billion, according to Forbes’ real-time rankings of the world’s richest people.

Source: Forbes October 28, 2017 13:30 UTC