Larry Page Surpasses Jeff Bezos as World's Third Richest Person Following Google's Gemini 3 AI Launch

Google cofounder Larry Page overtakes Jeff Bezos as the third richest person in the world following an Alphabet stock surge | Fortune

The world's richest people are tech founders and CEOs reaping major wealth gains from their businesses -- and there's one billionaire who just overtook Amazon mogul Jeff Bezos on the ultra-rich list, thanks to a new AI breakthrough. Google cofounder Larry Page enjoyed a net worth surge of $6 billion this Wednesday, sending his fortune to $252 billion, after the debut of his business' latest AI model: Gemini 3. The innovation -- seen as an improvement from Gemini 2.5 released around eight months ago -- ignited optimism from investors and analysts, causing Alphabet stock to jump 3%. Gemini's success shot Page, who owns about 6% of Google parent company Alphabet, up the Bloomberg Billionaires Index to third place. Meanwhile, Bezos was knocked down to the fourth wealthiest person in the world, thanks to recent Amazon-related plummets in his own wealth and Page's simultaneous gains. Fellow Google cofounder Sergey Brin, who also owns 6% of Alphabet, ended Wednesday $5 billion richer and in fifth place on the ultra-rich list. In the days following the stock surge, their wealth has settled, with Page boasting $249 billion, Bezos owning $240 billion, and Brin with $233 billion. Billionaires have witnessed their fortunes ascend and stumble in the AI revolution. The industry propelled Oracle cofounder Larry Ellison to briefly become the richest person in the world -- even topplingTesla CEO Elon Musk -- before swiftly swiping $34 billion from his net worth, sliding him down to number two. Concerns of an AI bubble are growing, but experts argue the new Gemini model is the real deal. Google explained that Gemini 3 has upped the ante on prompting; the model provides users with better quality answers to complex questions, without the need for thorough prompting to help the AI understand the context and intent behind their inquiries. The new model will also be integrated into Google's search products, the Gemini app, and enterprise services. Analysts at wealth management firm D.A. Davidson called Gemini 3 a "genuinely strong model," even admitting that it's their "favorite model generally available today." They added the updated model is "the current state-of-the-art" based on their preliminary trial with the AI and how it scored against the tech's benchmarks. "We'd go as far to say that this latest model from [Google DeepMind] meaningfully moves the frontier forward, with capabilities that in certain areas far exceed what we've typically come to expect from this generation of frontier models," the analysts wrote. Other analysts are chiming in on Gemini 3's success; Bank of America Securities analysts said that the new Google AI is "another positive step" for the business to close in on the "perceived LLM performance gap" against other AI challengers in the ring. This August, OpenAI rolled out its updated model GPT-5, while Anthropic's Claude chatbot and Sonnet 4.5 have become more popular among users. However, BofA Securities analysts contend Gemini 3 is a worthy competitor. "Healthy adoption metrics for AI Overviews and Gemini indicate Google is successfully funneling users into its AI surfaces, despite growing competition, and should help ease concerns around potential search disruption," the analysts said. "While still early to assess the full capabilities of the new model, a few early reviews were positive."

Google co-founder Larry Page overtakes Jeff Bezos as world's no 3 richest. How did he add $6 billion to his net worth?

Google co-founder Larry Page is now the world's third richest person in the world, surpassing Amazon founder Jeff Bezos J as Alphabet's shares surged following the Gemini 3 AI model launch. The net worth of Larry Page surged $6 billion this Wednesday, sending his fortune to $252 billion, according to Fortune. Larry Page's net worth saw a massive boost after the debut of his business' latest AI model: Gemini 3. The upgrade -- viewed as a clear step up from the Gemini 2.5 model launched about eight months ago -- sparked fresh optimism among investors and analysts, sending Alphabet's stock up 3%. According to Forbes, Larry Page, an American computer scientist and entrepreneur, cofounded Google in 1998 with fellow Stanford Ph.D. student Sergey Brin. With Brin, Page invented Google's PageRank algorithm, which powers the search engine. Larry Page stepped down as CEO of Alphabet, the parent company of Google, in 2019 but remains a board member and a controlling shareholder. Born in Michigan in 1973, Page earned a computer engineering degree from the University of Michigan in 1995 before joining the doctoral program at Stanford University, where he first met Brin. Both were intrigued by the challenge of extracting meaningful information from the vast amounts of data on the Internet. While working in Page's dorm room at Stanford, they developed a new search engine technology. ALSO READ: OpenAI CEO Sam Altman's big warning to his employees in his leaked memo: 'Google has been doing excellent...' Gemini's success shot Page, who owns about 6% of Google parent company Alphabet, up the Bloomberg Billionaires Index to third place. Larry Page's net worth increased by nearly $ 6 billion due to his 3.2% stake in Alphabet. Shares of Google's parent company, Alphabet, initially surged 6% on the day of the Gemini 3 launch before settling around 3.3%, according to Forbes report. Meanwhile, Jeff Bezos has been knocked down to fourth wealthiest person in the world due to recent Amazon-related plummets in his own wealth and Page's simultaneous gains. Apart from this, Google's other co-founder, Sergey Brin, also saw his stake rise by $7 billion, placing him as the world's fifth-wealthiest person on the Forbes Real-Time Billionaires List with a net worth of $221.1 billion. Meanwhile, Tesla CEO Elon Musk remains the world's richest person ($462.8 billion), followed by Oracle chairman Larry Ellison ($261.5 billion). ALSO READ: Video: Jennifer Lopez arrives in Udaipur for lavish wedding of Netra Mantena and Vamsi Gadiraju, greets paps with flying kisses According to Fortune, Google said Gemini 3 has raised the bar for prompting, delivering higher-quality answers to complex queries without requiring detailed instructions to interpret context or intent. The upgraded model will roll out across Google Search, the Gemini app, and the company's enterprise tools. Analysts at wealth management firm D.A. Davidson called Gemini 3 a "genuinely strong model," and even acknowledged that it's their "favorite model generally available today." They added the updated model is "the current state-of-the-art" based on their preliminary trial with the AI and how it scored against the tech's benchmarks. "We'd go as far to say that this latest model from [Google DeepMind] meaningfully moves the frontier forward, with capabilities that in certain areas far exceed what we've typically come to expect from this generation of frontier models," the analysts wrote. Bank of America Securities called the new Google AI "another positive step" toward closing the "perceived LLM performance gap" with rival AI models.