Google is undoubtedly the most famous search engine in the world. Started in 1998, it has truly changed the way we use the Internet. Do you know Google is now a subsidiary of Alphabet? From search engines and email to cloud storage and productivity tools, it now offers a large number of services. This is the reason why Alphabet Inc. is considered one of the most valuable companies on the Earth.
With billions of users worldwide, Google’s Net Worth in 2023 is estimated to be around $1.651 Trillion. Please note that here we are talking about the net worth of Alphabet. So, by market capital, it is the 4th wealthiest company in the world after Microsoft, Apple, and Amazon.
Google (Alphabet) At a Glance
|Company Name||Alphabet Inc (Google)|
|Founders||Larry Page and Sergey Brin|
|Headquarters||Mountain View, California, United States|
|Industry||Technology, and Internet Services|
|Products||Search Engine, Online Advertising, Cloud Computing, Hardware.|
|Net Worth||$1.651 Trillion|
Google Revenue and Income in 2023
As mentioned above in this post, Google is one of the biggest companies in the world. By market cap, it has a net worth of more than $1.651 Trillion. In 2022 alone, Google generated a whopping $282.5 billion in revenue.
This revenue is even more than the GDP of many countries. Do you know how Google makes all its money? We can say that a big chunk (around 86%) of Google’s income comes from the advertisements you see when you use Google’s search engine or visit websites
Companies around the world pay Google to show their ads to people who might like their products and services. When you click on these ads, the companies pay Google even more money. So, basically, Google gets paid for connecting advertisers with potential customers.
There are many other sources of income for Google. For example, it owns Android, the operating system used by most smartphones in the world. It generates huge revenue through app purchases and in-app advertisements. Let’s take a look at Google’s revenue breakdown as explained in the following table.
|Sources of Income||Total Revenue|
|Google Search & Other||$162.45 Billion|
|YouTube Advertisement||$29.24 Billion|
|Google Network Members||$32.78 Billion|
|Google Cloud Services||$26.28 Billion|
|Google Other||$29 Billion|
|Other Bets||$1 Billion.|
Revenue Growth of Alphabet (Google)
Alphabet is one of the few companies that are constantly increasing their revenue. Check out the following table to understand the growth of Google in the past few years.
|Year||Revenue||Net Income||Total Asset|
|2016||$90,272 million||$19,478 million||167,497 million|
|2017||$110,855 million||$12,662 million||197,295 million|
|2018||$136,819 million||$30,736 million||232,792 million|
|2019||$161,857 million||$34,343 million||275,909 million|
|2020||$182,527 million||$40,269 million||319,616 million|
|2021||$257,637 million||$76,033 million||359,268 million|
|2022||$281,836 million||$59,972 million||365,264 million|
Journey of Google from 1998 to Present
In 1998, two computer scientists Larry Page, and Sergey Brin joined hands to create a search engine. They wanted to make such a search engine that would be more accurate and faster than others. This is when they created Google.
Google was different from its predecessor because it was more reliable and used a unique algorithm called Page Rank. In years to come, Google continued to innovate and it expanded its services. It introduced new features like Gmail, Google Maps, Docs, Drives, etc.
In 2015, Google restructured itself. It formed a new parent company called Alphabet. This allowed Google to focus on its core search business while also exploring other ventures like pixel phone manufacturing, etc.
Today, Alphabet doesn’t mean just google, it is a technological giant. It has acquired numerous companies and developed innovative products and services. The influence of Google has extended beyond the Internet. It is now venturing into businesses like robotics, Artificial Intelligence, Drone Technology, and more. Also Check Top 20 CEOs in the World
List of Companies Owned by Alphabet (Google) along with their heads
Here is the list of Subsidiaries of Alphabet along with their global heads.
|Subsidiary of Alphabet||Business Area||Chairman|
|X Development||Research and development for “moonshot” technologies||Astro Teller|
|Internet Service, Largest Subsidiary and Prior Corporate Entity Name||Sundar Pichai|
|CapitalG||Private equity for growth stage technology companies||David Lawee|
|Calico||Human Health (By Overcoming Aging)||Arthur D. Levinson|
|GV||Venture Capital for Technology Companies||David Krane|
|Google Fiber||Internet Access via Fiber||Dinesh Jain|
|Intrinsic||Robotics Software||Wendy Tan White|
|Verily||Human Health||Andrew Conrad|
|Wing||Drone-Based Delivery of Freight||James Ryan Burgess|
|Mineral||Sustainable Agriculture||Elliott Grant|
|Isomorphic Labs||Drug Discovery||Demis Hassabis|
|Waymo||Autonomous Driving||Dmitri Dolgov, Tekedra Mawakana|
Number of Alphabet’s Employee
As Alphabet is growing, its number of employees is also increasing. The growth in the number of employees on the payroll of Alphabet is explained below.
- 2016 – 72,053
- 2017 – 80,110
- 2018 – 98,771
- 2019 – 118,899
- 2020 – 135,301
- 2021 – 156,500
- 2022 – 190,234
Companies Acquired by Alphabet (Google)
Google is also known for acquiring many companies. Check out the list below to know the top companies acquired by Google or Alphabet in the last two decades.
|Name of the company||Business||Acquired In|
|Android||Mobile Operating System||2005|
|AppSheet||Mobile App Development||2020|
|Looker||Big Data, Analytics||2019|
|Sigmoid Labs||Indian Railways train tracking app Where is my Train||2018|
|Urban Engines||Location-Based Analytics||2016|
Frequently Asked Questions
Question – 1: Has Google’s net worth been increasing over the years?
Answer: Yes, the net worth of Google has been steadily increasing.
Question – 2: How does Google generate its revenue?
Answer: The company generates its revenue from various sources including ads, cloud services, subscription-based services, etc.
Question – 3: When did Google launch its Initial Public Offering (IPO)?
Answer: August 19, 2004.
Question – 4: What was the market value of Google at IPO?
Answer: $23 Billion.
Question – 5: Is Google a rich company?
Answer: Yes, it is the fourth richest company in the world.
Post by: Findy
category by: Net Worth