BIG NUMBER
362.7 million. That’s how many shares, or about 3% of the company, Brin owns in Alphabet.
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WHAT TO WATCH FOR
The opening bell. Alphabet appears poised for a modest rebound Friday morning, but investors are likely still cautious after Thursday’s steep sell off, which came after Alphabet’s post-market earnings release Wednesday. Alphabet reported its 12th straight quarter of double-digit revenue growth, but investors were spooked by a spike in its artificial intelligence capital spending forecast to be between $195 billion and $205 billion.
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Key background
Tiny moves in stock like Alphabet or Dell can swap two people on the Forbes real-time billionaire ranking whose fortunes are only a few billion dollars apart. The biggest driver is the real-time market value of shares a billionaire owns in public companies. As stocks rise and fall throughout the day, Forbes automatically recalculates their wealth. Forbes also estimates the value of private companies using comparable public companies and other assets, like real estate, cash, investments, yachts and art.
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further reading
ForbesSergey Brin Falls To 5th Richest—While Jeff Bezos, Michael Dell RiseBy Mary Whitfill Roeloffs
Forbes950 Million People Now Use Gemini Each Month As Alphabet Posts Earnings BeatBy Ty RoushForbesMichael Dell’s Net Worth Surges Up $35 Billion From Dell’s Best Day Ever—Passing Zuckerberg As 6th RichestBy Ty Roush