Last week, when the company made a declaration of their better-than-expected quarterly results, the shares of the company increased by as much as 16%, and an assurance to bring more control into the company’s expenditure was made. As mentioned by Bloomberg, last Friday, the company shares closed at $672.93, a more than $93 rise in one one-day rise, which in turn encouraged the value of the shares held by both Brin and Page. Howard Silverblatt of S&P Dow Jones Indices told USA Today that for the Google leaders, the rise is not just an unexpected good fortune, but it is also the largest one-day accumulation of wealth in U.S. history at $51 billion. For Brin and Page, this has been a banner year. According to the Bloomberg Billionaires Index, their respective fortunes this year have increased up to 24%, which is a rise of about $7 billion each. Owner of 1.3% of Google, Chairman Eric Schmidt himself has viewed his fortune rise by 22% this year. Their riches are linked to optimism by investors about the future of Google. Last Friday’s activity, which was the largest single-day gain ever for the company added $65 billion to the company’s market capitalization. This has made Google the second largest company, trailing behind tech competitor Apple, which is at the top and has a market value of around $746 billion. In the Bloomberg report, an analyst at Robert W Baird & Co., Colin Sebastian said “People should take away that Google is a stronger and healthier company than what the Street had previously understood.”
