Larry Page, the cofounder of Google and a key shareholder in Alphabet Inc., has officially overtaken Jeff Bezos to become the third-richest person in the world. This significant wealth jump came on the heels of the announcement of Google’s Gemini 3 AI model and a stellar quarterly performance by Alphabet.
Following Alphabet’s strong third-quarter earnings and the release of the Gemini 3 AI model, the company’s shares surged by nearly 6% in early trading. Though the gain later stabilized to 3.3%, it resulted in a $7.6 billion boost in Larry Page’s net worth.
With this leap, Page moved ahead of Amazon founder Jeff Bezos, whose wealth stands at $233.6 billion, securing the #3 spot on the Forbes Real-Time Billionaires List.
Gemini 3, the latest artificial intelligence model by Google, is being hailed as a breakthrough in advanced AI reasoning. According to Alphabet, it is the first AI system to achieve PhD-level academic reasoning, marking a 74% improvement over its predecessor.
Key features include,
The Gemini 3 launch came just after Alphabet reported its first-ever $100 billion quarter, beating Wall Street estimates and achieving,
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