Claim: Alphabet company owns Google.

Lawrence Edward Page -LRB- born March 26 , 1973 -RRB- is an American computer scientist and Internet entrepreneur who co-founded Google with Sergey Brin .   Page is the chief executive officer -LRB- CEO -RRB- of Google 's parent company , Alphabet Inc. . After stepping aside as Google CEO in August 2001 in favour of Eric Schmidt , he re-assumed the role in April 2011 . He announced his intention to step aside a second time in July 2015 to become CEO of Alphabet , under which Google 's assets would be reorganized . Under Page , Alphabet is seeking to deliver major advancements in a variety of industries .   As of March 2017 , Page is the 12th richest person in the world , with an estimated net worth of US$ 40.7 billion .   Page is the inventor of PageRank , Google 's best-known search ranking algorithm . Page received the Marconi Prize in 2004 .