Larry Page overtakes Jeff Bezos to become the third richest person in the world – who is he?

Larry Page is now the third richest person in the world. He overtook Amazon founder Jeff Bezos after a big boost in his wealth. Page’s net worth jumped $6 billion on Wednesday, reaching $252 billion. This happened after the launch of Google’s new AI model, Gemini 3.

Gemini 3 is an upgrade from the previous model, Gemini 2.5, which came out about eight months ago. Investors and analysts got excited, and Alphabet stock rose 3%, as reported by Fortune. Larry Page owns about 6% of Alphabet, Google’s parent company, which helped his wealth surge after Gemini 3’s debut.

Larry page wealth rise

Jeff Bezos dropped to fourth place in the world’s richest list because of Amazon-related losses and Page’s gains. Sergey Brin, Google’s cofounder, also benefited. He owns 6% of Alphabet and became $5 billion richer, moving to fifth place. After the stock surge settled, Page’s wealth is now $249 billion, Bezos’ $240 billion, and Brin’s $233 billion.


The AI boom is changing billionaire rankings. For example, Oracle’s Larry Ellison briefly became the richest person in the world, even surpassing Elon Musk, before losing $34 billion, as stated by Fortune. Google says Gemini 3 is better at “prompting.” It can answer complex questions with less guidance from users and will be integrated into Google search, the Gemini app, and enterprise services.

Gemini 3 AI success

Analysts at D.A. Davidson called Gemini 3 “a genuinely strong model.” They even said it’s their “favorite model generally available today.” D.A. Davidson analysts added that Gemini 3 “meaningfully moves the frontier forward” and exceeds expectations in some areas.

Bank of America Securities also praised Gemini 3. They said it is “another positive step” for Google and could help it compete with other AI models. Other AI competitors include OpenAI’s GPT-5, Anthropic’s Claude, and Sonnet 4.5, but Gemini 3 is considered a strong rival.

BofA analysts noted healthy adoption of Gemini 3, saying Google is successfully attracting users to its AI tools, which may ease concerns about search disruption, as per the report by Fortune. Early reviews of Gemini 3 are positive, though analysts say it’s still too early to fully assess its capabilities.

FAQ

Q1. Who is Larry Page and why is he rich?

Larry Page is Google’s cofounder, and he is rich because he owns 6% of Alphabet, which gained value after the launch of Google’s AI model Gemini 3.

Q2. Why did Larry Page overtake Jeff Bezos in the rich list?

Page overtook Bezos because Gemini 3’s success boosted Alphabet’s stock, increasing his net worth while Amazon-related losses affected Bezos.