Alphabet Inc is a multinational corporation based in California, United States of America. This corporation is best known for being the parent company of Google, the world’s most popular search engine.
Alphabet Inc. was founded to focus on all of the areas that fall outside of Google’s target market. Alphabet Inc. now has the authority to acquire new businesses without informing them that they are actually the parent company and that they are part of Google.
This business is well-known for generating revenue through the sale of various advertising and service fees. Its revenue is primarily derived from the advertising industry.
Amazon.com Inc., Apple Inc., Facebook Inc., and others are among Alphabet Inc.’s major competitors. Alphabet is known for competing with these companies to provide better online platforms for people to access information about shopping, news, images, and other topics.
So, how well do you know the letters of the alphabet? If not much, we’ve compiled everything you need to know about Alphabet’s net worth in 2021, including a wiki and detailed information. So, if you’re ready, here’s everything we know about Alphabet so far.
| Legal Name: | Alphabet Inc. |
| Headquarters Regions: | Mountain View, California, United States |
| Founded Date: | 2 October 2015 |
| Founders: | Larry Page and Sergey Brin |
| Number of Employees: | 150000+ |
| Company Type: | For-Profit |
| Area served: | United States of America and world |
| Products of Company: | multinational conglomerate |
| Net Worth in 2021: | $45 billion |
Inception
In 2015, Google established Alphabet Inc. as a new public holding company. The company was formed to restructure Google by moving various subsidiaries from Google to Alphabet, according to the then-CEO of Google. As a result, Google’s scope will be narrowed. Google is part of the Alphabet corporation, as are several other businesses such as “Nest,” “Fiber,” “CapitalG,” and so on.
The company was given the name “Alphabet” because the word refers to the collection of English letters that represent the English language, according to Larry Page, the company’s then-CEO. Because it is the Alphabet that people use to search on Google and, more importantly, because it is the Alphabet that human beings use to communicate, the company was given the name “Alphabet.” Furthermore, Larry explained that when the word “Alpha” is divided into two parts, “Alpha” and “bet,” the word “Alpha” refers to the investment return above the benchmark, which, according to Larry, is the company’s main goal.
Evolution
According to Alphabet Inc.’s annual report for the year 2017, advertising generates approximately 86 percent of the company’s revenue. This revenue is generated when ordinary people or users click on Google Ads advertisements. Additionally, brand advertisements generate revenue.
It surpassed Apple Inc. to become the most valuable publicly traded company in the world in 2016. However, the company was unable to maintain this position, and Apple quickly reclaimed it within two days. According to the researchers, this occurred because Apple lacked an innovative mindset. Furthermore, the increase in Chinese competition gave Alphabet Inc. the ability to leapfrog Apple.
In the year 2019, Alphabet was ranked number 15 on the Fortune 500 list. This honor was bestowed upon them in the category of largest US corporation by total revenue.
Furthermore, by 2020, the company will be the fourth U.S. company to reach a trillion-dollar market value. As a result, for the first time since its inception, the company is known to have joined the club of trillion-dollar corporations.
Alphabet Inc. is also known to be the subject of a number of lawsuits and legal proceedings. In 2017, the company filed a lawsuit against Uber. They claimed that the latter was employing similar technologies to Alphabet’s. They sued Uber in 2018, and Uber agreed to stop using technologies that were similar to theirs, according to Alphabet. They also agreed to contribute $245 million to “Waymo.”
In 2018, a lawsuit was filed against both Google and Alphabet, alleging that non-public data in the Google+ account was exposed due to a technical glitch that allowed ad developers access to all users’ private information. The legal proceedings were settled for $7.5 million in the year 2020.
In the year 2020, the United States Department of Justice filed a lawsuit against Alphabet Inc., alleging that the company had engaged in anti-competitive practices.
Achievements & Awards
In the year 2019, Alphabet was ranked number 15 on the Fortune 500 list. This honor was bestowed upon them in the category of largest US corporation by total revenue. Furthermore, by 2020, the company will be the fourth U.S. company to reach a trillion-dollar market value. As a result, for the first time since its inception, the company is known to have joined the club of trillion-dollar corporations.
Alphabet’s Net Worth and Earnings in 2021
As of 2021, Alphabet Inc. has a net income of approximately $45 billion. Furthermore, their total assets are estimated to be $319.62 billion, with a total equity of $222.54 billion. All figures are based on the year 2021.
Alphabet Inc, founded in 2015, is making small steps toward becoming a successful multinational corporation. The company was able to achieve a net income of approximately $40.27 billion by the year 2020, which is a very short period of time. It’s impressive that they were able to collect so much net income in just five years.
Also, Read Angel Adoree, Ava Michelle Cota, Kaitlin Sharkey, Melanie Olmstead