Even billionaires get the blues

Feeling a little lighter in the pocket these days because of the slumping stock market? Google’s founders, Larry Page and Sergey Brin, feel your pain.

The two men have lost billions of dollars in the wake of their Mountain View Internet titan’s shares tumbling 42 percent from their all-time high in November to close Friday at $433.35.

The actual losses for Brin and Page are unknown. But you can get a pretty good idea based on their reported holdings in Google as of Dec. 31.

Brin’s 28.6 million shares are now worth $12.4 billion, down $8.8 billion from five months ago. Page’s 29.1 million shares are worth $12.6 billion, down $9 billion in the same period.

Granted, they’re both still billionaires and enjoy a lavish lifestyle. But you know, every penny counts, even for a couple of the world’s richest people.

This entry was posted on Saturday, March 8th, 2008 at 6:29 pm While Dave was in Money. Responses are currently closed, but you can trackback from your own site.