Google shares are surging to record highs, up nearly 15% as of early Friday afternoon.
It’s the largest one-day rally in the company’s history.
This is great news for shareholders, especially Google’s cofounders, Larry Page and Sergey Brin, who have each added about $US4 billion to their already sizable fortunes today.
According to Bloomberg, Page and Brin’s wealths are up about 20% in 2015, which is equivalent to about $US7 billion each.
Google chairman Eric Schmidt, who owns 1.3% of the company, has made about $US1.8 billion today as a result of the stock surge. Forbes estimates his net worth at $US10.4 billion.
Google’s stock has been soaring since it reported stellar earnings Thursday evening.