Alphabet's Sergey Brin, Larry Page, Erc Schmidt Lose $9 Billion

(Bloomberg) -- Larry Page, Sergey Brin and Eric Schmidt had about $9 billion wiped from their net worths in early trading Tuesday after Alphabet Inc. reported slowing ad sales.

The company tumbled the most in almost seven years after first-quarter revenue missed analysts’ estimates. Revenue from Google advertising rose 15 percent, the slowest pace since 2015.

Before today, the trio had added a combined $24 billion to their fortunes in 2019, according to the Bloomberg Billionaires Index.

To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.net

To contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven Crabill

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