Alphabet Inc. was announced on the 10th of August 2015 by Larry Page in a blog post on Google's official blog. The restructuring process completed on the 2nd of October 2015 when the newly formed subsidiary merged with Google.
Sundar Pichai serves as CEO while John L. Hennessy has been Chair since February 2018. Larry Page and Sergey Brin each control around 3% of all shares but together with other insiders they control the majority of voting shares.
Alphabet Inc. owns diverse subsidiaries including Waymo for autonomous driving, Verily for human health, Calico for aging research, and X Development for moonshot technologies. Other units include Wing for drone delivery, Intrinsic for robotics software, and Isomorphic Labs for drug discovery.
Revenue reached 350 billion USD in 2024 with net income of 100 billion USD. On the 15th of September 2025, Alphabet became fourth company to reach $3 trillion market valuation after surpassing $2 trillion on the 26th of April 2024.
The motivation behind the reorganization was to make Google cleaner and more accountable while improving transparency and oversight. Former executive Eric Schmidt revealed that inspiration came from Warren Buffett's Berkshire Hathaway model which consists of subsidiaries with strong CEOs trusted to run their businesses.