One co-founder of Google may be on the verge of pulling in billions of dollars with the most anticipated public offering in years, but he continues to live modestly, his Russian emigre father said Monday.
"He does not have much money, I do not have much money," Michael Brin, father of Google President Sergey Brin, said in an interview.
"He is renting a two-bedroom apartment, he drives a Toyota Prius," he said of the hybrid gas-electric car that sells for around $20,000.
Internet search leader Google filed to go public on Thursday, seeking to raise $2.7 billion in an unusual auction-style offering.
According to a document filed with the Securities and Exchange Commission, the company generated $961.9 million in revenue in fiscal 2003 and posted $105.6 million in net profit. That marked the third consequitive year of profits for the Web's most popular search engine.
The filing caps months of speculation over a deal that many expect could signal a resurgence of Silicon Valley after three lean years.