Larry Page named Business Person of the Year

Google CEO Larry Page has emerged as the 'business person of the year' for 2014, edging past the likes of Alibaba co-founder Jack Ma and Facebook CEO Mark Zuckerberg.

Page, who is chief executive officer and co-founder of Google, came on top in the 20 global corporate leaders' list compiled on the basis of various factors including company's performance, leadership style and total shareholder returns, the Fortune magazine said while bringing out its list.

Apart from Jack Ma and Zuckerberg, others in the race included Apple's Tim Cook and fast food chain Chipotle co-CEOs - Montgomery Moran and Steve Ells - and Fedex chairman & CEO Fred Smith.

Besides, five women have made the cut to the top 20 list. Interestingly, Amazon's Jeff Bezos, who led Fortune list in 2012, failed to make in to the top 20 list.

Page and his company have packed a lot of evolution into just over 15 years of existence, it added.

The women contenders were Ultra Beauty CEO Mary Dillon, ITT CEO and President Denise Ramos, TJX Cos CEO Carol Meyrotwiz, Theranos Founder and CEO Elizabeth Holmes and Williams-Sonoma President and CEO Laura Alber.

The list is based on various parameters like financial results of the company including 12-month and three year growth in profits and revenues, company's stock performance and total shareholder returns over the same periods.

Apart from several non-financial elements like business influence, leadership style, strategic initiatives played a part in evaluation.

Facebook founder Mark Zuckerberg is the youngest self-made billionaire ever

“23 year old, Single, US resident, Harvard University drop out.” I am talking about Mark Zuckerberg, who has become the newest golden boy of technology. Whenhe was at Harvard, he founded an addictive social-networking site Facebook in February 2004. Later, he left school for Silicon Valley that year; scored initial $500,000 investment from PayPal cofounder Peter Thiel. Venture firms soon swooned, among them Accel Partners and Greylock Partners.

Today Facebook boasts 66 million active users. Estimated annual sales: $150 million. Expanding beyond being a college-only message system and photo album; now courting users to 55,000 different high school, business and city networks. Last October, Microsoft bought 1.6% stake for $240 million and this deal led many analysts to suggest the company is worth $15 billion.

His net worth is estimated to be $1.5 billion, which has made this tech savvy boy the youngest billionaire on earth and possibly the youngest self-made billionaire ever.