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Fortune’s 2014 Businessperson of the Year electrified the business world with far-out “moon shots” like self-driving cars, balloons that provide Internet connections, and life-extending science. This year, Page signaled that he intends to make those side projects into real businesses, reorganizing Google into a holding company called Alphabet. It will be years before the “Other Bets” segment turns a profit, but until then investors can take comfort in the healthy operating margins—26% on average this year—of Google’s advertising business. Revenue grew 20% annually for the past three years, with profits ascending at a comparable rate, even amid aggressive competition for mobile ad budgets from the likes of Facebook.