Sir Tim Berners-Lee, who won the same prize in 2002, said in a statement: "Google held a mirror up to us, reflecting the myriad little actions of linking as a set of concepts which society has discussed and sought."
The Google execs will be presented their awards and a $100,000 honorarium on 8 October, 2004, at the Foundation's 30th anniversary celebration in Bologna, Italy.
However, the prize money will not add to their already considerable personal net worth. According to the organisers of the award, Brin and Page "will donate their award money to the Fellows Fund at the Marconi Foundation".
Other Marconi Fellows include Robert Metcalfe, inventor of Ethernet; Robert Gallager, creator of advanced communications codes; and Tim Berners-Lee, architect of the World Wide Web.