Tech sector rides on rich list

Mar 04, 2013

America's technology sector remained a driving force for the world's billionaires, led by Microsoft's Bill Gates and other familiar names, a Forbes survey showed Monday.

Gates, the world's second richest individual on the Forbes list, saw his fortune rise by some $6 billion to $67 billion, but the magazine attributed this to his private equity and other holdings, not to Microsoft.

That allowed Gates to widen his lead among tech billionaires over Oracle founder , with a net worth of $43 billion—making him number five overall on the Forbes list.

Amazon's Jeff Bezos, number 19 overall on the list, was third in the tech sector with holdings valued at $25.2 billion. 's chief executive Larry Page and co-founder Sergei Brin were close behind with $23 billion and $22.8 billion, respectively.

Despite his company's woes, Dell founder held a fortune worth $15.3 billion, making him the sixth wealthiest tech billionaire.

Microsoft CEO was not far behind at $15.2 billion, as was a co-founder of the software firm, Paul Allen, with $15 billion, much of that in other holdings including sports teams.

Facebook's has seen some of the wildest swings in recent years but ranked ninth among tech billionaires with a worth estimated at $13.3 billion.

Zuckerberg's fortune had been pegged at $17.5 billion a year ago, and it could have moved higher after the social network's public offering, but slid to $9.4 billion with the slump in Facebook shares, which have since seen a rebound.

The wealthiest non-American among the tech billionaires was Indian software tycoon Azim Premji, who inherited a cooking oil company and transformed it into India's third-biggest outsourcing services firm, Wipro.

Forbes gave an estimate of $11.2 billion for the net worth of Premji, who last month donated $2.3 billion to an education charity, reportedly the biggest charitable donation in the country's recent history.

Number 11 among the tech billionaires in the Forbes list was the family of Laureen Powell Jobs, widow of Apple co-founder Steve Jobs, with an estimated fortune of $10.7 billion.

Twelfth in the sector was Hasso Plattner, a cofounder of German software firm SAP ($8.9 billion), followed by eBay founder Pierre Omidyar ($8.7 billion), Google chairman Eric Schmidt ($8.2 billion) and James Goodnight of the analytics firm SAS ($7.7 billion).

Explore further: China's Alibaba plans IPO for week of September 8

add to favorites email to friend print save as pdf

Related Stories

India tech tycoon donates $2.3 bn to charity

Feb 23, 2013

Indian software tycoon Azim Premji said Saturday he has given $2.3 billion to an education charity that he controls, reportedly the biggest charitable donation in the country's recent history.

Google chairman to sell $2.5 bn of shares

Feb 09, 2013

Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

Tale of the tape: Google versus Facebook

May 17, 2012

Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance ...

Facebook staff might sell fortune in stock: report

Feb 10, 2011

Facebook may let employees sell up to $1 billion in shares at a price that would value the social networking service at $60 billion, technology news website All Things Digital said Thursday.

Recommended for you

China's Alibaba plans IPO for week of September 8

16 hours ago

Chinese e-commerce giant Alibaba plans to hold its initial public offering on the US stock market the week of September 8, the Wall Street Journal reported Saturday, citing a person familiar with the matter.

Tablet sales slow as PCs find footing

17 hours ago

Tablets won't eclipse personal computers as fast as once thought, according to studies by market tracker International Data Corporation (IDC).

Chinese e-commerce rivals challenge Alibaba (Update)

Aug 29, 2014

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

User comments : 0