THE WORLD'S RICHEST IN TECH BILLIONARES OF 2013
No. 1: Bill Gates
Net Worth: $67 billionBill Gates, the world's most generous person, has already
given more than $28 billion, but said in his fifth annual letter for the Bill
& Melinda Gates Foundation that the total amount invested is less important
than precise measures of impact, like child mortality rates. Gates' net
worth increased $6 billion to $67 billion in the past year - with no help from
the company he cofounded, Microsoft, in which he still has a 5% stock. Most of
his fortune these days is spread across private equity, bonds, and stocks like
hygiene tech firm Ecolab, Mexican TV broadcaster Televisa, and Latin America's largest
beverage company FEMSA
No. 2: Larry Ellison
Net Worth: $43 billionIn the past year, Larry Ellison, America's third richest
man, has been on a real estate buying spree. In June, he bought 98% of the
Hawaiian island of Lanai from David Murdock. That purchase, for a reported $500
million or more, gave Ellison almost all of the 141-square mile island,
including two resort hotels and a housing development. As of February, his
shares of Oracle are up more than 20% year-over-year.
No. 3: Jeff Bezos
Net Worth: $25.2 billionJeff Bezos' Amazon.com is the world's largest internet
retailer of any kind, reporting more than $61 billion in 2012 sales, up $13
billion from the previous year. A 40% surge in the price of the company's stock
added $6.8 billion to Bezos' net worth over the past year. The Seattle-based company
continues to separate from the pack on service and speed, adding 20 new
shipment hubs in 2012.
No. 4: Larry Page
Net Worth: $23 billionLarry Page, Google's cofounder and CEO since April 2011, saw
the company through the $50 billion revenue milestone in 2012. The stock rose
nearly 30% in the past year, adding more than $4 billion to Page's net worth.
With Google's desktop search business beginning to mature, Page is focusing
more of his attention on mobile, an area which he called "uncharted
territory" during the company's fourth quarter earnings call.
No. 5: Sergey Brin
Net Worth: $22.8 billionGoogle cofounder Sergey Brin is now director of special
projects at the Mountain View, Calif.-based search giant, leaving his counterpart
Larry Page to handle most day-to-day operations. Brin oversees Google's foray
into hardware and futuristic endeavors like driverless cars and augmented
reality spectacles known as Google Glass. Since debuting Glass in June 2012 at
his company's developer conference, he has been spotted testing them out
on the New York City subway
No. 6: Michael Dell
Net Worth: $15.3 billionMichael Dell, whose eponymous shares have gotten no love
from Wall Street in four years, wants to take his baby private. In what could
be the biggest leveraged buy-out of recent years, Michael Dell and his
investment partners at Silver Lake struck an agreement in February with Dell's
board to acquire the company he founded in 1984 for $24.4 billion. Several
prominent shareholders like Southeastern Asset Management have pledged to
block the deal, arguing that the bid undervalues the company.
No. 7: Steve Ballmer
Net Worth: $15.2 billionMicrosoft CEO and Chairman Steve Ballmer is celebrating his
33rd year at the software company the same way he has spent the last few,
selling the world on all of the company's new products while battling
accusations he's been outmaneuvered in the mobile era by Apple and Google.
Slumping PC sales don't help matters either. Ballmer is now in his 13th year as
CEO and, with a stock down 1.32% over the past five years, he continues to be
dogged with criticism he's been on the job too long.
No. 8: Paul Allen
Net Worth: $15 billionMicrosoft cofounder and philanthropist Paul Allen continues
to score big in real estate, tech and energy. In late 2012 his Vulcan Real
Estate sold to Amazon the 12-building campus the online retailer had been
leasing in downtown Seattle. At $1.15 billion, it was the biggest U.S.
commercial real estate deal of the year. The proceeds will go to paying off
debt and developing even more space for Amazon. Allen has been selling off
shares of the software maker he started with Bill Gates and investing in a more
diversified basket of media, energy and tech stocks.
No. 9: Mark Zuckerberg
Net Worth: $13.3 billionFew CEOs of any age are under more media scrutiny than
28-year-old Mark Zuckerberg. Since taking Facebook public in May 2012, the
hoodie-wearing founder has seen his net worth rise and fall with every
fluctuation of the stock price, which fell under $20 in August 2012. The stock
has since rebounded more than 30% as of February on confidence that Facebook
may end up figuring out how to make money on mobile ads.
No. 10: Azim Premji
Net Worth: $11.2 billionAsia's most generous person, Azim Premji gave away $2.3
billion worth of shares in his outsourcing firm Wipro to his education-focused
foundation in February, just days after agreeing to sign Bill Gates' and Warren
Buffett's Giving Pledge. Premji, who co-hosted a philanthropy meeting in June
2012 in Bangalore with Gates and Ratan Tata, had already given away $2 billion
to his foundation in 2010. By FORBES' count, only four people in the world
are more generous than him. Meanwhile Wipro's stock has dipped in what is seen
as a difficult market for outsourcers as they scramble for new contracts.
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