The collective net worth of the super rich on Forbes's annual list of the 400 wealthiest Americans fell by US$300 billion over the past 12 months, and the tech sector spilled its share of the red ink.
Microsoft's Bill Gates lost the most — at least on paper. His net worth dropped from US$57 to US$50 billion, not enough, however, to keep him from topping the list for the 16th year in a row. Two current and former Microsofties were close behind: Paul Allen (No. 17) lost US$4.5 billion and Steve Ballmer (No. 14) gave up US$1.7 billion.
Other notable losers were Michael Dell (No. 13), down US$2.8 billion, and SAS's James Goodnight (No. 33), off US$1.9 billion.
In this company, the US$600 million that Apple CEO Steve Jobs lost on paper doesn't seem so bad. In fact, on the strength of the US$5.1 billion he still has, he moved 18 spots up the Forbes 400 list, from No. 61 to No. 43.
Below: The 12 richest tech moguls and their change in net worth. One actually got richer. Can you guess who?
No. 1. Bill Gates, Microsoft: US$50 billion, down US$7 billion
No. 3 Larry Ellison, Oracle: US$27 billion, no change
No. 11 Sergey Brin, Google: US$15.3 billion, down US$600 million
No. 11 Larry Page, Google: US$15.3 billion, down US$500 million
No. 13 Michael Dell, Dell: US$14.5 billion, down US$2.8 billion
No. 14 Steve Ballmer, Microsoft: US$13.3 billion, down US$1.7 billion
No. 17 Paul Allen, Microsoft: US$11.5 billion, down US$4.5 billion
No. 28 Jeff Bezos, Amazon: US$8.8 billion, up US$100 million
No. 33 James Goodnight, SAS Institute: US$6.8 billion, down US$1.9 billion
No. 40 Pierre Omidyar, eBay: US$5.5 billion, down US$800 million
No. 40 Eric Schmidt, Google: US$5.5 billion, down US$400 million
No. 43 Steve Jobs, Apple, Pixar: US$5.1 billion, down US$600 million
CNN Fortune Brainstorm Tech. Oct. 1, 2009.
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7 comments:
It is a well-known fact that Bill Gates is the wealthiest person in the world with US$50 billion. Though Bill Gates is the Tech’s biggest loser, still he is the richest, that keeping him from the top of the list for the 16th year in a row.
For Apple, Steve Jobs only got US$5.1 billion, the lowest among the 12 richest tech moguls. I think it is crucial for Apple to work hard and invent more advanced technologies. That Apple’s devotees like Mr Fu may like to keep using their products, and he may be willing to keep on investing on them. Thus, it is possible for Apple to move spots up the Forbes 400 list in future.
Bill Gates is heart on public charity.Therefor i think the money he lost is also mean that poor peoples lost help.7 billion dollars can help huge of peoples in the world...So we can view that the lost of 7 billion dollars is not the own lost of Bill Gates,it is the lost of the whole world!!!
It was astonishing that Bill Gates lost $7 Billion but still he is the richest. $7 billion is not a small amount of money which, to be frank, not everyone can earn such amount...
Bill Gates was well-known since he has invented 'Microsoft' and up to date, even a primary school student may know how to use his software, like Microsoft word, etc.
I think he was one of the most crucial person in recent life. In my mind, his work has brought our world to another stage which is more technical and more modernized.
I think this news is very shock for me.In fact,everyone knows that Bill Gates is the wealthiest person in the world.Although he lost $7 billion,he still is the richest person in the world.Nowadays,'Microsoft' is very significant for us.For example,Microsoft powerpoint is one of the software that we usually to use it.It helps us present our works or projects easily.Thus,i believe Bill Gates invented 'Microsoft' is the main reason lead to be the richest
What are big surprise for me , 400 wealthiest Americans fell by US$300 billion last year . That's a large number .
Even Gates lost $7 billion last year , but he still have $50 billion of net worth . $7 billion maybe a small number for him . After one year or half-year , they will come back !
Loot at Jeff Bezos , he got richer ! I think he is very lucky . Is he good at investment ?
becoming a millionaire was always me dream. education is a kind of investment, so i will be studying hard for this a-level because i wanna earn a lot of money. want to have a lot of money probably a thing that people wont admire, but in my view, having any kind of motivation is indeed a good thing for anyone in this world.
Nearly every computer user has to spend money on buying Microsoft's products. No wonder why Bill Gates has become the richest person on earth. As Bryan suggested, Steve Jobs ranks the lowest among the 12 richest tech moguls. This seems to be somewhat low achieving. However, I'm not sure if you know, Apple nearly went bankrupt in the 90s. Basically, it's because of Steve Jobs who has made it possible for their success today.
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