Bill Gates Tops Forbes List Of Wealthy Americans - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
IT Leadership // Team Building & Staffing

Bill Gates Tops Forbes List Of Wealthy Americans

Computer entrepreneurs fared well on the magazine's annual list of the superrich.

Microsoft's Bill Gates and Oracle's Larry Ellison nailed down the first- and third-place positions, respectively, in Forbes magazine's annual list of America's superrich.

The list was announced Wednesday in the midst of collapsing Wall Street stock averages and imploding companies. The rankings could shift after that dust settles, as the lineup of wealthy Americans is inevitably rearranged.

Forbes listed Gates' fortune at $57 billion and Ellison's at $27 billion. Gates' close friend and business and philanthropy partner Warren Buffet, chairman of Berkshire Hathaway, was listed in the second-place position with a $50 billion fortune.

Gates held onto his first-place position in the United States even as he lost his global first-place spot to Mexico's Carlos Slim. Slim is no stranger to U.S. high-tech circles, as he was a major investor in MCI and in CompUSA. He recently took a major equity position in the New York Times.

Gates and Paul Allen -- now No. 12 on the Forbes list -- founded Microsoft and built it into a worldwide software colossus. Gates has eased out of Microsoft in recent months to concentrate on his philanthropy interests; the company is now directed by his former Harvard roommate, Steve Ballmer, who is ranked No. 15 on the Forbes list.

Gates also shares some history with other top-ranking people in the Forbes listing -- he and Ellison, for instance, are both college dropouts. Ellison dropped out of the University of Illinois and has build Oracle into the global database leader. In addition to leading his company, he has become an expert sailing racer and is focused on winning the next America's Cup.

Dell founder Michael Dell dropped out of the University of Texas to form his PC company. He is listed in the 11th position on Forbes 400 Richest Americans. Allen dropped out of Washington State University, and, since leaving Microsoft, his Vulcan investment firm has been involved in a wide range of activities, including the Seattle Seahawks football team.

High-tech college graduates don't appear on the Forbes list until the 13th and 14th places, which are held by Google founders Sergey Brin and Larry Page. Both hold master's degrees from Stanford University.

Other computer businessmen and entrepreneurs making the Forbes list are SAS founder James Goodnight and Amazon founder Jeffrey Bezos, sharing the 33rd position; eBay founder Pierre Omidyar, 54th; Google chairman Eric Schmidt, 59th; Apple founder Steve Jobs, 61st; and EDS founder Ross Perot, 68th.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
CIOs Face Decisions on Remote Work for Post-Pandemic Future
Joao-Pierre S. Ruth, Senior Writer,  2/19/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
News
CRM Trends 2021: How the Pandemic Altered Customer Behavior Forever
Jessica Davis, Senior Editor, Enterprise Apps,  2/18/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
Slideshows
Flash Poll