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  Ellison closing in on Gates' wealthy throne
Time: 14:47 EST/19:47 GMT | News Source: News.com | Posted By: Byron Hinson

Microsoft Chairman Bill Gates continues his reign as the richest technocrat, but longtime rival Larry Ellison is close on Gates' heels, according to the newest rankings from Forbes. Gates has a net worth of $54.4 billion, or $38.3 billion less than in November 1999. No. 2 Ellison, chief executive of database giant Oracle, is worth $42.1 billion. The gap between Gates and Ellison is $12.3 billion, compared with $80.3 billion in 1999. Other Microsoft techies dominated the top five: Microsoft co-founder Paul Allen is worth $24.4 billion, and Microsoft Chief Executive Steve Ballmer is worth $15.3 billion. Intel co-founder Gordon Moore is worth $13.2 billion.

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