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Ellison closing in on Gates' wealthy throne | |
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| Time: 14:47 EST/19:47 GMT | News Source: News.com | Posted By: Byron Hinson | ||
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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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| #1 By 182 (Unknown) at 3/17/2001 2:02:00 AM |
| An excellent point made there! Gates' philanthropy serves as an example to all the mega-rich. It's their money to do with as they please, but it is good to put that money to better use than just making more money. Fundamentally, neither of these men is actually the richest in the world, because the vast majority of their money is in stock they cannot practically sell. I don't know how far down the list you have to get to find someone who is not like that, but all of the men listed in this blurb don't qualify. |
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