The Nation’s 10 Richest In Tech: Zuckerberg And Ballmer Climb, Gates Still Top


Mac, Ryan

September 16, 2013

This time last year, Facebook CEO Mark Zuckerberg’s net worth was languishing. After his company’s disappointing initial public offering in May 2012, the hoodie-wearing executive was worth $9.4 billion, down about $8.1 billion in the three months following Facebook’s debut on the Nasdaq.

A lot changes in 12 months.

On this year’s Forbes 400, Zuckerberg is the sixth richest member to hail from the technology industry with a net worth of $19 billion. This year’s biggest dollar gainer on the list, he is one of 48 people whose fortune’s have derived largely from technology companies. On this year’s rankings of the nation’s richest people, technology is the second-highest represented industry, behind investments, which has 98 representatives.

Bill Gates remains the king of tech–and everything else–with a net worth of $72 billion. He’s been the nation’s wealthiest individual since 1994, and, after adding $6 billion to his coffers in the last year, recently reclaimed the title of world’s richest from Mexican telecom mogul Carlos Slim.

Following Gates, the top five richest in tech remains unchanged. Larry Ellison taking second spot while Amazon CEO Jeff Bezos added $4 billion to his net worth in the last year to follow the Oracle CEO with a net worth of $27.2 billion. Larry Page and Sergey Brin rode a strong 12 months by Google–up 28%–to place fourth and fifth among the American tech billionaires.

Steve Ballmer, now worth $18 billion, rode the Microsoft stock bump that came after he announced he’d be stepping down as CEO of the Redmond, Wash.-based software giant. On Aug. 23, the day Ballmer announced he would be departing, Microsoft shares closed up more than 7%. That contributed to the $2.1 billion rise of Ballmer’s net worth over the past year.

Last year’s only woman among tech’s top 10, Laurene Powell Jobs, drops out this year, despite finding herself $700 million richer. Steve Jobs’ widow and Silicon Valley’s richest woman is replaced this year by Dish Network CEO Charles Ergen, who is up $3.5 billion this year to $12 billion. Dish Network’s stock is up nearly 40% in the last 12 months.

FORBES used stock prices from Aug 23, 2013 to calculate values for The Forbes 400 rankings.

Forbes 400 2013: Richest In Tech

Forbes 400: The Richest People In America The average net worth of America’s 400 richest rose $800 million to a record $5 billion this year. The Youngest Billionaires On The Forbes 400

Follow me on Twitter at @RMac18.

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