Forbes 2017 Tech Rich List-100 tech billionaires are worth $1.08 trillion

Microsoft-cofounder-Bill-Gates-is-the-richest-person-in-tech-and-in-the-world-AP Photo


Jeff Bezos, Amazon Founder and CEO has an $81.7 billion in fortune/ Photo Greg Doherty/Getty images    
MARK Zuckerberg is worth $69.6 billion
Larry Ellison who is worth $59.3billion is in fourth spot overall

THUR, AUGUST 24 2017-theG&BJournal –According to the latest Forbes’ technology rich list, their combined net worth of $1.08 trillion is up 21 % from last year, boosted by what Forbes describes, as a dizzying rise in stock prices at companies like Facebook, and the Chinese social media behemoth, Tencent. And even some like Facebook’s Mark Zuckerberg has amassed wealth equivalent to entire countries’ GDP.

The Amazon founder and CEO, Jeff Bezos and Facebook’s co-founder, 40 year old Mark Zuckerberg, saw their fortunes increase by $15 billion each during the year in review to close the gap on the Microsoft co-founder Bill Gates, who still holds the top spot as the world’s richest man with his whopping $84.5 billion in the bank. Bezos who Forbes says, was poised to take the No.1 spot this year and surpassed Bill Gates briefly in the month of July, now has an $81.7 billion fortune.

Larry Ellison who is worth $59.3billion is in fourth spot overall while Larry Page is in the fifth place with $43.9billion in the bank.

Sergey Brin – $42.7, Jack Ma – $37.4b, Ma Huateng – $36.7b, Steve Ballmer – $32.9b, Michael Dell – $22.4b and Masayoshi Son – $22.4b round up the top 10.

The third and fourth biggest gainers on the list are Asia’s two richest tech billionaires. Tencent CEO, Ma Huateng, also known as Pony Ma, is Asia’s second richest tycoon and the third biggest dollar gainer on the tech list. His fortunes increased $14.7 billion to $36.7 billion. Alibaba founder and executive chairman, Jack Ma is the richest tech billionaire in Asia as well as Asia’s richest person with a $37.4 billion fortune, up $11.6 billion from last year.

The United States continues to dominate the Richest in Tech list but more than a third of the Tech’s 100 richest live in Asia and Communist China, leads the pack with 17 members from mainland China and four from Hong Kong. Taiwan also accounts for four tycoons on the list, all of who made their fortunes by doing business with Apple, according to Forbes.

“Fifty list members are American citizens, including eight of the top 10 richest tech billionaires. Nearly three-quarters of these Americans live in California, while the rest are spread out among eight other states. Thirty-three billionaires on this year’s list are Asian citizens and more than half of them live in China or Hong Kong,” according the Forbes report.

The total number of women on the list is now six with new comer, Wang Laichun, owner of Luxshare joining the list this year. Laichun and her brother Wang Laisheng made their fortune manufacturing parts for Apple too.

Qunfei made her $10 billion fortune manufacturing smartphone touch screens

The richest self-made woman in tech is Zhou Qunfei of Hong Kong, who made her $10 billion fortune manufacturing smartphone touch screens. The richest self-made woman in tech the United States is Judy Faulkner, who founded medical record provider Epic in a basement in Wisconsin in 1979 and has a $3.4 billion fortune.

Forbes calculations reveal that eleven of the 100 richest tech billionaires got poorer over the past year. Of those, only saw their fortune shrink by more than $1 billion. The biggest dollar loser on the list is China’s Lei Jun, whose net worth dropped $2.9 billion to $6.9 billion, as his smartphone maker Xaiomi lost market share in China amidst stiff competition. Uber cofounders Travis Kalanick and Garrett Camp’s net worths each dropped $1.2 billion to $5.1 billion. Forbes applied a 20% discount to Uber’s last institutional funding round of $68 billion because of the series of scandals that hit the ride-sharing giant in 2017, starting in February with an explosive blog post by former Uber engineer Susan Fowler detailing how the company ignored her reports of harassment and a lawsuit against Uber by Alphabet’s self-driving car subsidiary, Waymo.

27 year-old Evan Spiegel, the CEO of Snap. Spiegel and co-founder 29 year-old Bobby Murphy are each worth an estimated $3.2 billion.-Getty images

The youngest of them all is 27 year-old Evan Spiegel, the CEO of Snap. Spiegel and co-founder 29 year-old Bobby Murphy are each worth an estimated $3.2 billion.

The total list of the the 16 under 40

The 16 Tech 100 Members Under 40

Evan Spiegel – age 27, $3.2 billion

Bobby Murphy – age 29, $3.2 billion

Rishi Shah – age 31, $3.6 billion

Mark Zuckerberg – age 33, $69.6 billion

Dustin Moskovitz – age 33, $13.3 billion

Nathan Blecharczyk – age 34, $3.8 billion

Eduardo Saverin – age 35, $9.7 billion

Brian Chesky – age 35, $2.4 billion

Joe Gebbia – age 36, $3.9 billion

Frank Wang – age 36, $3.2 billion

Mike Cannon-Brookes – age 37, $2.6 billion

Scott Farquhar – age 37, $2.6 billion

Sean Parker – age 37, $2.6 billion

Garrett Camp – age 38, $5.1 billion

Adam Neumann – age 38, $2.6 billion

Robert Pera – age 39, $4 billion

The top 50 Tech Rich giants

  1. Bill Gates – $84.5b
  2. Jeff Bezos – $81.7b
  3. Mark Zuckerberg – $69.6b
  4. Larry Ellison – $59.3b
  5. Larry Page – $43.9b
  6. Sergey Brin – $42.7
  7. Jack Ma – $37.4b
  8. Ma Huateng – $36.7b
  9. Steve Ballmer – $32.9b
  10. Michael Dell – $22.4b
  11. Masayoshi Son – $22.4b
  12. Elon Musk – $20.7b
  13. Paul Allen – $20.5b
  14. Lee Kun-Hee – $18.3b
  15. Azim Premji – $18.2b
  16. William Ding – $16.1b
  17. Robin Li – $15.8b
  18. Shiv Nadar – $13.5b
  19. Dustin Moskovitz – $13.3b
  20. Hasso Plattner – $12.6b
  21. Zhang Zhidong – $12.5b
  22. Eric Schmidt – $12.4b
  23. Terry Gou – $10.2b
  24. Dietmar Hopp – $10.2b
  25. Liu Qiangdong – $10.1b
  26. Zhou Qunfei – $10b
  27. Eduardo Saverin – $9.7b
  28. Jan Koum – $9.6b
  29. Pierre Omidyar – $9.3b
  30. James Goodnight – $8.9b
  31. Joseph Tsai – $8.7b
  32. Pan Zhengmin – $7.6b
  33. David Duffield – $7.3b
  34. Hiroshi Mikitani – $7.3b
  35. Gordon Moore – $7.1b
  36. Jay Y. Lee – $6.9b
  37. Lei Jun – $6.9b
  38. Brian Acton – $6.3b
  39. Kwon Hyuk-Bin – $6.2b
  40. John Doerr – $5.7b
  41. David Sun – $5.7b
  42. John Tu – $5.7b
  43. Gabe Newell – $5.5b
  44. Andreas von Bechtolsheim – $5.4b
  45. Yeung Kin-man – $5.4b
  46. Ralph Dommermuth – $5.3b
  47. Lam Wai Ying – $5.2b
  48. Garrett Camp – $5.1b
  49. Travis Kalanick – $5.1b
  50. David Cheriton – $4.9b


Source: Forbes

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