Zuckerberg soars up Forbes list of richest Americans
IDG News Service - If Mark Zuckerberg had a dollar for every user on Facebook ... oh wait, he does. He has lots of dollars for every user on Facebook.
Zuckerberg's net worth surged by US$4.9 billion over the past year, to $6.9 billion, putting him at number 35 on the Forbes list of 400 richest Americans, which was released Wednesday. That was up from 135th place last year.
The Facebook founder's wealth was swelled by private equity deals that put the company's value at about $23 billion, Forbes said. His education is listed on the site as: "Dropout, Harvard University."
Zuckerberg wasn't the only person to profit handsomely from the growth at Facebook, which sailed past its 500 millionth user in July. Dustin Moskovitz, who left Facebook in 2008 but retains a stake in the company, is on the list for the first time, in 290th place, with a net worth of $1.4 billion. He's also the youngest person on the list, at 26. (Forbes says he's eight days younger than Zuckerberg.)
Facebook co-founder Eduardo Saverin also made the Top 400 for the first time, with personal wealth of $1.15 billion.
Another Harvard dropout, Bill Gates, retained his place at the top of the list, expanding his wealth by $4 billion from last year to $54 billion. Larry Ellison has to be content with third place again, behind investor Warren Buffett. Ellison's Oracle empire has helped him to amass a fortune of $27 billion.
Other tech leaders in high places include Google founders Larry Page and Sergey Brin, who share 11th place with $15 billion each. Steve Ballmer and Michael Dell each slipped two places on the list, to 15th and 16th, with fortunes of $14 billion and $13.1 billion, respectively.
The rich got richer this year overall, Forbes said. The top 400 earners in America had a combined wealth of $1.37 trillion.
- 15 Non-Certified IT Skills Growing in Demand
- How 19 Tech Titans Target Healthcare
- Twitter Suffering From Growing Pains (and Facebook Comparisons)
- Agile Comes to Data Integration
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- SDCRAA Case Study: Adapting ERP to business needs This case study goes in depth about San Diego County Regional Airport Authority's created flexibility for a changing industry.
- Mobile Policy Checklist Here's what to consider when putting together a mobile policy designed to support a highly productive workforce.
- Mobile Applications Case Study: 8 Billion Transactions a Day The story documents how the online brokerage company tradeMONSTER created a custom mobile app and the success gleaned from this initiative. Also covered...
- Who's afraid of the big (data) bad wolf? Survive the big data storm by getting ahead of integration and governance functional requirements This paper provides a detailed review of the best practices clients should consider before embarking on their big data integration projects.
- Mobile Apps and Devices Slash Customer Cycle Time Consolidated Engineering Laboratories' field employees used to collect data on triplicate forms that were sometimes hard to read and difficult to manage. After...
- Cloud Knowledge Vault Learn how your organization can benefit from the scalability, flexibility, and performance that the cloud offers through the short videos and other resources... All IT Careers White Papers | Webcasts