Bill Gates richest American, according to Forbes

10:18 • 03.10.14
Economy

Microsoft MSFT -0.39% founder Bill Gates is still the richest American and the richest in tech, according to Forbes.


The magazine reports that he is using his billions to effect major social change around the globe.


Meanwhile, Gates keeps getting richer, adding $9 billion to his net worth in the last year. The gain is said to be partly due to a sharp rise in shares at Microsoft, where Gates stepped down as chairman to take a different role advising current management on new products and technologies. His fortune is also up thanks to big returns on his investments in Canadian National Railway and trash company Republic Services, which Gates holds through his investment firm Cascade.


Oracle ORCL +0.47%cofounder Larry Ellison is the third richest American and the second richest in tech. Gates’ and Ellison’s fortunes each grew $9 billion over the past year. Amazon founder Jeff Bezos has a net worth estimated at $30.3 billion, up $3.3 billion from a year ago. He ranks 32 on The Forbes 400 and is the sixth richest person in tech.


Out of the 52 billionaires on the list who made their money in tech, only three saw their wealth decline — slightly. EBay founder Pierre Omidyar and LinkedIn cofounder Reid Hoffman were down about $300 million, and Groupon CEOEric Lefkofsky dropped around $200 million.


Four new tech entrepreneurs joined The Forbes 400 this year. WhatsApp cofounders Jan Koum and Brian Acton made the list after Facebook bought the messaging service for $19 billion earlier this year. Twitter cofounder Evan Williams became a billionaire after the social network went public last November.

 

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