Feeds

Internet executives blaze into Forbes' CEOs' wads chart

Our companies don't make much money, but by heck we do

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Almost a third of the IT industry's 100 wealthiest players work in Internet-related ventures, according to Forbes magazine's annual listing. Many of them are way ahead of better-known executives like Eckhard Ffeiffer (chart position: 42), Lou Gerstner (50) and Craig Barrett (55). There's no great surprise who heads the list: Microsoft's Bill Gates, Paul Allen and Steve Ballmer, in the first, second and third slots, respectively. Forbes estimates Gates' wealth at $58.7 billion, though it's worth noting that this was calculated at the start of August before the summer's stock market plummets wiped an estimated $1.9 billion off Gates' worth. Still, what's a few billion among friends? In fact, many of the names listed made significant losses over the last month or so, largely because so much of their worth is solely based stock options at arguably inflated prices. Amazon.com CEO Jeff Bezos, for instance, saw his fortune grow to $2.1 billion -- making him number eight in the chart -- even though his company has yet to make a cent in profit and is unlikely to do so for some time. Yahoo co-founders David Filo and Jerry Yang, on the other hand, can at least say their company makes money, and it brought them $1 billion and $993.2 million, respectively, putting them at 15 and 16 in the chart. You can view the full top-100 here. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.