Feeds

Gates back on top of the world

Sunday Times mi$calculation

  • alert
  • submit to reddit

Intelligent flash storage arrays

Last week, the Sunday Times Rich List claimed that Wal-Mart Chairman Robson Walton had surpassed Microsoft Chairman Bill Gates as the most obscenely wealthy person in the known universe, but appears to have neglected to carry a two or somehow misplaced a decimal point in its calculations.

Indeed, the Times overestimated Walton's fortune by a stunning $48 billion, Forbes Magazine reckons. The "1.7 billion Wal-Mart shares owned collectively by founder Sam Walton's widow and their four children are in fact split evenly amongst the five of them. With a total value of nearly $87 billion, that leaves them each only $17 billion," the magazine says.

"To be fair, the Times does bury an explanation -- 'denotes family wealth' -- at the bottom of a table that accompanies the article. But that's simply no excuse for its inflammatory, and incorrect, headline: 'Gates Ousted as World's Wealthiest Man,'" Forbes observes.

Fair enough; but after a certain point of extravagance, does it really matter who's got more or less? Can a guy worth $50 billion eat tastier food, travel in greater luxury, achieve a firmer erection, buy more legislators, send his kids to better schools, than one worth $5 billion?

Think about it. ®

Related Story

Gates no longer richest man on planet

Choosing a cloud hosting partner with confidence

Whitepapers

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.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.