Technology’s Effect on the Forbes List

Posted by Admin - March 11, 2010

Who knew that Bill Gates raising his networth $13 million this year wouldn’t be enough to keep his top spot on the Forbes Billionaire List? Despite those massive gains, he was overtaken by Mexican telecommunications mogul Carlos Slim.

Though the software visionary’s net worth rose $13 billion to a whopping $53 billion in the last year, he was ousted from the top of the money bin by Mexican telecom mogul Carlos Slim Helu, who took the No. 1 spot on Forbes’ billionaire list this year, with a fortune of $53.5 billion.

Despite this coup, the top 10 richest tech billionaires saw their fortunes rise a collective $55.8 billion over the past year, helped by a surge in the value of technology stocks.

The article, here, details how much billionaires involved in technology benefited from that involvement, and why. The article is a good read and reminder of how powerful technology is.