Sunday 1 July 2012

New-tech moguls: the modern robber barons?

Are today's captains of industry – the wealthy and powerful figures who control the digital universe – any different from the ruthless corporate figures of the past?

Here's an interesting fact: 10 of the people on Forbes magazine's tally of the world's 100 richest billionaires made their money from computer and/or network technology. At the top (second on the list) is Bill Gates, co-founder of Microsoft, whose net worth is estimated by Forbes at $61bn, despite the fact that he continues to try to give it away. Gates is followed by Larry Ellison, boss of Oracle, with $36bn, and Michael Bloomberg with $22bn. Larry Page and Sergey Brin – co-founders of Google – occupy joint 24th place with $18.7bn each. Jeff Bezos of Amazon is No 26 with $18.4bn while the newly enriched Mark Zuckerberg of Facebook sits at No 35 with £17.5bn. Michael Dell, founder of the eponymous computer manufacturer, is at No 41 with $15.9bn while Steve Ballmer, Microsoft's CEO, is three places lower on $15.7bn and Paul Allen – co-founder of Microsoft – brings up the rear at No 48 with a mere $14.2bn. Steve Jobs, who was worth about $9bn when he died, doesn't even figure.

http://www.guardian.co.uk/technology/2012/jul/01/new-tech-moguls-robber-barons

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