Microsoft cofounder Bill Gates has definitively been the richest guy in Silicon Valley since „Friends“ first aired on television. But leave it to Amazon CEO Jeff Bezos to dethrone the king and blow the rankings out of the water with a fortune that now tops $150 billion.
Although you can be sure that Forbes‘ annual list of the 400 wealthiest Americans will be loaded with hedge fund execs and investment firm founders, tech executives have steadily infiltrated the ranks and made their way up the chart.
The 400 Americans who made Forbes‘ list this year averaged a net worth of $7.2 billion — an estimated half a billion more than last year. To simply make the list, these billionaires needed a net worth of at least $2.1 billion. That still left more than 200 billionaires out of the rankings, according to Forbes.
The 2018 list, released Wednesday, has the seasoned founders of well-established tech companies, but also features some new names. Included in the rankings are the founders of file-sharing platform Dropbox, e-commerce site Wayfair, blockchain-based company Ripple, and e-mail provider MailChimp.
Here are the 25 wealthiest tech executives in the U.S. in 2018:
25. John Tu & David Sun, co-founders of Kingston Technology
Net worth: $5.4 billion each
Change from 2017 ranking: –36
Net worth in 2017: $6 billion
Although the net worth of Kingston’s co-founders did drop by more than a half billion in the last year, the company remains one of the largest providers of USB drives, SD cards, and just about any other memory-storing product.
24. Travis Kalanick, co-founder of Uber
Net worth: $5.9 billion
Change from 2017 ranking: +11
Net worth in 2017: $5.1 billion
Kalanick’s spot in the Forbes 2017 list dramatically dropped when Uber essentially imploded, and the co-founder was forced out of his role as the company’s CEO. Kalanick has since taken charge of a small real-estate startup and made up some ground in this year’s rankings.
23. Jack Dorsey, CEO of Twitter & Square
Net worth: $6.3 billion
Change from 2017 ranking: +274
Net worth in 2017: $2.2 billion
Dorsey made one of the biggest leaps up this year’s list, thanks to shares of Square — a mobile payments company — rising exponentially in the past year.
See the rest of the story at Business Insider
Source: Business insider