Forbes has named its world of billionaires once again. Out of the list, the 40 tech billionaires collectively lost $81.5 billion compared to their standing on last year’s list. Who are some of these people?
Bill Gates lost $18 billion but regained his title as the world’s richest man. Warren Buffett, last year’s No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Helú maintains his spot in the top three but lost $25 billion.
It’s hard to feel sorry for him or anyone of the billionaires, but the numbers speak for themselves. It’s staggering how deeply routed this recession is. Larry Page and Sergey Brin of Goggle also lost over $6 billion each. Other business moguls with technology related business that lost major funds include Michael Bloomberg (who had a good year and rose 50 spots on the list), News Corp’s Rupert Murdoch (down to $4 billion), and Viacom’s Sumner Redstone (he is now number 701 from 137 on the list, losing $5.8 billion).
The tech billionaires are still collectively worth about $203.4 billion. How quick do you think the recovery will be for the tech sector and tech-related investments, jobs and training? Can we be optimistic?