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2016 Rich List: The Top 10 Billionaires in Tech

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The fast-moving startup scene has captured the imaginations of many people around the world.

Part of the reason? The traditional art of fortune-building used to pay off only after decades of perseverance, focus, and patience. Today, however, the scalability of technology allows an aspiring entrepreneur to go from zero to hero in a few short years.

With a bright idea and skillful execution, a billion-dollar fortune can be made almost overnight.

The Top 10 Billionaires in Tech

The speed of technology is reflected in the following infographic from ERS Solutions, which covers the wealthiest 10 billionaires in tech.

The oldest person on the list is Larry Ellison at 72 years old.

The youngest? It’s Mark Zuckerberg, who is forty years his junior.

Top 10 Billionaires in Tech

How fast do things change in tech?

Compare this year’s list with the top 10 billionaires in tech from 2006 and you will see clear differences.

Hasso Plattner, Paul Allen, and Pierre Omidyar all made the list ten years ago, but are nowhere to be seen on the 2016 edition. They were bumped off the list by new names like Mark Zuckerberg, Jeff Bezos, and Jack Ma – entrepreneurs who were just getting things rolling in 2006.

Back then, Amazon’s stock price was $35 per share (today, it is $844) and Facebook had just started allowing signups from users outside of colleges and high schools. Meanwhile, Alibaba had measly revenues of $68 million per year, and had just took a $1 billion investment from Yahoo.

The criteria to make the list has also changed considerably over the last decade. The “poorest” person on the list had $6 billion in 2006. Ten years later, one would need at least a fortune of $20 billion to scrape it onto the list’s #10 spot.

Here’s the data from 2016 again in table-form:

Top 10 Billionaires in Tech

RankNameSource of WealthAgeFortune
1Bill GatesMicrosoft62$78 billion
2Jeff BezosAmazon.com52$66.2 billion
3Mark ZuckerbergFacebook32$54 billion
4Larry EllisonOracle72$51.7 billion
5Larry PageGoogle43$39 billion
6Sergey BrinGoogle43$38.2 billion
7Steve BallmerMicrosoft60$27.7 billion
8Jack MaAlibaba52$25.8 billion
9Ma HuatengTencent44$22 billion
10Michael DellDell51$20 billion

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Ranked: The 20 Biggest Tech Companies by Market Cap

In total, the 20 biggest tech companies are worth over $20 trillion—nearly 18% of the stock market value globally.

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A portion of the top 20 biggest tech companies visualized as bubbles sized by market cap with Apple as the biggest.

Ranked: The 20 Biggest Tech Companies by Market Cap

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.

This graphic shows which companies top the ranks, using data from Companiesmarketcap.com.

A Closer Look at The Top 20

Market capitalization (market cap) measures what a company is worth by taking the current share price and multiplying it by the number of shares outstanding. Here are the biggest tech companies according to their market cap on June 13, 2024.

RankCompanyCountry/RegionMarket Cap
1AppleU.S.$3.3T
2MicrosoftU.S.$3.3T
3NvidiaU.S.$3.2T
4AlphabetU.S.$2.2T
5AmazonU.S.$1.9T
6MetaU.S.$1.3T
7TSMCTaiwan$897B
8BroadcomU.S.$778B
9TeslaU.S.$582B
10TencentChina$453B
11ASMLNetherlands$415B
12OracleU.S.$384B
13SamsungSouth Korea$379B
14NetflixU.S.$281B
15AMDU.S.$258B
16QualcommU.S.$243B
17SAPGermany$225B
18SalesforceU.S.$222B
19PDD Holdings (owns Pinduoduo)China$212B
20AdobeU.S.$206B

Note: PDD Holdings says its headquarters remain in Shanghai, China, and Ireland is used for legal registration for its overseas business.

 

Apple is the largest tech company at the moment, having competed with Microsoft for the top of the leaderboard for many years. The company saw its market cap soar after announcing its generative AI, Apple Intelligence. Analysts believe people will upgrade their devices over the next few years, since the new features are only available on the iPhone 15 Pro or newer.

Microsoft is in second place in the rankings, partly thanks to enthusiasm for its AI software which is already generating revenue. Rising profits also contributed to the company’s value. For the quarter ended March 31, 2024, Microsoft increased its net income by 20% compared to the same quarter last year.

Nvidia follows closely behind with the third-highest market cap, rising more than eight times higher compared to its value at the start of 2023. The company has recently announced higher profits, introduced a higher dividend, and reported that its next-generation GPU chip will start generating revenue later this year.

AI a Driver of the Biggest Tech Companies

It’s clear from the biggest tech companies that involvement in AI can contribute to investor confidence.

Among S&P 500 companies, AI has certainly become a focus topic. In fact, 199 companies cited the term “AI” during their first quarter earnings calls, the highest on record. The companies who mentioned AI the most were Meta (95 times), Nvidia (86 times), and Microsoft (74 times).

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