Showing posts with label Richest and Most Millionaire Person of United States. Show all posts
Showing posts with label Richest and Most Millionaire Person of United States. Show all posts

Friday, April 17, 2009

Most Richest and Millionaire Person of United States


Lawrence Joseph "Larry" Ellison (born August 17, 1944) is an American entrepreneur and the co-founder and CEO of Oracle Corporation, a major enterprise software company. He is currently listed on Forbes list of billionaires as the #4 richest person in the world as of March 11, 2009. Ellison is the 3rd richest American and 4th richest person in the world, with an estimated networth of $22.5 billion. Ellison owns 22.59% of Oracle Corporation. His shares are worth between $20-25 billion.


Net Worth:$22.5 bil

Fortune:self made

Source:Oracle


Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past 4 years. Bought BEA Systems for $8.5 billion last year. Still sitting on $7 billion in cash. Revenues up 11% to $10.9 billion in the six months ended November 30; profits also up 11% to $2.4 billion. Stock down 25% in past 12 months. Invested $125 million in Web software outfit Netsuite; took public in 2007, stock has fallen 80% since. His shares still worth $300 million. Chicago native studied physics at U. of Chicago, didn't graduate. Started Oracle in 1977. Public 1986, a day before Microsoft. Owns 453-foot Rising Sun; built a smaller leisure boat because superyacht is hard to park. Squabbling in court with Swiss boating billionaire Ernesto Bertarelli over terms of next America's Cup. Recently unveiled hulking 90-foot trimaran he intends to use to win it.

Most Richest and Millionaire Person of United States


William Henry "Bill" Gates III World Most Richest and Millionaire Person of United States (born October 28, 1955) is an American business magnate, philanthropist, author, and chairman of Microsoft, the software company he founded with Paul Allen. He is ranked consistently one of the world's wealthiest people[4] and the wealthiest overall as of 2009.During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder with more than 8 percent of the common stock.He has also authored or co-authored several books.
Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is admired by many, a number of industry insiders criticize his business tactics, which they consider anti-competitive, an opinion which has in some cases been upheld by the courts.In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.
Bill Gates stepped down as chief executive officer of Microsoft in January, 2000. He remained as chairman and created the position of chief software architect. In June, 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect and Craig Mundie, chief research and strategy officer. Gates's last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.
As of 2009 he has had over 5 honorary doctorates from several world renowned universities.
Net Worth: $40.0 bil
Fortune: self made
Software visionary regains title as the world's richest man despite losing $18 billion in the past 12 months. Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation. Organization's assets were $30 billion in January; annual letter lauds endowment manager Michael Larson for limiting last year's losses to 20%. Gates decided to increase donations in 2009 to $3.8 billion, up 15% from 2008. Dedicated to fighting hunger in developing countries, improving education in America's high schools and developing vaccines against malaria, tuberculosis and AIDS. Appointed Microsoft Office veteran Jeffrey Raikes chief exec of Gates Foundation in September. Gates remains Microsoft chairman. Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft. Stock down 45% in past 12 months. "Creative capitalist" wants companies to match profitmaking with doing good.