Wednesday, September 26, 2018

The fastest growing net worth in the tech industry today



Considering the epic rise of tech companies such as Facebook, Amazon, and Alibaba, it’s no surprise that people keep looking at Tech or FinTech companies for massive growth. These industries can grow a mile overnight and can reach the heavens within months of their initial operations. Here are some of the fastest growing companies in terms of net worth.


In terms of growth, Amazon is still king. With a rather impressive 59% growth in stock prices over the last year, CEO Jeff Bezos is currently the richest tech CEO with a net worth of $112 billion, the only tech billionaire to breach the $100 billion mark. This recent stock growth contributed close to $40 billion to his current net worth. Bezos currently owns 16% of Amazon stocks.


Bill Gates held the spot for richest man alive 18 times in the last 24 years and goes back to number 2 this year with a net worth of $90 billion. This net worth does not include the $31 billion Gates has donated to philanthropic causes over the years.


Two of the top newcomers in the tech industry hail from Russia. Andrey Andreev, creator of Badoo, the largest dating website in the world, makes it to the list along with Pavel Durov, known for being the Russian Mark Zuckerberg. Some of Durov’s creations include social media network Vkontakte and Telegram Messenger.


My name's Steve Sorensen, an investment strategist and, recently, business blogger. I have been fascinated by the meteoric growth of some of the world's most successful companies, so I have been looking into their history to find out how their net worth has grown to Fortune 500 levels. For more insightful reads on the tech industry’s CEOs, visit this website.