October DealsAmazon USOctober deal check: compare before you payAmazon US: current deals, useful picks and tech finds.Check DealsWindows FixRecommendedWindows errors stealing your time? Find the fix fastScan stability, cleanup and performance issues.Fix NowOctober DealsAmazon USDeal season is back - check today's better picksAmazon US: current deals, useful picks and tech finds.See Picks×
Skip to content
The Finance Base
The Money Desk · Blog
Re:

Tech Giants Dominated the Top of Forbes’ 2021 Billionaires List

Forbes’ 2021 list placed technology billionaires in four of the top five ranks, while its industry analysis counted 365 tech billionaires worth a combined estimated $2.5 trillion.
From TheFinanceBase Team2 min to read
Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Technology billionaires held four of the top five places on Forbes’ 2021 World’s Billionaires list, led by Amazon founder Jeff Bezos at an estimated $177 billion. Luxury-goods executive Bernard Arnault ranked third, so tech did not claim every spot. Forbes’ separate industry analysis shows the broader concentration: technology billionaires accounted for six of the top 10 and eight of the top 20 richest people.

Who were the five richest people on Forbes’ 2021 list?

Forbes’ 35th annual list ranked these five people by estimated net worth. The estimates used stock prices and exchange rates from March 5, 2021, so they describe a dated snapshot rather than current wealth.

Rank Name Estimated net worth Forbes’ source-of-wealth label
1 Jeff Bezos $177 billion Amazon
2 Elon Musk $151 billion Tesla and SpaceX
3 Bernard Arnault $150 billion Luxury goods
4 Bill Gates $124 billion Microsoft
5 Mark Zuckerberg $97 billion Facebook

Thus, “tech giants dominate” is accurate for representation among the highest-ranked fortunes, not a claim that all five were technology billionaires. Arnault, who ranked third, made his fortune in luxury goods. Forbes’ full list counted 2,755 billionaires with a combined estimated net worth of $13.1 trillion, 660 more people than the prior year. Forbes’ 2021 list supplies the rankings, totals, wealth labels and valuation date.

How concentrated was wealth among technology billionaires?

Forbes’ industry analysis counted 365 technology billionaires in 2021, with combined estimated wealth of $2.5 trillion. That was an 80% increase from $1.4 trillion the prior year, while the sector’s headcount rose from 241 to 365. These are Forbes’ estimates for the technology category, not totals for every billionaire on the list.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
  • The 20 richest technology billionaires were worth $1.2 trillion combined—nearly half of the sector’s $2.5 trillion total.
  • Technology billionaires made up six of the 10 richest people and eight of the 20 richest people overall.
  • Technology ranked second by billionaire headcount, behind finance and investments, which had 371. Its aggregate wealth total exceeded the cited totals for fashion and retail ($1.7 trillion) and finance and investments ($1.5 trillion).

The industry figures and comparisons are reported in Forbes’ 2021 technology-billionaire analysis. Headcount, combined wealth and placement in the overall top ranks measure different things: a large number of people in an industry does not by itself mean that industry accounts for the largest fortunes.

What does the list show about geography?

Nine of the 20 richest technology billionaires were from China, up from six in the prior year, according to Forbes’ technology-top-20 coverage. This statistic applies only to the 20 richest technology billionaires; it does not describe the full 2021 billionaire list. Forbes’ sector coverage provides this comparison.

Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

How should readers interpret the numbers?

Forbes’ net-worth estimates are valuations at a particular point in time, not cash holdings or guaranteed amounts someone could realize by selling assets. The list used market prices and exchange rates from March 5, 2021; share prices and currency values can change, which is why these rankings should not be read as current wealth figures.

Forbes also uses “self-made” as a classification, not a claim that a person built a billion-dollar fortune entirely alone. In its explanation of the category, Forbes says it “isn’t meant to indicate that someone created a billion-dollar fortune all on their own.” The list’s labels distinguish “self-made,” “inherited” and “inherited & growing”; the classification caveat matters when interpreting how a fortune originated. See Forbes’ explanation of its self-made category.

What’s actually slowing this PC down?

Pick the symptom - the matching free tool is one click away.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Quick Recap

Rank #4
Billionaire Who Wasn't
  • Publicaffairs
  • Language: english
  • Book - the billionaire who wasn't: how chuck feeney secretly made and gave away a fortune

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Free tools Windows power users keep installed

One-click scans. No signup required.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

More post from the Money Desk

  1. The Money DeskBlogTheFinanceBase09 OCT 267 minMortgage Escrow FAQs: Taxes, Insurance, Shortages, and Refunds
  2. The Money DeskBlogTheFinanceBase09 OCT 265 minHow Mortgage Escrow Accounts Work and What Homeowners Pay For
  3. The Money DeskBlogTheFinanceBase09 OCT 265 minHow to Read a Stock Chart, Volume and Market-Cap Data
Recommended PC Tool
Recommended PC Tool
Crashes, No Sound, or Screen Glitches?Free driver scan
PC Slower Than It Used to Be?Free scan - under a minute

Two free Windows tools

One Free Minute Could Fix That PC

Before you go - each of these free tools takes about a minute and tackles what quietly slows a Windows PC down.

Special offer. View Outbyte info, uninstall instructions, EULA, and Privacy Policy.