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Revealed: Tech Industry Dominates List Of Top 10 Billionaires In The World

Tunbosun Oyinloye

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7 of Top 10 Billionaires in the World are rooted in the Technology Industry

A Bloomberg analysis reveals that out of the ten richest people in the world, most are rooted in the technology industry.

According to the statistic, 7 of the top 10 billionaires are affiliated with the tech industry.

To buttress that point, the top four billionaires on the list are valued above $100 billion.

These four persons, including Jeff Bezos, Bill Gates, Mark Zuckerberg, and Elon Musk, venture into either software or automotive technology.

Source: Bloomberg

Down the list are three others who are valued between $78 billion and $86 billion.

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Larry Page, Sergey Brin, and Steve Ballmer, the 7th, 8th, and 9th richest men, are into software technology.

Beyond the top 10 list, generally, most of the world billionaires have affiliations with the tech industry.

This report is also evident in the current global GDP, which currently stands at approximately $80.93 trillion.

The service sector that houses the information and technology industry contributes a whopping 61.2% of the GDP.

Top 5 Breakdown analysis

Bloomberg analysis shows that the wealth of these billionaires is categorized based on cash, private asset, public asset, and miscellaneous (liabilities).

Bill Gates leads with over 40% ($52.9Bn) of his net worth being cash asset.

Jeff Bezos follows with only about 5% ($9.50Bn) of his net worth being cash asset.

7 of Top 10 Billionaires in the World are rooted in the Technology Industry

Source: Bloomberg

Benard Arnaut and Mark Zuckerberg also have less than 5% in cash assets as they both have access to $3.95Bn and $2.73Bn, respectively.

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However, Elon Musk, fourth on the list, doesn’t have any record whatsoever for cash assets.

Instead, Elon boasts of a more private asset than others with $18.7 Bn in total private asset value.

In terms of public assets, Jeff Bezos tops the chart with approximately $167 Bn in total.

Benard follows with approximately $104 Bn in total public assets. Mark follows immediately with approximately $102Bn, in total public assets.

Down the list, Elon and Bill both have $69.8Bn and $73.8 Bn, respectively, in total public assets.

Overall, the tech industry boasts of massive wealth and giving that most economies thrive on digitization, the potentials are just unlimited.

Oyinloye Bosun is a writer at Techuncode. Although not a gadget freak, he has a keen interest in familiarizing himself with every technology product - software or hardware. He also loves to arm himself with the knowledge of tech activities/events taking place both on the Local and International scenes. The provision of the above has pushed him to choose writing as a profession. Wondering if he has a hubby? Yes! He loves streaming tech-related podcasts in his spare time.

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