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Amazon, Google and Microsoft Billionaires Grow Wealthier

Written by on April 24, 2015

With technology stocks like Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG) (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT) setting a scorching pace on NASDAQ, the billionaire founders and owners of these companies have seen their wealth grow ever further.

Amazon has been the best performing of the three stocks and was up by more than 14% and was the most active stock by dollar volume. Amazon CEO and founder Jeff Bezos saw his wealth shoot up to $40.4 billion — growing by $4.9 billion. Amazon investors are impressed by Amazon’s latest numbers where Amazon Web Services (AWS) revenues were shown separately for the first time revealing that part of Amazon to be a $5 billion business with good profit margins.

Of course, as is usual for Amazon, it still lacks profits after all these years and still enjoys stratospheric valuations of more than $200 billion.

Microsoft founder Bill Gates who is still Chairman of the company and is the Top Dog among global billionaires added more than a billion dollars to his wealth which stands at more than $80 billion. Microsoft’s co-founder and former CEO Steve Ballmer too added a billion dollar to his wealth which stands at more than $21 billion. Meanwhile, current CEO Satya Nadella is Microsoft’s first professional CEO and is not on the billionaires list.

Microsoft came out with exciting third quarter results of $21.7 billion in revenue, a 6% rise from a year ago, though the company’s profits declined to $5 billion from $5.7 billion for the same period last year.

The notable difference between Amazon and Microsoft of course is that Microsoft is highly profitable and has a very reasonable P/E ratio of 19.86 while enjoying market capitalization of $390 billion.

Google has three billionaires including Larry Page, Sergey Brin and Eric Schmidt. Both the co-founders — Mr. Page and Mr. Brin — are worth about $30 billion each while the former CEO Eric Schmidt is worth about $9 billion. While Mr. Ballmer has invested $2 billion in a sports team — the Los Angeles Clippers. basketball’ team — Mr. Schmidt’s family vehicle, Hillspire, is instead buying 20 percent of the $36 billion hedge fund firm D.E. Shaw from the estate of the bankrupt Lehman Brothers.

Larry Elison of Oracle and Mark Zuckerberg of Facebook, with $53 billion and $36 billion respectively, give company to Mr. Gates, Mr. Bezos and the Google founders in the Top Five technology billionaires. Apple founder Steve Jobs’ widow Laurenne Powell Jobs is among the technology billionaires with a net worth of $20 billion. Apple has a market capitalization of $758 billion and P/E ratio of 17.56.