The Most Powerful Men In Technology Industry - Auxiliary Tech


Thursday, October 18, 2018

The Most Powerful Men In Technology Industry

The Most Powerful Men In Technology Industry in  2018 list identifies the one person out of every 100 million whose actions mean the most. While the ranking is dominated by political leaders, it also has a fair share of corporate honchos. As to what makes these people most powerful? Forbes considered four factors: the number of people over whom they have power; the financial resources they control; the spheres they have influence in; and how actively they use that power to change the world. So, here's over to The Most Powerful Men In Technology Industry.

Jack Ma

The second-richest person in China, Alibaba founder and CEO Jack Ma broke records with the e-commerce company's $25 billion initial public offering in 2014 — the world's largest ever. Post-IPO, however, Alibaba's good fortune began to slip. The company's shares dropped throughout 2015 and were down 25% through November, most likely in part because of China's slowing economy and concerns over counterfeiters using the company's platform.
Ma, who has a net worth of more than $25.6 billion, isn't worried, though. Alibaba remains dominant in one of the world's biggest markets, and he says that the West's concern over China's economic slowdown is an "overreaction." In fact, Ma believes China is in the midst of an economic transition— one Alibaba will no doubt help facilitate — and will come out stronger.

Sergey Brin

Along with fellow cofounder Larry Page, Sergey Brin helped orchestrate Google's massive restructuring, announced in August. The move made Google a subsidiary of a new holding company called Alphabet, run by Brin as president and Page as CEO. All of Google's other ventures, such as Nest and Google X, are now separate companies under the Alphabet umbrella as well. The tech conglomerate generated $66 billion in sales in 2014.
The restructuring frees the founding duo from the nitty-gritty details of running the massive company, instead allowing them to focus on exploring inventive new "moon shot" projects and ideas. With top talent and an abundance of resources at their disposal, the company has already made automated homes and self-driving cars a reality.
Brin, who emigrated from Moscow to the US as a child, connected with Page in 1995 at Stanford, where they were each pursuing a PhD. They founded Google three years later, and today Brin and Page have personal fortunes of $38 billion and $42 billion, respectively.

Mark Zuckerberg

The leader of the world's largest social network had a prosperous year. In May, Facebook-owned virtual-reality company Oculus VR made a buzzworthy announcement: It will finally sell its first consumer headset, Oculus Rift, starting early next year. A few months later, Facebook announced for the first time that its site had a billion users in a single day and 8 billion daily video views, double the number it reported in April. The company's stock is up about 40% through November 2015, and as a result Mark Zuckerberg's net worth has soared to $47.6 billion.
The Facebook founder also continues to invest hundreds of millions of his personal wealth in education, mainly through Startup:Education, a nonprofit he and his wife, Priscilla, founded in 2010 to improve schools in the Bay Area, and AltSchool, a company that promotes personalized education. He also gave $100 million to Newark, New Jersey's public schools, with disappointing results. After revealing in a July Facebook post that the couple is expecting their first child, they've announced plans to open a K-12 school in Palo Alto by next year that provides education and healthcare to low-income families.

Larry Page

Larry Page made some major moves this year, starting with a massive overhaul of Google's business structure in August. He announced via press release that Google would become a subsidiary of new holding company Alphabet, which would oversee all of Google's ventures, such as Nest, Calico, and Google X, as standalone entities.
Previously the chief executive of Google, Page moved up to helm Alphabet as CEO, leaving company veteran Sundar Pichai in his spot. The change became official in October, and Page even dropped Google's famous "don't be evil" slogan from the new company.
Page cofounded Google with Sergey Brin, who will help run Alphabet as president, in 1998, and they've earned fortunes of $42 billion and $38 billion today, respectively. The pair grew the company from a PhD project at Stanford into one of the biggest and farthest-reaching tech companies in the world. In addition to its ubiquitous search engine, the company has its hands in everything from home automation and self-driving cars to prolonging human life.

Bill Gates

Gates cofounded Microsoft in 1975 with childhood friend Paul Allen, building an iconic software company and becoming the richest man on Earth in the process, with a net worth of $87.3 billion. Though he still sits on the company's board, he's no longer actively involved in Microsoft.
Instead, Gates is fixated on giving away his wealth and running one of the most powerful charities in the world with his wife, Melinda. They founded the Bill and Melinda Gates Foundation in 2000 after reading an article about curable diseases causing millions of child deaths in developing countries.
Since then, the organization has given away $34.5 billion to an array of causes, including efforts to eliminate HIV, malaria and many other infectious diseases. They also support agricultural development, emergency relief, global libraries, urban poverty, and education.

Jeff Bezos is an undeniable superpower in e-commerce. The company, which generates $89 billion in sales but has often failed to turn a net profit, surprised investors in July by reporting quarterly earnings of $92 million, handily beating analyst expectations. Amazon stock shot up, making founder and CEO Jeff Bezos worth an estimated $55 billion. Despite negative media reports in August claiming that Amazon's warehouses are high-pressure, toxic work environments — claims Bezos disputed— the company has continued to thrive.
This year, Bezos led the growth of Amazon Web Services, the company's cloud-computing branch, announced a plan for high-speed package delivery via drones, and opened Amazon's first brick-and-mortar bookstore in Seattle.
Bezos' privately owned space company Blue Origin successfully launched its first spacecraft this year and has plans to test rocket engines and launch manned rockets within the next decade.

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