6 tech tycoons just made $13.4Billion in a week

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Amazon CEO Jeff Bezos holds a slide show controller and applauds at the start of the launch event for the new Amazon Fire Phone, Wednesday, June 18, 2014, in Seattle. (AP Photo/Ted S. Warren) ORG XMIT: WATW115
Amazon CEO Jeff Bezos holds a slide show controller and applauds at the start of the launch event for the new Amazon Fire Phone, Wednesday, June 18, 2014, in Seattle. (AP Photo/Ted S. Warren) ORG XMIT: WATW115

Big tech stocks are on fire. Nasdaq investors are celebrating. But the biggest wins are going to the tech tycoons leading these companies.

Jeffrey Bezos, CEO of Amazon.com (AMZN), has plenty to smile and laugh about. His stake in the electronic commerce company is up $5.8 billion this week – a remarkable boost in his wealth. The stock is up huge this week – nearly 19% – to $446 coming off the company’s quarterly profit. When you own nearly 84 million shares, according to S&P Capital IQ, that adds up fast.

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But it’s a good day for former Microsoft (MSFT) CEO Steven Ballmer. According to the company’s latest proxy statement, Ballmer owns 333.3 million shares of Microsoft. Thanks to Microsoft’s better-than-expected first quarter – the stock is up 15% in a week! That means $2 billion for the CEO. Co-founder Bill Gates doesn’t own as many shares as Ballmer – 239.4 million – since he’s been selling to raise money for charity. Even so, he’s $1.5 billion richer.

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The Google (GOOGL) guys aren’t doing too shabby, either. Shares of Google are up 8% this week – even though the company missed revenue and profit forecasts. That makes a gain on the week of $1.9 billion for co-founders Larry Page and Sergey Brin.

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But bad for a week’s worth of work.

BIG TECH GAINS AMONG TECH TITANS

Company Symbol Stock owner $ made during week $ bils.
Amazon.com AMZN Jeffrey Bezos $5.8
Microsoft MSFT Steven Ballmer $2.1 *
Google GOOGL Lawrence Page $1.8
Google GOOGL Sergey Brin $1.8
Microsoft MSFT Bill Gates $1.5
Facebook FB Mark Zuckerberg $0.4

Sources: S&P Capital IQ, USA TODAY
* – Based on shares reported as owned as of latest company proxy

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3 responses to “6 tech tycoons just made $13.4Billion in a week”

  1. Mercedes Ja Avatar
    Mercedes Ja

    That hair line stands out more than that billions and hes vampire tooth.

  2. 5thDrawer Avatar
    5thDrawer

    Problem #1 … the ‘uber-guy’ sells his shares and the market dumps all over the product anyway, whether it’s a good or bad one. Trick is, as always, to get out with the taxpayers money fast. :-)))
    Anyone remember ‘Nor-Tel’??

  3. 5thDrawer Avatar
    5thDrawer

    Big Business ….
    “a period of geopolitical creative destruction—the glue that is holding the world together no longer sticks.”
    http://www.theatlantic.com/magazine/archive/2015/05/the-disintegration-of-the-world/389534/

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