According to the annual Forbes Magazine list of the richest Americans released and in Top 5 Americans two new entrants tied for the 5th position: Larry Page and Sergey Brin, the founders of Google. Worth an estimated $18.5 each, to reach the top of richest Americans ladder, they will have to maintain the same pace, energy and vision toward business because Mr. Gates is nearly 3 times richer than both of them.
Top 5 Richest Americans:
1 - Bill Gates, $59 billion
2 - Warren Buffett, $52 billion
3 - Sheldon Adelson, $28 billion
4 - Larry Ellison, $26 billion
5 - Sergey Brin & Larry Page, $18.5 billion each
Another interesting news: few days back google announced its quarterly financial report & has hit a new all-time high and surpassed the $200 billion mark in terms of market value. For some perspective, that is more than News Corp, Disney, Viacom, and CBS are worth … combined. The number makes Google the second largest technology company in the world, trailing only Microsoft.
On the flip side, competitors like Yahoo, with a market value of only around $40 billion, can’t be nearly as aggressive in buying other companies. It’s a huge advantage for Google, and I expect them to continue to exploit so long as their shares remain red hot.
It’s a company following attacker’s strategy by acquiring all possible business in IT and best of its technology is perfect integration of every thing with other like gmail, orkut, g-talk, picasa & web picasa, spreadsheet, google analytics & blog…
This small fish which born in 1998 going to become a whale and will eat all small & big water (IT) players soon.
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