The richest Americans: Gates No. 1
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Microsoft Chairman Bill Gates must be bored of leading the pack on the Forbes list of richest Americans. Gates continues to be the richest man in America for the 11 th consecutive year.
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The Bay Area&#39;s super rich had mixed financial results over the past year with the exception of Google&#39;s top executives, whose wealth soared thanks to their company&#39;s recent initial public offering.
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Why the rich really do get richer -- and how to become one of them.
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Microsoft chairman Bill Gates retained his position as the world's richest person for the 14th consecutive year, in Forbes yesterday as it debuted its mogul rankings for 2006.
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Mexican tycoon Carlos Slim has overtaken Bill Gates to become the world's richest person, a website says.
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WASHINGTON, Dec. 20  /PRNewswire-USNewswire/ -- Only one in five Americans believe that the "next Bill Gates" will come from the United States, according to a new poll released today by Zogby International and 463 Communications.
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The world's second richest man, worth $44  billion, says he will start giving away 85% of his wealth in July, most of it to the Bill and Melinda Gates Foundation
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Technology executives dominated the top 10 of Forbes magazine's list of 400 richest Americans this year with Microsoft Co-Founder and Chairman Bill Gates retaining his place at the top of the annual list for the 14th time. According to Forbes, Gates is worth $59 billion.
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Sizzling secrets with Billy G Bill Gates has used his own column at the BBC to unlock the secrets of how you too can become an unimaginably wealthy nerd whose sperm is craved by Chinese women.â¦
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NEW YORK  - The Nasdaq may be well off its highs of the dot-com era, but tech tycoons still top the list of the wealthiest Americans.
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(InfoWorld) - Microsoft Chairman Bill Gates called on the U.S. Congress toÂ raise the cap on skilled-worker visas, saying the county's economic future was at stake. Gates, testifying before the Senate Health, Education, Labor and Pensions Committee, said he'd prefer that "unlimited" numbers of highly skilled foreign workers be allowed into the U.S., although he acknowledged that might not be politically feasible. Right now,Â the controversial H-1B program, which tech vendors and other companies use to hire foreign workers, has an annual cap of 65,000 people a year, and the cap is typically reached in the first couple of months the applications are available. "We have to welcome the great minds of this world, not drive them out of this country," Gates said, repeating his earlier calls for a higher H-1B cap. "These employees are vital to American competitiveness. We should encourage them to become permanent U.S. residents; they provide the nation economic growth, alongside America's native-born talent." Several U.S. tech companies have recently said they have hundreds of unfilled jobs because they can't find qualified workers. Gates also repeated two other themes he said are necessary for the U.S. to continue to compete in a global economy: He called on Congress to improve the U.S. education system and increase government spending on research and development. Without those three changes, the U.S. is at risk of losing its economic power and high standard of living, he said. "When I reflect on the state of American competitiveness today, my immediate feeling of pride is mixed with great anxiety," he said. "The challenges confronting America's global competitiveness and technological leadership are among the greatest we have faced on our lifetime." This generation of U.S. residents is too often living off the innovations of the past, he said. He called for "courageous" leadership to fix failing U.S. high schools, find more money for research, and welcome more immigrants. Few senators challenged Gates' position on foreign-worker visas, instead asking questions about Gates' ideas on improving education, including the Bill and Melinda Gates Foundation'sÂ funding of experimental high-school programs. U.S.-based tech worker groups such as the Institute of Electrical and Electronics Engineers-USA (IEEE-USA) have opposed a higher H-1B cap, arguing that companies use the program to hire foreign workers for less money than unemployed U.S. workers would receive. Senator Sherrod Brown, an Ohio Democrat, said he heard different stories from industries and workers during forums on the economy in his state last month. "Time and time again, local businesses told me that they just could not find the engineers or the computer scientists they needed to run their businesses," he said. "At the same time, skilled workers in my state are watching their jobs move overseas, not because foreign workers are more qualified, but because U.S. companies can get away with paying poverty wages to workers in other countries." Senator Bernie Sanders, a Vermont independent who often votes with Democrats, also questioned the effect of outsourcing. U.S. companies can hire overseas engineers at a "fraction of the cost" of U.S. engineers, he said. The free trade agreements that allow easy outsourcing benefits the U.S., Gates answered. The U.S. tech industry is able to grow by being able to sell products all over the world, he said. "The demand worldwide for highly qualified engineers is going to guarantee them all jobs wherever they are located," Gates said. "The IT industry, I guarantee you, will be in the United States as long as we can get these people to come to the United States." Senator Judd Gregg, a New Hampshire Republican, said he agreed that Congress needed to raise the H-1B cap. He asked if an annual cap of 300,000 would be appropriate. "It'd be a fantastic improvement," Gate said. "My basic view is we should welcome as many of these people as we can get."
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Detroit grabs the top, or should we say bottom, spot on Forbes' inaugural list.
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SINGAPORE -- Bill Gates, the chairman and founder of Microsoft, receives millions of e-mail messages a day, said Steve Ballmer, the company&#39;s chief executive.
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It's not news that Bill Gates is the richest person in America, according to Forbes magazine's annual list of the nation's 400 richest people, released yesterday. He has been for 13 years. Barring a second Stone Age in which computers are good only for hurling at other cavemen, Gates will always be...
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Bill Gates may not have had much of a pay rise this year but he did manage to add $2bn to his fortune to bring it up to $48bn and stay on top of the Forbes 400 list of wealthy Americans.
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Mark Zuckerberg could be the nation's richest man under 25, with a net worth estimated at $1.5 billion. He's transformed his company from second-tier social network to full-fledged platform that organizes the entire Internet.
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Bill Gates, the world's richest man, is to donate nearly 20 million dollars for research into helping rice farmers deal with global warming, the International Rice Research Institute said Monday.