Earlier this week, Steve Jobs saw his company land at the top of Fortune Magazine's list of Most Admired Companies. On Thursday, the Apple CEO found himself on a list published by another financial magazine, as Forbes released its annual list of the world's richest people..
Forbes placed Jobs at No. 189 on its list of the world's billionaires, placing him behind fellow tech luminaries such as Bill Gates, Larry Ellison, Paul Allen, and Google founders Sergey Brin and Larry Page. But don't feel too bad for Jobs – Forbes estimates his net worth at US$5.4 billion.
Elsewhere on the list, Gates, Microsoft's chairman, fell to third place on the Forbes' list, after 13 years in the top spot. The magazine, which puts out annual lists of the world's richest people, blamed Gates' decline to the slide in Microsoft shares from the day before the company announced a $44.6 billion offer to buy Yahoo, to the day Forbes calculated stock prices into its rich list valuations, Feb. 11.
Had Microsoft shares not declined so much, Gates would have been in a close race with investing mogul Warren Buffett for the top spot on the list, Forbes said.
Buffett took over as the world's richest man this year with an estimated $62 billion fortune, while Mexican communications industry leader Carlos Slim Helu came in second with $60 billion, Forbes said. Gates' fortune was valued at $58 billion.
Microsoft helped put Mark Zuckerberg, the youngest ever billionaire on Forbes' list. The founder of popular social networking Web site Facebook is worth $1.5 billion, according to the magazine, based on a calculation involving Microsoft's $240 million investment last year for a 1.6 percent stake in Facebook. Zuckerberg ranked 785th overall on the Forbes list.
Other American technology industry leaders toppled down the rich list. Ellison, CEO and founder of Oracle, fell to 14th place on the Forbes list, from 11th last year, while Microsoft co-founder Paul Allen tumbled to 41st place from 19th place last year.
Brin and Page of Google retained their titles as the richest young people on the Forbes list, coming in at $18.7 billion and $18.6 billion, respectively. They ranked 32nd and 33rd overall.