WEBVTT - The Richest People in Tech 0:00:04.000 --> 0:00:07.000 Get in touch with technology with tech stuff from how 0:00:07.040 --> 0:00:17.280 stuff works dot com. Either everyone, I'm Jonathan Strickland and 0:00:17.320 --> 0:00:19.320 I'm Lauren foc Obama, and I'm here to talk about 0:00:19.400 --> 0:00:24.240 pennies nil times cool and it's dollar hundred dollar bills. 0:00:24.720 --> 0:00:27.360 I am here to really hope that that never happens again. 0:00:27.840 --> 0:00:30.720 That's hey, if any of you know what songs that 0:00:30.920 --> 0:00:34.640 comes from, let me know, because it's fairly obscure and 0:00:34.680 --> 0:00:37.319 I'd be really impressed. But today we wanted to talk 0:00:37.360 --> 0:00:40.959 about some some folks who have made a pretty penny 0:00:41.080 --> 0:00:44.280 or a billion or so uh in in the fields 0:00:44.320 --> 0:00:47.960 of technology or yeah, yeah, more than a billion pennies, 0:00:48.000 --> 0:00:51.360 that's true, a bunch at least at least several billion dollars. 0:00:51.360 --> 0:00:54.440 We took. Yes, this, we're taking a list from the 0:00:54.480 --> 0:00:59.200 top tech Billionaires off of Forbes list, which they published 0:00:59.240 --> 0:01:01.800 pretty much on a yearly basis, so this is probably 0:01:01.880 --> 0:01:05.480 tween list of tech billionaires. We kind of wanted to 0:01:05.480 --> 0:01:08.800 talk about who these people are and what they've done 0:01:08.880 --> 0:01:10.880 to kind of get to where they're going, and maybe 0:01:10.880 --> 0:01:13.880 some little trivia facts about yeah, a little bit of 0:01:13.880 --> 0:01:15.840 a profile, just to see, you know, because these these 0:01:15.840 --> 0:01:18.399 are the people that are running all of the businesses 0:01:18.480 --> 0:01:20.640 that are creating all of the cool stuff that we 0:01:20.680 --> 0:01:23.760 talk about basically, And so there's some of them are 0:01:23.760 --> 0:01:27.080 who are working for the same company. There's three from 0:01:27.120 --> 0:01:31.440 one company in fact that rhymes with Schmoogle spoiler alert. Um. 0:01:31.480 --> 0:01:34.040 But uh, we're going to talk about the folks that 0:01:34.080 --> 0:01:36.039 are on this list, and uh, and keep in mind, 0:01:36.080 --> 0:01:37.880 you know, this is this is like the people who 0:01:37.920 --> 0:01:40.760 have the most money. It does not necessarily mean they're 0:01:40.760 --> 0:01:43.200 the most influential because at least a couple of them 0:01:43.520 --> 0:01:47.880 are for the most part retired, right, right. And and 0:01:47.920 --> 0:01:49.960 also it doesn't necessarily mean that they have you know, 0:01:50.080 --> 0:01:53.160 like that kind of Scrooge McDuck giant swimming pool of 0:01:53.200 --> 0:01:56.120 gold coins. It's mostly wrapped up in stock options, so 0:01:56.160 --> 0:01:58.960 you know, right, but nonetheless, right, they may not have 0:01:59.000 --> 0:02:01.600 a lot of liquid at assets compared to what they 0:02:01.640 --> 0:02:06.240 have in investments, but hey, you know, I'm sure that 0:02:06.240 --> 0:02:09.800 I'm sure they're not They're not hurting, probably not making 0:02:10.240 --> 0:02:12.880 They could probably afford a nice ice cream cone on 0:02:12.880 --> 0:02:15.840 a warm summer's day. So let's let's talk about some 0:02:15.880 --> 0:02:20.320 of them. So, coming in at number fifteen is James Goodnight, 0:02:20.560 --> 0:02:24.679 who has probably the most awesome name. He's I think 0:02:24.720 --> 0:02:26.560 I think he's a PhD. So it's doctor good Night, 0:02:27.080 --> 0:02:30.920 Doctor Goodnight. That is amazing. I did not think about 0:02:30.919 --> 0:02:34.440 that until you said it. Dr Goodnight is awesome. Well, uh, 0:02:34.800 --> 0:02:38.760 doctor Goodnight is worth, according to Forbes, about seven point 0:02:38.960 --> 0:02:42.079 seven billion dollars. And and and this this is the I mean, 0:02:42.080 --> 0:02:44.600 this is the bottom of our list. So yeah, we're going. 0:02:44.680 --> 0:02:47.440 We're going from number fifteen down to number one. It's 0:02:47.440 --> 0:02:49.560 a countdown. You can actually all play along at home 0:02:49.600 --> 0:02:52.040 if you like and place bets on who you think 0:02:52.160 --> 0:02:54.760 is in the top five. Well, we'll try not to 0:02:54.760 --> 0:02:57.520 give any spoilers. No, but we already said that three 0:02:57.560 --> 0:02:59.919 of them are from the same company. So as as 0:03:00.080 --> 0:03:02.520 we get down, you're gonna be thinking, huh, alright, which 0:03:02.560 --> 0:03:03.959 I can think of a couple of names that haven't 0:03:04.000 --> 0:03:06.960 been mentioned yet. All right, Well, what good Night did 0:03:07.040 --> 0:03:10.240 was he co founded a company called S a S 0:03:10.320 --> 0:03:13.120 with John Saul's back in nineteen seventy six. And this 0:03:13.200 --> 0:03:17.280 is a business analytics software company. Yeah, and originally it 0:03:17.440 --> 0:03:20.400 was part of a research project. You see. Uh, James 0:03:20.400 --> 0:03:23.239 good Night grew up in North Carolina, so he's a 0:03:23.280 --> 0:03:25.919 neighbor of mine as far as I'm concerned. I'm born 0:03:26.160 --> 0:03:29.520 in Georgia, so I consider folks from North Carolina my neighbors. 0:03:30.000 --> 0:03:32.520 And he began to work with computers back when he 0:03:32.600 --> 0:03:35.960 was a sophomore at North Carolina State University. So he 0:03:36.040 --> 0:03:39.880 graduated with eventually with a pH d in statistics. All right, 0:03:40.080 --> 0:03:42.160 he's he's seventy right now. If that gives you an 0:03:42.200 --> 0:03:45.240 idea of what kind of era he was working in computers. 0:03:45.680 --> 0:03:48.680 When he was working in computers, it was before computers 0:03:48.680 --> 0:03:52.040 were really I think people worked on. Yeah, there certainly 0:03:52.080 --> 0:03:54.080 were no personal computers at the time where he was 0:03:54.120 --> 0:03:57.320 getting into them, he didn't find He and John Stiles 0:03:57.360 --> 0:04:00.400 founded the company in nineteen seventy six, that's us when 0:04:00.440 --> 0:04:05.400 personal computers were barely getting their start. So he uh, 0:04:05.440 --> 0:04:08.760 he had helped design some equipment for ground stations to 0:04:08.800 --> 0:04:13.160 communicate with the Apollo missions, which is awesome, pretty amazing. Yeah. 0:04:13.240 --> 0:04:16.840 So he then joined the faculty of North Carolina State 0:04:16.960 --> 0:04:19.240 and while he was a faculty member there, he began 0:04:19.279 --> 0:04:22.440 to work on this project, which was called a Statistical 0:04:22.520 --> 0:04:26.640 analysis system or s A S. I was for agricultural 0:04:26.680 --> 0:04:30.560 research actually to crunch some of that data exactly statistically 0:04:30.600 --> 0:04:34.799 analyzing the information coming back from an agricultural project. And 0:04:35.040 --> 0:04:37.800 he realized that there was a broader application for this 0:04:37.880 --> 0:04:41.680 kind of statistical model for lots of different industries. And 0:04:41.720 --> 0:04:44.520 so that's when he and Saul's got together and UH 0:04:44.640 --> 0:04:48.039 and founded s A S and UH. He led the 0:04:48.040 --> 0:04:51.000 company to grow every single year. And he's been the 0:04:51.000 --> 0:04:54.000 CEO for essentially thirty five years now, and every year 0:04:54.000 --> 0:04:57.880 he's been CEO, the company has grown. And perhaps the 0:04:57.880 --> 0:05:00.840 most remarkable thing, I think, according to to what I read, 0:05:01.440 --> 0:05:04.520 the company has never laid off a single employee. Yeah, 0:05:04.520 --> 0:05:07.440 they're they're supposedly completely excellent to work for. I think 0:05:07.480 --> 0:05:11.400 there are number two behind all companies aside from Google. 0:05:11.880 --> 0:05:16.320 Uh in like employee satisfaction. It's it's pretty amazing. Now, 0:05:16.360 --> 0:05:18.760 that doesn't mean that someone hasn't been fired from that company, 0:05:18.800 --> 0:05:20.680 but no one has been No one's job has been 0:05:20.680 --> 0:05:24.240 eliminated due to like cutbacks or something, which you know, 0:05:24.279 --> 0:05:27.719 when you're when you're talking thirty five years, that's amazing 0:05:28.480 --> 0:05:30.719 and UH And there have been books written about his 0:05:31.240 --> 0:05:34.960 management style. He's he's often shown as sort of a 0:05:34.960 --> 0:05:38.480 an example to folks about how to manage a company. 0:05:38.520 --> 0:05:42.200 I had heard that he kind of developed his philosophy 0:05:42.279 --> 0:05:46.280 while he was working on these ground systems for NASA 0:05:46.360 --> 0:05:49.680 because those projects had a lot of turnover, and as 0:05:49.720 --> 0:05:52.479 a result, he was like, this is not the best 0:05:52.480 --> 0:05:55.200 way to get anything done. It's just because you have to. 0:05:55.279 --> 0:05:57.000 You have to ramp people up as they come into 0:05:57.080 --> 0:06:00.560 replace people. You're set back when someone leaves share. So 0:06:00.720 --> 0:06:03.440 I spend a lot of time just revving and spinning wheels. Yeah, 0:06:03.440 --> 0:06:05.039 but yeah, it's you know, it's one of those companies 0:06:05.080 --> 0:06:08.640 that Adam has all kinds of services on its campuses 0:06:08.839 --> 0:06:13.600 and and lots of educational support and snacks in the 0:06:13.600 --> 0:06:16.200 break room, you know. And uh, from a from a 0:06:16.240 --> 0:06:19.120 personal standpoint, he met his wife and while he was 0:06:19.160 --> 0:06:22.120 a senior at at North Carolina State and she was 0:06:22.160 --> 0:06:26.280 attending Meredith College. And they have three kids. So you 0:06:26.360 --> 0:06:28.479 gotta think, you know, a kid of a billionaire. Now, 0:06:28.520 --> 0:06:30.320 a lot of these billionaires were gonna be talking about. 0:06:30.320 --> 0:06:32.279 Another interesting thing I found out about a lot of 0:06:32.320 --> 0:06:36.120 them is that many of them are philanthropists. Some of 0:06:36.160 --> 0:06:39.600 them are philanthropists to such an extreme as to it, 0:06:39.800 --> 0:06:43.360 you know, they plan on giving away a large amount 0:06:43.360 --> 0:06:47.279 of their wealth before they pass on, and uh, and 0:06:47.400 --> 0:06:49.800 I know that there. There's actually a fairly common thing 0:06:49.800 --> 0:06:51.800 I've heard among a lot of these people who have 0:06:51.960 --> 0:06:54.720 said they want to make sure that their their kids 0:06:54.839 --> 0:06:58.200 understand the value of hard work and the responsibility and 0:06:58.240 --> 0:07:02.719 not just coast along on the accomplishments of the parents. 0:07:02.760 --> 0:07:04.599 All right, Yeah, Since so many of these people, you know, 0:07:04.640 --> 0:07:06.680 worked themselves with the ground up, they kind of go 0:07:07.240 --> 0:07:09.479 that that was a good life lesson. Yeah. Yeah, a 0:07:09.520 --> 0:07:13.000 few of them had somewhat privileged upbringings, but a lot 0:07:13.040 --> 0:07:16.000 of them actually came from from pretty humble beginnings and 0:07:16.040 --> 0:07:19.320 had worked their way up to uh, you know, not 0:07:19.440 --> 0:07:22.240 just not just the top of their their company, but 0:07:22.360 --> 0:07:26.960 the top of the financial industry. So let's move on 0:07:27.000 --> 0:07:31.560 to number fourteen. This is our first Schmoogle person, as 0:07:31.600 --> 0:07:35.720 I recall, that's uh Eric Schmidt. Yes, yes, he was 0:07:35.800 --> 0:07:39.920 worth a reported eight point two billion in net yep 0:07:40.000 --> 0:07:43.000 and he was he used to be the CEO for Google. 0:07:43.080 --> 0:07:45.360 He was the CEO for Google for several years. He's 0:07:45.400 --> 0:07:49.120 currently the executive chairman and uh international ambassador. I think 0:07:49.120 --> 0:07:53.360 that's a honorary title. He actually, well not just honorary, 0:07:53.360 --> 0:07:55.720 because he went to North Korea. Yeah, he just went 0:07:55.760 --> 0:07:59.920 with that with his daughter and um Bill Richardson to 0:08:00.160 --> 0:08:03.280 to the leaders of North Korea about opening up internet channels. Yeah, 0:08:03.400 --> 0:08:07.320 and apparently, uh, some of those talks actually started to 0:08:08.200 --> 0:08:12.480 see some some results. Apparently, Uh, North Korea began to 0:08:12.720 --> 0:08:17.480 allow foreign visitors more access to things like WiFi, and 0:08:17.880 --> 0:08:20.360 some folks are saying it's a direct result of Eric 0:08:20.360 --> 0:08:24.800 Schmidt's visible Uh that being said, as we're recording this podcast, 0:08:25.160 --> 0:08:29.520 there is a kerfuffle in the North Korea area, and 0:08:29.640 --> 0:08:33.840 so I would imagine some of those issues are becoming 0:08:33.840 --> 0:08:37.959 a bit more complicated at the moment, as as they 0:08:38.000 --> 0:08:42.120 tend to do when nuclear warheads are involved. But he's 0:08:42.320 --> 0:08:44.920 you know, I always heard of Eric Schmidt as the 0:08:44.920 --> 0:08:47.120 CEO of Google and being like a kind of this 0:08:47.360 --> 0:08:51.440 shrewd businessman. I did not realize because I mean I 0:08:51.480 --> 0:08:53.480 just never had looked into his background very much. I 0:08:53.520 --> 0:08:56.760 didn't realize that he has a background not just in business, 0:08:57.040 --> 0:09:00.240 but in actual programming. Yeah, he got his engineering degree 0:09:00.320 --> 0:09:02.679 than a PhD in computer science. I think he didn't. 0:09:02.679 --> 0:09:04.920 He was brought on to Google back in two thousand 0:09:05.000 --> 0:09:07.480 one as the chief executive to bring a little bit 0:09:07.480 --> 0:09:09.679 more business experience into the next right. He had been 0:09:09.679 --> 0:09:13.240 the CEO of Novelle before that, and but he he 0:09:13.280 --> 0:09:17.400 had actually co authored the lex analysis software program for 0:09:17.559 --> 0:09:21.280 Unix and uh, and so yeah, he's he's also he's 0:09:21.280 --> 0:09:25.360 our second PhD. Um and uh he got that University 0:09:25.400 --> 0:09:29.200 of California while he was actually working on another project there. 0:09:29.280 --> 0:09:31.040 So he's working on a project at the University of 0:09:31.080 --> 0:09:33.720 California and pursues a PhD at the same time. Of course, 0:09:34.640 --> 0:09:38.960 he was at one point the technology advisor to President Obama. Uh. 0:09:39.080 --> 0:09:41.440 He was also at one point on the board of 0:09:41.480 --> 0:09:46.480 directors for Apple. He did resign from that position after 0:09:46.679 --> 0:09:49.880 it was sort of like there was some tensions between 0:09:49.920 --> 0:09:53.719 Google and Apple, mainly stemming from iOS versus Android. In fact, 0:09:53.760 --> 0:09:55.719 I don't think it was called iOS at the time. Yeah, 0:09:55.720 --> 0:09:58.520 because because he joined up. But in two thousand six, um, 0:09:58.559 --> 0:10:00.640 and and then when when everything is kind of golden 0:10:00.640 --> 0:10:02.600 and people were going like our Google and Apple going 0:10:02.640 --> 0:10:05.000 to make beautiful babies together, and then they were like, no, 0:10:05.080 --> 0:10:08.200 they're not that they both had they both had babies, 0:10:08.679 --> 0:10:12.080 and they both thought their baby was the most beauty baby. 0:10:12.160 --> 0:10:15.720 And then they tried to fight them. Pokemon right, Yeah, 0:10:16.040 --> 0:10:19.679 you just gave me a great business idea that I'm 0:10:19.679 --> 0:10:22.800 going to pursue after this podcast. Bat Hey, hey, hey, hey, hey, 0:10:22.840 --> 0:10:27.280 don't get away Vocabama. Uh yeah. So he he was 0:10:27.360 --> 0:10:29.280 on the board of directors for Apple for a while. 0:10:29.640 --> 0:10:33.040 He stepped down. There were there was some mounting tensions 0:10:33.040 --> 0:10:35.319 between the two companies, and it was pretty clear that 0:10:35.800 --> 0:10:40.439 it was going to be difficult to maintain a advisory 0:10:40.520 --> 0:10:43.440 position at one company when York, the company you are 0:10:43.480 --> 0:10:47.040 the CEO of, is seen as an increasingly as a competitor. 0:10:47.480 --> 0:10:49.320 So it was considered a conflict of interest, and he 0:10:49.360 --> 0:10:53.880 stepped down. He married a woman by the name of 0:10:53.920 --> 0:10:57.040 Windy Boyle and had two children with her, but they 0:10:57.200 --> 0:11:00.840 separated in two thousand eleven, and now he's dating a 0:11:00.880 --> 0:11:04.720 concert pianist. I think one really interesting thing about a 0:11:04.760 --> 0:11:08.679 bunch of these big, big names is that technically their 0:11:08.720 --> 0:11:12.080 salaries are are practically nothing. In in Eric Schmidt's case, 0:11:12.280 --> 0:11:14.680 as of two thousand eight, anyway, his salary was technically 0:11:14.720 --> 0:11:17.440 one dollar per year. And you know, all of his 0:11:17.520 --> 0:11:20.200 fortune is is wrapped up in all of these stock options. Yeah, 0:11:20.240 --> 0:11:23.760 you usually end up getting the majority of your compensation 0:11:23.840 --> 0:11:26.200 ends up coming in the form of of stocks and 0:11:26.280 --> 0:11:30.640 other investments. Uh, which which which is fair? When you 0:11:30.679 --> 0:11:33.760 know it's you go from a stock value of eighty 0:11:33.760 --> 0:11:36.680 five dollars to over six hundred and three years, it 0:11:36.760 --> 0:11:38.920 does suggest that that that you might have made one 0:11:39.000 --> 0:11:42.280 or two good calls right in your time, especially when 0:11:42.280 --> 0:11:45.040 when you're the one who who created the launch of 0:11:45.080 --> 0:11:47.480 those stock options. That, yeah, that speaks well for you. 0:11:48.000 --> 0:11:50.840 I'm almost certain that taxes have something to do with 0:11:50.880 --> 0:11:55.119 that one dollar salary, but since I'm nowhere near a billionaire, 0:11:55.200 --> 0:11:58.440 I don't know for sure. Uh. Let's move down to 0:11:58.520 --> 0:12:02.000 the next person, number thirteen. Now here's the first person 0:12:02.200 --> 0:12:05.920 whose name I'm going to butcher. It's Pierre Amadyar, who 0:12:06.040 --> 0:12:09.600 is worth eight point seven billion dollars. He's better known 0:12:09.720 --> 0:12:13.560 as the founder of eBay. And of course, eBay is 0:12:13.600 --> 0:12:17.640 that auction site that did really really well. I mean 0:12:17.640 --> 0:12:21.600 it was it exploded on the internet when it shortly 0:12:21.640 --> 0:12:25.000 after debut. I think it debuted in in like ninety five, 0:12:25.080 --> 0:12:29.320 it was pretty early. Yeah, eBay launched in and it 0:12:29.400 --> 0:12:32.240 did it. Of course, was one of those companies that 0:12:32.360 --> 0:12:34.520 gave a lot of other people the idea that the 0:12:34.559 --> 0:12:37.280 Internet was a place to make your fortune. And uh, 0:12:37.320 --> 0:12:39.640 and I mean, how could you deny it? I mean, obviously, 0:12:39.679 --> 0:12:43.000 this this one idea was doing incredibly well, and it 0:12:43.120 --> 0:12:48.640 made Pierre Almadyar a billionaire overnight when over afternoon, over 0:12:48.679 --> 0:12:51.240 afternoon afternoon in fact, yeah, in the middle of the day. 0:12:51.320 --> 0:12:54.320 He became a billionaire when they held the initial public 0:12:54.320 --> 0:12:58.120 offering for eBay. Yeah, so three years after he launches, 0:12:58.160 --> 0:13:01.400 he becomes a billionaire because is of the you know, 0:13:01.400 --> 0:13:04.880 the interest in this company. So again that's before the 0:13:05.280 --> 0:13:10.360 dot com bubble bursts. So I eBay had a lot 0:13:10.440 --> 0:13:14.000 of the right parts in place to survive the dot 0:13:14.000 --> 0:13:16.800 com bubble. But it also I think helped create the 0:13:16.840 --> 0:13:19.440 dot com bubble in a way because all these other 0:13:19.440 --> 0:13:23.840 people said that was possible. Why can't my idea. There's 0:13:23.840 --> 0:13:26.160 a lot of bandwagoning that happened, and and at a 0:13:26.200 --> 0:13:30.400 certain point, you know, yeah, you can't support hence bubble. Yeah. Yeah. 0:13:30.520 --> 0:13:34.280 Now he was born in France, uh, and he now 0:13:34.360 --> 0:13:38.960 makes his home in America. He is his parents were Iranian, 0:13:39.400 --> 0:13:42.559 still are I megin He's only forty five years old. 0:13:42.679 --> 0:13:45.200 Forty five years old, and he's given away a lot 0:13:45.320 --> 0:13:48.359 of his wealth already. He is known as a philanthropist, 0:13:48.679 --> 0:13:51.280 and he's one of the people who signed something called 0:13:51.280 --> 0:13:55.079 the Giving Pledge. The Giving Pledge was something proposed by 0:13:55.080 --> 0:13:57.640 the number one entry on our lists. That's something for 0:13:57.679 --> 0:13:59.439 you to listen for when we get there. It was 0:13:59.520 --> 0:14:03.520 co pledged by um CO, co created by Warren Buffett. Right, 0:14:03.640 --> 0:14:06.920 Warren Buffett was one of the creators of the Giving Pledge. 0:14:06.960 --> 0:14:08.760 The other one is the number one on our list. 0:14:08.760 --> 0:14:10.559 Warren Mefett is not the number one in tech and no, 0:14:10.679 --> 0:14:13.839 Warren Buffett does not does not. He does not appear 0:14:13.840 --> 0:14:15.400 on this list as he is not one of the 0:14:15.520 --> 0:14:20.680 tech guys. But he also created a philanthropic investment firm 0:14:20.800 --> 0:14:23.800 called the Amadyar Network. And this is also not unusual. 0:14:23.840 --> 0:14:28.040 There's several people on this list who have created uh 0:14:28.400 --> 0:14:32.160 foundations that are actually investment firms because what they do 0:14:32.280 --> 0:14:35.120 is they were given a certain amount of grant money 0:14:35.160 --> 0:14:37.960 to start and then they invest that money and then 0:14:38.360 --> 0:14:43.240 from the returns on those investments, they fund various charitable efforts. 0:14:43.360 --> 0:14:47.000 Uh So. He graduated with a degree in computer science 0:14:47.080 --> 0:14:51.240 from Tufts University and for a while before he founded eBay, 0:14:51.280 --> 0:14:54.360 he worked for a subsidiary of a little company called 0:14:54.400 --> 0:14:59.000 Apple Computer the subsidiaries called Clariss and that's when he 0:14:59.160 --> 0:15:02.760 then went on to co found a company called Ink Development, 0:15:02.760 --> 0:15:06.000 which was originally pin based computers, So any sort of 0:15:06.040 --> 0:15:08.320 computer that would have a pen based operating the stuff 0:15:08.360 --> 0:15:10.840 that you would use, that's what he originally went into. 0:15:11.280 --> 0:15:14.280 Eventually became a shop which was an e commerce site, 0:15:14.320 --> 0:15:16.480 and then from that he got the idea for eBay. 0:15:16.800 --> 0:15:19.120 H I think was auction web. The first thing that 0:15:19.200 --> 0:15:24.240 he technically sold was a broken laser pointer. Yeah, fantastic. 0:15:25.080 --> 0:15:26.600 That just makes me think of the weird al song 0:15:26.640 --> 0:15:29.680 about I bought it on eBay. Uh and Uh and 0:15:29.760 --> 0:15:34.160 Almady are married Pamela care Almadyar who supposedly had a 0:15:34.240 --> 0:15:37.080 huge Pezz Dispenser collection, and that that is this is 0:15:37.120 --> 0:15:39.800 part of why he decided to found eBay because of 0:15:40.280 --> 0:15:44.080 his wife's Peest Dispenser Wow collection. I did not know that. 0:15:44.440 --> 0:15:46.840 It's always amazing to me to hear the the what 0:15:46.880 --> 0:15:51.280 was the gene? All right? Number twelve? Oh, here we 0:15:51.320 --> 0:15:56.440 go with a German uh Entry Hasso Plotner, who was 0:15:56.480 --> 0:15:59.680 worth eight point nine billion dollars a going to Forbes, 0:15:59.840 --> 0:16:02.320 and he is the co founder of German software company 0:16:02.440 --> 0:16:05.160 s A. P, s A P, A G and U. 0:16:05.440 --> 0:16:09.080 S A P stands for system analysis and program development 0:16:09.880 --> 0:16:14.280 or if I'm going to butcher my German system and 0:16:14.920 --> 0:16:20.560 system analyze on programmed vic lunk, that's I thought, Thrish. 0:16:20.800 --> 0:16:23.000 The only thing that I can pronounce in German is 0:16:23.040 --> 0:16:27.120 my own last name, So that's that's fair. I got 0:16:27.240 --> 0:16:30.880 my German is terrible. Uh. He he founded this company 0:16:31.000 --> 0:16:35.720 along with four other former IBM colleagues. So he used 0:16:35.720 --> 0:16:37.960 to work for IBM along with these other four gentlemen 0:16:38.640 --> 0:16:41.400 and um and they they founded this and it was 0:16:41.520 --> 0:16:43.960 a company that made enterprise software. Now that means that 0:16:44.000 --> 0:16:48.640 they made software for other companies. It wasn't software for 0:16:48.680 --> 0:16:50.280 you know, you to bring home and install in your 0:16:50.320 --> 0:16:53.320 personal computer. This is something that large companies would use. 0:16:53.640 --> 0:16:57.080 And in the case of of S A P, it 0:16:57.240 --> 0:17:02.359 was software that's designed to manage business operations and customer relations. 0:17:02.440 --> 0:17:05.560 So you know, this is not something that would appeal 0:17:05.680 --> 0:17:08.520 to small businesses. That was meant for big, big, big, 0:17:08.520 --> 0:17:10.639 big big here. Yeah, there's a lot of database kind 0:17:10.680 --> 0:17:13.320 of crunching going on in the process, but that means, 0:17:13.520 --> 0:17:16.760 you know, big companies mean big customers. So it's it's 0:17:16.760 --> 0:17:19.360 one of those things that a lot of other companies 0:17:19.400 --> 0:17:21.360 have looked into. You know, some of the names we're 0:17:21.359 --> 0:17:24.520 gonna be talking about will be familiar to you, but 0:17:24.640 --> 0:17:28.159 maybe not as a customer, like a direct customer, but 0:17:28.280 --> 0:17:31.159 rather that you know of, you know the name, and 0:17:31.160 --> 0:17:32.880 maybe if you work for a big company and work 0:17:32.920 --> 0:17:34.960 with those those products, you know the name of, you 0:17:34.960 --> 0:17:38.560 know some of the software. But you know, yes, yeah, 0:17:38.600 --> 0:17:40.399 against on your computer at home, you're not going to 0:17:40.480 --> 0:17:42.840 have this kind of stuff installed. But um yeah yeah 0:17:42.840 --> 0:17:46.960 he he um co founded this back in two He's 0:17:47.000 --> 0:17:49.800 he's sixty nine as of right now. Yep, and uh 0:17:50.040 --> 0:17:55.000 he uh he. He has an interest in lots of 0:17:55.000 --> 0:17:59.199 different things, including yachting and UH. And his interest in yachting, 0:17:59.359 --> 0:18:02.840 he has seen himself compete head to head against another 0:18:02.880 --> 0:18:05.480 person who will appear on our list further down. I'll 0:18:05.480 --> 0:18:08.320 go ahead and spoil it because it's too funny and 0:18:08.359 --> 0:18:10.080 I will never remember by the time we get down 0:18:10.160 --> 0:18:15.520 to this. Fellow Larry Ellison, CEO of Oracle, So Larry 0:18:15.560 --> 0:18:22.280 Elson very well known for his yachting uh interests and 0:18:22.440 --> 0:18:25.800 UH and how so Platinum have had so they've both 0:18:25.840 --> 0:18:30.119 participated in yachting events where their individual yachts went directly 0:18:30.160 --> 0:18:32.800 head to head against each other, and apparently there have 0:18:32.880 --> 0:18:38.600 been words exchanged battle yachts, some in German battle battle 0:18:38.680 --> 0:18:43.120 yachts driven by babies. All right, we're getting a little 0:18:43.119 --> 0:18:46.159 too far. That's that's maybe like after season four or 0:18:46.160 --> 0:18:48.000 five and things are starting to peter off, we have 0:18:48.040 --> 0:18:51.439 to introduce a new twist. But yeah, I thought that 0:18:51.480 --> 0:18:54.400 was kind of interesting that these guys and I got 0:18:54.400 --> 0:18:57.440 really snarky in my notes, didn't. I said, it shows 0:18:57.480 --> 0:18:59.479 that the CEO still know how to have fun, just 0:18:59.520 --> 0:19:02.440 like the rest of us common folk. Uh. He has 0:19:02.520 --> 0:19:06.000 also Plattner has also supported philanthropic efforts. In his case, 0:19:06.119 --> 0:19:09.960 he has spent a lot of money UM to support 0:19:10.080 --> 0:19:13.600 efforts in South Africa to combat AIDS and the AIDS 0:19:13.640 --> 0:19:17.160 crisis there, along with other charitable efforts. Not just not 0:19:17.240 --> 0:19:19.560 just that one UM and he is married and has 0:19:19.640 --> 0:19:24.240 two kids. Alright, moving up to number eleven. Now, Lauren, 0:19:24.240 --> 0:19:27.840 I'm gonna let you take this one. Not because because 0:19:27.840 --> 0:19:30.600 she's the woman. What do I get that? I don't 0:19:30.640 --> 0:19:34.119 I don't understand what you're getting at, Lauren, because we 0:19:34.240 --> 0:19:38.440 share the same name. That's why do you know? Is 0:19:38.600 --> 0:19:40.639 it pronounced Lauren and I believe. So, okay, all right, 0:19:40.680 --> 0:19:44.760 Lauren Powell Jobs worth a net ten point seven billion um. 0:19:44.840 --> 0:19:47.639 She is she is the wealthiest woman in tech in fact, 0:19:47.760 --> 0:19:51.280 and this is this is um Steve Jobs widow, yes, 0:19:51.640 --> 0:19:55.440 who we are talking about. So um she she most 0:19:55.440 --> 0:19:58.280 of her wealth comes from the fact that she owns 0:19:58.400 --> 0:20:01.919 seven point three percent of a little entertainment company you 0:20:01.960 --> 0:20:05.800 may have heard about, Disney, yep, seven point of Disney. 0:20:05.880 --> 0:20:09.920 That that translates to about six point nine billion dollars 0:20:09.960 --> 0:20:13.119 worth of shares. Yeah, and this is through the trust 0:20:13.200 --> 0:20:15.600 that Steve Jobs left to her when he passed away. Yes, 0:20:15.880 --> 0:20:19.280 but she's also I mean, you know, it's not she 0:20:19.400 --> 0:20:21.720 has inherited quite a bit from Steve Jobs, but she 0:20:21.840 --> 0:20:25.879 herself has been very instrumental in several different companies. Oh. Absolutely, 0:20:25.920 --> 0:20:28.240 she's she's only forty nine years old. She's um. She's 0:20:28.280 --> 0:20:32.800 got a few degrees in business and um. Unlike Jobs, 0:20:32.840 --> 0:20:36.280 she stuck with her her studies. But he met her 0:20:36.320 --> 0:20:38.520 when she was in college, I believe, and so at 0:20:38.520 --> 0:20:42.280 the at Stanford University. And she is the co founder 0:20:42.280 --> 0:20:45.720 and president of the board of for College Track and 0:20:45.720 --> 0:20:48.439 College Track as an after school program that's designed to 0:20:48.480 --> 0:20:52.280 help high school students uh study and and excel and 0:20:52.320 --> 0:20:55.520 also to succeed in college and uh and her interest 0:20:55.560 --> 0:20:58.080 in education goes well beyond that, which is you know, 0:20:58.200 --> 0:21:00.919 this makes sense too because Steve Jobs very much interested 0:21:00.920 --> 0:21:03.920 in education when he was the head of the Next 0:21:04.080 --> 0:21:09.080 Computer back back when Steve Jobs uh initially left Apple 0:21:09.200 --> 0:21:11.680 or was fired from Apple, it depends on your point 0:21:11.680 --> 0:21:14.879 of view. When he left, he founded a new company 0:21:14.920 --> 0:21:17.200 called Next Computers, and it was really for to make 0:21:17.200 --> 0:21:21.960 an educational computer, like a computer for education systems for students. Uh. 0:21:22.000 --> 0:21:25.200 And then he was called back to save Apple when 0:21:25.200 --> 0:21:28.840 it was on the brink of bankruptcy and he uh 0:21:28.960 --> 0:21:32.479 he never really lost his his passion for education, but 0:21:32.520 --> 0:21:34.280 he definitely had a lot more on his play at 0:21:34.280 --> 0:21:37.280 that point. Well. She has dedicated much of her life 0:21:37.560 --> 0:21:42.280 to working on ways to improve education and to give 0:21:42.480 --> 0:21:46.639 students tools that they could use to improve themselves. And 0:21:46.720 --> 0:21:49.600 she also co founded tera Vera, which is a natural 0:21:49.640 --> 0:21:53.560 foods company. She served on the board of directors for 0:21:53.600 --> 0:21:55.760 a couple of other companies like Achieva, which is a 0:21:55.800 --> 0:21:59.359 company that makes study tools for students. Again and um. 0:21:59.760 --> 0:22:02.040 She was appointed in to be part of the White 0:22:02.040 --> 0:22:05.320 House Council for Community Solutions. She was appointed by President 0:22:05.320 --> 0:22:10.240 Barack Obama himself. Um, and yeah, she received an NBA 0:22:10.320 --> 0:22:13.240 from Stanford in n and married Steve Jobs that same 0:22:13.320 --> 0:22:16.720 year and they had three kids together. Right, lately, she's 0:22:16.760 --> 0:22:20.000 been really into promoting the Dream Act, which is the Development, 0:22:20.040 --> 0:22:23.600 Relief and Education for Alien Miners Act. It's failed to 0:22:23.640 --> 0:22:26.480