WEBVTT - TechStuff Classic: The Riches People In Tech 0:00:04.400 --> 0:00:07.760 Welcome to tex Stuff, a production from my Heart Radio. 0:00:12.080 --> 0:00:14.600 Hey there, and welcome to tech Stuff. I'm your host, 0:00:14.800 --> 0:00:18.480 Jonathan Strickland. I'm an executive producer with I Heart Radio 0:00:18.520 --> 0:00:21.599 and I love all things tech and I have a 0:00:21.760 --> 0:00:24.919 dated episode here. It's time for a classic episode of 0:00:24.920 --> 0:00:28.760 tech Stuff because it is Friday, and this episode originally 0:00:28.800 --> 0:00:32.800 published on April seventeen, two thousand thirteen. This is one 0:00:32.880 --> 0:00:35.600 that I think desperately needs an update, but I thought 0:00:35.640 --> 0:00:38.080 it'd be fun to go back and visit. It's called 0:00:38.560 --> 0:00:43.480 the Richest People in Tech Enjoy. We're taking a list 0:00:43.560 --> 0:00:48.080 from the top tech billionaires off of Forbes list, which 0:00:48.120 --> 0:00:50.960 they published pretty much on a yearly basis. So this 0:00:51.040 --> 0:00:54.760 is from the list of tech billionaires. We kind of 0:00:54.800 --> 0:00:57.640 want to talk about who these people are and what 0:00:57.800 --> 0:00:59.920 they've done to kind of get to where they're going, 0:01:00.080 --> 0:01:03.240 and maybe some little trivia facts about yeah, a little 0:01:03.240 --> 0:01:05.000 bit of a profile, just to see, you know, because 0:01:05.040 --> 0:01:07.240 these these are the people that are running all of 0:01:07.240 --> 0:01:10.040 the businesses that are creating all of the cool stuff 0:01:10.040 --> 0:01:12.760 that we talk about basically, and so there's some of 0:01:12.760 --> 0:01:16.080 them are who are working for the same company. There's 0:01:16.120 --> 0:01:19.040 three from one company in fact, that rhymes with shmoogle. 0:01:19.440 --> 0:01:23.160 Spoiler alert. Um, but uh, we're going to talk about 0:01:23.160 --> 0:01:25.000 the folks that are on this list, and uh, and 0:01:25.080 --> 0:01:26.840 keep in mind, you know, this is this is like 0:01:26.880 --> 0:01:29.120 the people who have the most money. It does not 0:01:29.200 --> 0:01:32.080 necessarily mean they're the most influential, because at least a 0:01:32.120 --> 0:01:37.200 couple of them are for the most part retired, right, right. 0:01:37.240 --> 0:01:38.960 And and also it doesn't necessarily mean that they have 0:01:39.319 --> 0:01:42.280 you know, like that kind of Scrooge McDuck giant swimming 0:01:42.280 --> 0:01:44.840 pool of goal of coins. It's mostly wrapped up in 0:01:44.880 --> 0:01:48.040 stock options, so you know, right, but nonetheless, right, they 0:01:48.120 --> 0:01:50.760 may not have a lot of liquid assets compared to 0:01:50.800 --> 0:01:54.400 what they have in investments. But hey, you know, I'm 0:01:54.440 --> 0:01:58.920 sure that I'm sure they're not they're not hurting, probably 0:01:58.960 --> 0:02:01.040 none of them are. Now. They can probably afford a 0:02:01.160 --> 0:02:04.200 nice ice cream cone on a warm summer's day. So 0:02:04.280 --> 0:02:06.800 let's let's talk about some of them. So yeah, coming 0:02:06.840 --> 0:02:11.000 in at number fifteen is James Goodnight, who has probably 0:02:11.040 --> 0:02:14.320 the most awesome name. I know he's I think I 0:02:14.320 --> 0:02:16.880 think he's a PhD. So it's doctor good Night, Doctor 0:02:16.960 --> 0:02:20.480 good Night. That is amazing. I did not think about 0:02:20.520 --> 0:02:23.760 that until you said it. Dr Goodnight is awesome. Well, 0:02:24.360 --> 0:02:28.320 Doctor Goodnight is worth, according to Forbes, about seven point 0:02:28.560 --> 0:02:31.639 seven billion dollars. And and this this is the I mean, 0:02:31.639 --> 0:02:33.799 this is the bottom of our list. Yes, so yeah, 0:02:33.800 --> 0:02:36.840 we're going. We're going from number fifteen down to number one. 0:02:36.880 --> 0:02:38.960 It's a countdown. You can actually all play along at 0:02:39.000 --> 0:02:41.360 home if you like, and place bets on who you 0:02:41.400 --> 0:02:44.240 think is in the top five. Well, we'll try not 0:02:44.280 --> 0:02:46.920 to give any spoilers. No, but we've already said that 0:02:46.919 --> 0:02:49.280 three of them are from the same company. So as 0:02:49.320 --> 0:02:51.800 as we get down, you're gonna be thinking, huh, all right, 0:02:51.919 --> 0:02:53.280 which you can think of a couple of names that 0:02:53.320 --> 0:02:56.280 haven't been mentioned yet. All right. Well, what good Night 0:02:56.360 --> 0:02:59.760 did was he co founded a company called s A s. 0:03:00.160 --> 0:03:02.799 John Saul's back in nineteen seventy six. And this is 0:03:02.840 --> 0:03:07.080 a business analytics software company. Yeah, and originally it was 0:03:07.320 --> 0:03:10.160 part of a research project. You see. Uh, James good 0:03:10.160 --> 0:03:12.799 and I grew up in North Carolina, so he's a 0:03:12.840 --> 0:03:15.480 neighbor of mine as far as I'm concerned. I'm born 0:03:15.680 --> 0:03:19.080 in Georgia, so I consider folks from North Carolina my neighbors. 0:03:19.560 --> 0:03:22.120 And he began to work with computers back when he 0:03:22.160 --> 0:03:25.520 was a sophomore at North Carolina State University. So he 0:03:25.600 --> 0:03:29.480 graduated with eventually with a pH d in statistics. All right, 0:03:29.639 --> 0:03:31.720 he's he's seventy right now. If that gives you an 0:03:31.760 --> 0:03:34.800 idea of what kind of era he was working in computers. 0:03:34.920 --> 0:03:37.680 Right when he was working in computers, it was before 0:03:37.720 --> 0:03:41.240 computers were really I think people worked on. Yeah, there 0:03:41.320 --> 0:03:43.560 certainly were no personal computers at the time where he 0:03:43.600 --> 0:03:45.760 was getting into them. He didn't find you know, he 0:03:46.160 --> 0:03:48.840 and John Stiles founded the company in nineteen seventy six, 0:03:49.120 --> 0:03:52.280 that's just when personal computers were barely getting their start. 0:03:53.320 --> 0:03:57.240 So he uh, he had helped design some equipment for 0:03:57.440 --> 0:04:01.480 ground stations to communicate with the Apollo mission, which is awesome, 0:04:01.640 --> 0:04:05.240 pretty amazing. Yeah. So he then joined the faculty of 0:04:05.360 --> 0:04:08.400 North Carolina State and while he was a faculty member there, 0:04:08.440 --> 0:04:11.240 he began to work on this project which was called 0:04:11.240 --> 0:04:15.000 a statistical analysis system or s A S I was 0:04:15.080 --> 0:04:18.839 for agricultural research actually to crunch some of that data 0:04:19.040 --> 0:04:23.640 exactly statistically analyzing the information coming back from an agricultural project. 0:04:24.080 --> 0:04:27.240 And he realized that there was a broader application for 0:04:27.279 --> 0:04:31.080 this kind of statistical model for lots of different industries. 0:04:31.120 --> 0:04:33.720 And so that's when he and Saul's got together and 0:04:33.960 --> 0:04:37.520 UH and founded s A S and UH. He led 0:04:37.560 --> 0:04:40.440 the company to grow every single year. And he's been 0:04:40.480 --> 0:04:43.320 the CEO for essentially thirty five years now, and every 0:04:43.400 --> 0:04:47.360 year he's been CEO, the company has grown. And perhaps 0:04:47.360 --> 0:04:50.400 the most remarkable thing, I think, according to what I read, 0:04:51.000 --> 0:04:54.080 the company has never laid off a single employee. Yeah, 0:04:54.080 --> 0:04:57.040 they're they're supposedly completely excellent to work for. I think 0:04:57.040 --> 0:05:00.960 there are number two behind all companies aside from Google, 0:05:01.440 --> 0:05:05.200 uh in like employee satisfaction ALVE. I mean, it's it's 0:05:05.200 --> 0:05:07.240 pretty amazing. Now, that doesn't mean that someone hasn't been 0:05:07.279 --> 0:05:09.359 fired from that company, but no one has been No 0:05:09.400 --> 0:05:12.520 one's job has been eliminated due to like cutbacks or something, 0:05:13.000 --> 0:05:16.239 which you know, when you're when you're talking thirty five years, 0:05:16.480 --> 0:05:19.680 that's amazing and UH And there have been books written 0:05:19.720 --> 0:05:23.920 about his management style. He's he's often shown as sort 0:05:23.920 --> 0:05:28.040 of an example to folks about how to manage a company. 0:05:28.080 --> 0:05:31.760 I had heard that he kind of developed his philosophy 0:05:31.839 --> 0:05:35.840 while he was working on these ground systems for NASA, 0:05:35.920 --> 0:05:39.240 because those projects had a lot of turnover, and as 0:05:39.279 --> 0:05:42.039 a result, he was like, this is not the best 0:05:42.040 --> 0:05:44.960 way to get anything done because you have to you 0:05:44.960 --> 0:05:47.359 have to ramp people up as they come into replace people. 0:05:47.680 --> 0:05:50.880 You're set back when someone leaves, so and a lot 0:05:50.880 --> 0:05:53.320 of time to reading and spinning whales. Yeah, but yeah, 0:05:53.360 --> 0:05:55.240 it's you know, it's one of those companies that add 0:05:55.240 --> 0:05:58.919 has all kinds of services on its campuses and and 0:05:59.040 --> 0:06:03.640 lots of educational support and snacks in the break room, 0:06:03.800 --> 0:06:06.720 you know. And uh, from a from a personal standpoint, 0:06:06.800 --> 0:06:09.440 he met his wife Anne while he was a senior 0:06:09.520 --> 0:06:13.039 at at North Carolina State and she was attending Meredith College. 0:06:13.279 --> 0:06:16.640 And they have three kids. So you gotta think, you know, 0:06:16.800 --> 0:06:18.600 a kid of a billionaire. Now, a lot of these 0:06:18.600 --> 0:06:20.760 billionaires were gonna be talking about. Another interesting thing I 0:06:20.880 --> 0:06:22.800 found out about a lot of them is that many 0:06:22.839 --> 0:06:27.280 of them are philanthropists. Some of them are philanthropists to 0:06:27.520 --> 0:06:30.240 such an extreme as to it, you know, they plan 0:06:30.320 --> 0:06:34.160 on giving away a large amount of their wealth before 0:06:34.440 --> 0:06:37.880 they pass on. And uh, and I know that there 0:06:37.920 --> 0:06:40.120 there's actually a fairly common thing I've heard among a 0:06:40.120 --> 0:06:42.680 lot of these people who have said they want to 0:06:42.720 --> 0:06:45.719 make sure that their their kids understand the value of 0:06:45.800 --> 0:06:49.400 hard work and the responsibility and not just coast along 0:06:50.000 --> 0:06:53.200 on the accomplishments of the parents. Right. Yeah, Since so 0:06:53.240 --> 0:06:55.080 many of these people, you know, worked themselves with the 0:06:55.120 --> 0:06:57.320 ground up, they kind of go that that was a 0:06:57.360 --> 0:06:59.920 good life lesson. Yeah. Yeah, a few of them had 0:07:00.240 --> 0:07:03.520 somewhat privileged upbringings, but a lot of them actually came 0:07:03.560 --> 0:07:06.720 from from pretty humble beginnings and had worked their way 0:07:06.839 --> 0:07:10.240 up to uh, you know, not just not just the 0:07:10.240 --> 0:07:13.440 top of their their company, but the top of the 0:07:13.760 --> 0:07:18.520 financial industry. So let's move on to number fourteen. This 0:07:18.680 --> 0:07:23.280 is our first Schmoogle person, as I recall, that's uh 0:07:23.400 --> 0:07:27.200 Eric Schmidt. Yes, yes, he's worth a reported eight point 0:07:27.240 --> 0:07:30.760 two billion in net yep, and he was he used 0:07:30.800 --> 0:07:33.440 to be the CEO for Google. He was the CEO 0:07:33.520 --> 0:07:36.400 for Google for several years. He's currently the executive chairman 0:07:36.800 --> 0:07:41.600 and international Ambassador. I think that's a honorary title. He actually, 0:07:41.880 --> 0:07:44.800 well not just honorary, because he went to North Korea. Yeah, 0:07:44.840 --> 0:07:47.720 she just went with that with his daughter and um 0:07:47.760 --> 0:07:50.680 Bill Richardson to talk to the leaders of North Korea 0:07:50.720 --> 0:07:55.680 about opening up internet channels. And apparently some of those 0:07:55.680 --> 0:08:00.320 talks actually started to see some some results. Apparently, UH, 0:08:00.680 --> 0:08:05.280 North Korea began to allow foreign visitors more access to 0:08:05.440 --> 0:08:08.640 things like WiFi, and some folks are saying it's a 0:08:08.680 --> 0:08:12.960 direct result of Eric Schmidt's visit. That being said, as 0:08:13.000 --> 0:08:17.160 we're recording this podcast, there is a kerfuffle in the 0:08:17.200 --> 0:08:21.480 North Korea area, and so I would imagine some of 0:08:21.520 --> 0:08:25.640 those issues are becoming a bit more complicated at the moment, 0:08:26.840 --> 0:08:29.680 as as they tend to do when nuclear warheads are involved. 0:08:30.320 --> 0:08:34.120 But he's you know, I always heard of Eric Schmidt 0:08:34.240 --> 0:08:36.439 as the CEO of Google and being like a kind 0:08:36.440 --> 0:08:40.720 of this shrewd businessman. I did not realize because I 0:08:40.720 --> 0:08:43.000 mean I just never had looked into his background very much. 0:08:43.000 --> 0:08:45.480 I didn't realize that he has a background not just 0:08:45.600 --> 0:08:49.000 in business, but in actual programming. Yeah, he got his 0:08:49.080 --> 0:08:51.840 engineering degree than a PhD in computer science. I think 0:08:51.840 --> 0:08:53.960 he didn't. He was brought on to Google back in 0:08:54.000 --> 0:08:56.719 two thousand one as the chief executive to bring a 0:08:56.720 --> 0:08:58.880 little bit more business experience into the next Right, he 0:08:58.920 --> 0:09:02.400 had been the CEO of Novel before that, and but 0:09:02.480 --> 0:09:06.400 he he had actually co authored the lex analysis software 0:09:06.400 --> 0:09:10.240 program for Unix and UH, and so yeah, he's he's 0:09:10.280 --> 0:09:14.240 also he's our second PhD. Um and uh. He got 0:09:14.240 --> 0:09:17.679 that the University of California while he was actually working 0:09:17.679 --> 0:09:19.920 on another project there. So he's working on a project 0:09:19.960 --> 0:09:22.520 at the University of California and pursues a PhD at 0:09:22.520 --> 0:09:25.040 the same time. Of course, he was at one point 0:09:25.040 --> 0:09:29.400 the technology advisor to President Obama. He was also at 0:09:29.440 --> 0:09:32.800 one point on the board of directors for Apple, right. 0:09:33.120 --> 0:09:36.880 He did resign from that position after it was sort 0:09:36.920 --> 0:09:40.240 of like there was some tensions between Google and Apple, 0:09:40.280 --> 0:09:43.560 mainly stemming from iOS versus Android. In fact, I don't 0:09:43.559 --> 0:09:45.520 think it was called iOS at the time. Yeah, because 0:09:45.520 --> 0:09:48.079 because he joined it in two thousand and six. Um. 0:09:48.120 --> 0:09:50.200 And and then when when everything was kind of golden 0:09:50.200 --> 0:09:52.160 and people were going like our Google and Apple going 0:09:52.200 --> 0:09:54.560 to make beautiful babies together, and then they were like, yeah, no, 0:09:54.640 --> 0:09:57.760 they're not. Is that they both had they both had babies, 0:09:58.240 --> 0:10:01.800 and they both thought their baby was the most and 0:10:01.800 --> 0:10:05.240 then they tried to fight them with Pokemon. Right, Yeah, 0:10:05.600 --> 0:10:09.240 you just gave me a great business idea that I'm 0:10:09.240 --> 0:10:12.200 going to pursue after this podcast. Bat Hey, hey, hey, hey, 0:10:12.400 --> 0:10:16.840 don't get away Vocabama. Uh. Yeah, So he he was 0:10:16.920 --> 0:10:18.839 on the board of directors for Apple for a while, 0:10:19.200 --> 0:10:22.600 he stepped down. There were there was some mounting tensions 0:10:22.640 --> 0:10:24.880 between the two companies, and it was pretty clear that 0:10:25.360 --> 0:10:30.040 it was going to be difficult to maintain a advisory 0:10:30.080 --> 0:10:33.040 position at one company when York, the company you are 0:10:33.040 --> 0:10:36.600 the CEO of, is seen as an increasingly as a competitor, 0:10:37.040 --> 0:10:39.520 so considered a conflict of interest, and he stepped down. 0:10:41.240 --> 0:10:44.200 He married a woman by the name of Windy Boyle 0:10:44.720 --> 0:10:47.480 and had two children with her, but they separated in 0:10:47.600 --> 0:10:51.400 two thousand eleven, and now he's dating a concert pianist. 0:10:52.320 --> 0:10:54.800 I think one really interesting thing about a bunch of 0:10:54.840 --> 0:10:59.200 these big, big names is that technically their salaries are 0:10:59.200 --> 0:11:02.080 are practical nothing. In in Eric Schmidt's case, as of 0:11:02.120 --> 0:11:04.760 two thousand eight, anyway, his salary was technically one dollar 0:11:04.840 --> 0:11:07.600 per year. And you know, all of his fortune is 0:11:07.720 --> 0:11:09.760 is wrapped up in all of these stock options. Yeah, 0:11:09.800 --> 0:11:13.319 you usually end up getting the majority of your compensation 0:11:13.400 --> 0:11:15.760 ends up coming in the form of of stocks and 0:11:15.840 --> 0:11:20.200 other investments, uh, which which which is fair when you 0:11:20.240 --> 0:11:23.319 know it's you go from a stock value of eighty 0:11:23.320 --> 0:11:26.240 five dollars to over six hundred and three years it 0:11:26.320 --> 0:11:28.640 does suggest that that you might have made one or 0:11:28.679 --> 0:11:31.960 two good calls right in your time, especially when when 0:11:32.000 --> 0:11:34.800 you're the one who who created the launch of those 0:11:34.800 --> 0:11:37.719 stock options. That, yeah, that speaks well for you. I'm 0:11:37.760 --> 0:11:40.480 almost certain that taxes have something to do with that 0:11:40.559 --> 0:11:44.679 one dollar salary, but since I'm nowhere near a billionaire, 0:11:44.760 --> 0:11:48.040 I don't know for sure. Uh. Let's move down to 0:11:48.080 --> 0:11:51.559 the next person, number thirteen. Now here's the first person 0:11:51.760 --> 0:11:55.440 whose name I'm going to butcher. It's Pierre Amadyar, who 0:11:55.600 --> 0:11:59.160 is worth eight point seven billion dollars. He's better known 0:11:59.280 --> 0:12:03.120 as the founder of eBay. And of course eBay is 0:12:03.160 --> 0:12:07.199 that auction site that did really, really well. I mean 0:12:07.200 --> 0:12:11.160 it was it exploded on the Internet when it shortly 0:12:11.200 --> 0:12:14.560 after debut. I think a debuted in in like ninety five, 0:12:14.600 --> 0:12:18.880 it was pretty early. Yeah, eBay launched in and it 0:12:18.960 --> 0:12:21.800 did it. Of course, was one of those companies that 0:12:21.920 --> 0:12:24.080 gave a lot of other people the idea that the 0:12:24.120 --> 0:12:26.839 Internet was a place to make your fortune. And uh, 0:12:26.880 --> 0:12:29.200 and I mean, how could you deny it? I mean, obviously, 0:12:29.240 --> 0:12:32.640 this this one idea was doing incredibly well, and it 0:12:32.679 --> 0:12:38.200 made Pierre Almadyar a billionaire overnight. When the afternoon over 0:12:38.240 --> 0:12:40.839 afternoon afternoon. In fact, yeah, in the middle of the day. 0:12:40.880 --> 0:12:43.880 He became a billionaire when they held the initial public 0:12:43.920 --> 0:12:47.680 offering for eBay. Yeah, so three years after he launches, 0:12:47.760 --> 0:12:51.040 he becomes a billionaire because of the you know, the 0:12:51.080 --> 0:12:55.080 interest in this company. So again that's before the dot 0:12:55.120 --> 0:13:00.600 com bubble bursts. So eBay had a lot of the 0:13:00.720 --> 0:13:04.080 right parts in place to survive the dot com bubble. 0:13:04.360 --> 0:13:06.840 But it also I think helped create the dot com 0:13:06.840 --> 0:13:09.560 bubble in a way because all these other people said 0:13:10.080 --> 0:13:13.600 that was possible, Why can't I Yeah, there's a lot 0:13:13.600 --> 0:13:16.320 of bandwagoning that happened, and and at a certain point, 0:13:16.400 --> 0:13:19.760 you know, yeah, you can't support hence bubble. Yeah. Yeah. 0:13:20.080 --> 0:13:23.839 Now he was born in France, uh and he now 0:13:23.920 --> 0:13:28.520 makes his home in America. He is his parents were Iranian. 0:13:28.960 --> 0:13:32.160 Still are I mentioned he's only forty five years old. 0:13:32.240 --> 0:13:34.760 Forty five years old, and he's given away a lot 0:13:34.880 --> 0:13:37.920 of his wealth already. He is known as a philanthropist, 0:13:38.240 --> 0:13:40.839 and he's one of the people who signed something called 0:13:40.840 --> 0:13:44.640 the Giving Pledge. The Giving Pledge was something proposed by 0:13:44.640 --> 0:13:47.200 the number one entry on our lists. That's something for 0:13:47.240 --> 0:13:49.040 you to listen for when we get there. It was 0:13:49.080 --> 0:13:53.080 co pledged by um Co co created by Warren Buffett. Right, 0:13:53.200 --> 0:13:56.480 Warren Buffett was one of the creators of the Giving Pledge. 0:13:56.520 --> 0:13:58.320 The other one is the number one on our list. 0:13:58.320 --> 0:14:00.040 Warren Befett is not the number one in tech and 0:14:00.240 --> 0:14:03.400 Warren Buffett does not does not He does not appear 0:14:03.400 --> 0:14:05.000 on this list as he is not one of the 0:14:05.080 --> 0:14:10.240 tech guys. But he also created a philanthropic investment firm 0:14:10.360 --> 0:14:13.360 called the Amadyar Network. And this is also not unusual. 0:14:13.400 --> 0:14:16.800 There are several people on this list who have created 0:14:17.360 --> 0:14:21.600 uh foundations that are actually investment firms because what they 0:14:21.640 --> 0:14:24.360 do is they were given a certain amount of grant 0:14:24.400 --> 0:14:27.280 money to start and then they invest that money and 0:14:27.320 --> 0:14:30.880 then from the returns on those investments, they fund various 0:14:30.960 --> 0:14:35.640 charitable efforts. Uh So. He graduated with a degree in 0:14:35.720 --> 0:14:39.960 computer science from Tufts University and for a while before 0:14:40.000 --> 0:14:42.920 he founded eBay, he worked for a subsidiary of a 0:14:42.960 --> 0:14:47.800 little company called Apple Computer. The subsidiaries called Claris and 0:14:47.880 --> 0:14:50.920 that's when he then went on to co found a 0:14:50.960 --> 0:14:54.600 company called in Development, which was originally pen based computers. 0:14:54.680 --> 0:14:56.600 So any sort of computer that would have a pen 0:14:56.680 --> 0:14:59.360 based operating a stem that you would use that's what 0:14:59.440 --> 0:15:02.440 he originally went into. It eventually became a shop which 0:15:02.520 --> 0:15:04.960 was an e commerce site, and then from that he 0:15:05.000 --> 0:15:07.840 got the idea for eBay. Yeah, I think was auction web. 0:15:07.920 --> 0:15:10.360 The first thing that he technically sold was a broken 0:15:10.440 --> 0:15:15.440 laser pointer. Yeah, fantastic. That just makes me think of 0:15:15.480 --> 0:15:17.600 the weird al song about I bought it on ebit. 0:15:18.360 --> 0:15:22.040 Uh and Uh and almady are married Pamela Kerr Almadyar 0:15:22.560 --> 0:15:26.000 who supposedly had a huge pest dispenser collection, and that 0:15:26.000 --> 0:15:27.800 that is this is part of why he decided to 0:15:27.800 --> 0:15:32.440 found eBay because of his wife's pest dispenser wow collection. 0:15:32.560 --> 0:15:34.960 I did not know that. It's always amazing to me 0:15:35.040 --> 0:15:40.440 to hear the the what was the genestic alright number twelve? Oh, 0:15:40.560 --> 0:15:45.440 here we go with a German uh Entry Hasso Plotner, 0:15:45.720 --> 0:15:48.880 who was worth eight point nine billion dollars acoring of 0:15:48.920 --> 0:15:51.560 Forbes and he is the co founder of German software 0:15:51.600 --> 0:15:54.360 company s A P, s A P A G and 0:15:54.640 --> 0:15:57.640 U s A P stands for a system analysis and 0:15:57.680 --> 0:16:02.520 program development or if I'm going to butcher my German 0:16:03.400 --> 0:16:07.520 system and a system analyze on program the vic lunk 0:16:08.320 --> 0:16:11.320 that's I a thrish dish The only thing that I 0:16:11.360 --> 0:16:13.760 can pronounce in German is my own last name. So 0:16:14.000 --> 0:16:18.400 that's that's fair. I got my German is terrible. Uh. 0:16:18.880 --> 0:16:23.400 He he founded this company along with four other former 0:16:23.480 --> 0:16:26.400 IBM colleagues. So he used to work for IBM along 0:16:26.400 --> 0:16:30.280 with these other four gentlemen, and and they they founded 0:16:30.320 --> 0:16:32.840 this and it was a company that made enterprise software. 0:16:32.840 --> 0:16:36.560 Now that means that they made software for other companies. 0:16:36.800 --> 0:16:39.200 It wasn't software for you know, you to bring home 0:16:39.200 --> 0:16:41.280 and install in your personal computer. This is something that 0:16:41.680 --> 0:16:45.000 large companies would use. And in the case of of 0:16:45.400 --> 0:16:49.600 S a P, it was software that's designed to manage 0:16:49.600 --> 0:16:53.560 business operations and customer relations. So you know, this is 0:16:53.600 --> 0:16:56.840 not something that would appeal to small businesses. It was 0:16:56.880 --> 0:16:59.080 meant for big, big, big, big big. Yeah. Yeah. There's 0:16:59.080 --> 0:17:01.440 a lot of database kind of crunching going on in 0:17:01.480 --> 0:17:04.479 the process. But that means, you know, big companies mean 0:17:04.560 --> 0:17:07.159 big customers. So it's it's one of those things that 0:17:07.840 --> 0:17:09.840 a lot of other companies have looked into. You know, 0:17:10.160 --> 0:17:12.119 some of the names we're going to be talking about 0:17:12.359 --> 0:17:15.399 will be familiar to you, but maybe not as a 0:17:15.480 --> 0:17:18.760 customer like a direct customer, but rather that you know, 0:17:18.800 --> 0:17:21.400 of you know the name, and maybe if you work 0:17:21.400 --> 0:17:23.600 for a big company and work with those those products 0:17:23.600 --> 0:17:26.679 you know the name of, you know some of the software, 0:17:26.760 --> 0:17:29.520 but you know, yes, yeah against on your computer at home, 0:17:29.560 --> 0:17:31.240 you're not going to have this kind of stuff installed. 0:17:31.600 --> 0:17:34.240 But um yeah yeah he he um co founded this 0:17:34.280 --> 0:17:38.680 back in two he's he's sixty nine as of right now. Yep, 0:17:38.840 --> 0:17:44.000 and uh he uh he he has an interest in 0:17:44.240 --> 0:17:47.760 lots of different things, including yachting and uh. And his 0:17:47.920 --> 0:17:51.200 interest in yachting, he has seen himself compete head to 0:17:51.280 --> 0:17:53.920 head against another person who will appear on our list 0:17:54.119 --> 0:17:57.320 further down. I'll go ahead and spoil it because it's 0:17:57.320 --> 0:17:59.200 too funny and I will never remember by the time 0:17:59.240 --> 0:18:03.840 we get down to to this fellow Larry Ellison, CEO 0:18:03.920 --> 0:18:07.919 of Oracle, So Larry Elson very well known for his 0:18:08.040 --> 0:18:13.920 yachting uh interests and uh and how so Platner have had. 0:18:14.640 --> 0:18:18.440 So they've both participated in yachting events where their individual 0:18:18.520 --> 0:18:21.359 yachts went directly head to head against each other. And 0:18:21.400 --> 0:18:26.359 apparently there have been words exchanged battle yachts, some in 0:18:26.480 --> 0:18:32.119 German battle battle yachts driven by babies. All right, we're 0:18:32.160 --> 0:18:34.600 getting a little too far. That's sorry. It's maybe like 0:18:34.640 --> 0:18:36.840 after season four or five and things are starting to 0:18:36.840 --> 0:18:40.560 peter off, we have to introduce a new twist. But yeah, 0:18:40.600 --> 0:18:42.560 I thought that was kind of interesting that these guys 0:18:43.080 --> 0:18:46.240 and I got really snarky in my notes, didn't. I said, 0:18:46.600 --> 0:18:48.840 it shows that the CEO still know how to have fun, 0:18:48.920 --> 0:18:51.760 just like the rest of us common folk. Uh. He 0:18:51.840 --> 0:18:55.560 has also Plattner has also supported philanthropic efforts. In his case, 0:18:55.680 --> 0:18:59.520 he has spent a lot of money UM to support 0:18:59.600 --> 0:19:03.160 effort in South Africa to combat AIDS and the AIDS 0:19:03.200 --> 0:19:06.639 crisis there, along with other charitable efforts not just not 0:19:06.800 --> 0:19:09.120 just that one. UM. And he is married and has 0:19:09.200 --> 0:19:13.800 two kids. Alright, moving up to number eleven. Now, Lauren, 0:19:13.800 --> 0:19:17.640 I'm gonna let you take this one because because she's 0:19:17.720 --> 0:19:20.120 the woman. What what is I get that I don't 0:19:20.200 --> 0:19:23.679 I don't understand what you're getting at, Lauren because we 0:19:23.800 --> 0:19:28.000 share the same name. That's why do you know? Is 0:19:28.160 --> 0:19:31.280 it pronounced Lauren? And okay, all right, Lauren Powell Jobs 0:19:31.440 --> 0:19:34.760 worth a net ten point seven billion UM. She is 0:19:34.800 --> 0:19:37.240 she is the wealthiest woman in tech in fact, and 0:19:37.480 --> 0:19:41.480 this is this is um Steve Jobs widow who we 0:19:41.480 --> 0:19:45.320 are talking about so um. She she most of her 0:19:45.359 --> 0:19:48.600 wealth comes from the fact that she owns seven point 0:19:48.640 --> 0:19:51.760 three percent of a little entertainment company you may have 0:19:51.800 --> 0:19:55.960 heard about, Disney, yep, seven point of Disney. That that 0:19:56.040 --> 0:20:00.560 translates to about six point nine billion dollars worth of cares. Yeah, 0:20:00.680 --> 0:20:03.720 and this is through the trust that Steve Jobs left 0:20:03.720 --> 0:20:06.320 to her when he passed away. Yes, but she's also 0:20:06.400 --> 0:20:09.880 I mean, you know it's not she has inherited quite 0:20:09.920 --> 0:20:12.280 a bit from Steve Jobs, but she herself has been 0:20:12.359 --> 0:20:15.840 very instrumental in several different companies. Oh. Absolutely, she's She's 0:20:15.840 --> 0:20:18.159 only forty nine years old. She's um. She's got a 0:20:18.200 --> 0:20:23.520 few degrees in business, and unlike Jobs, she stuck with 0:20:23.560 --> 0:20:26.240 her her studies. But he met her when she was 0:20:26.280 --> 0:20:29.480 in college, I believe, and so at the at Stanford University. 0:20:29.680 --> 0:20:32.640 And she is the co founder and president of the 0:20:32.760 --> 0:20:36.040 board of for College Track and College Track as an 0:20:36.040 --> 0:20:39.280 after school program that's designed to help high school students 0:20:40.000 --> 0:20:43.640 study and and excel and also to succeed in college. 0:20:43.960 --> 0:20:46.920 And uh. And her interest in education goes well beyond that, 0:20:47.119 --> 0:20:49.160 which is you know, this makes sense too, because Steve 0:20:49.240 --> 0:20:51.600 Jobs was very much interested in education when he was 0:20:51.960 --> 0:20:55.639 the head of the Next Computer back back when Steve 0:20:55.720 --> 0:21:00.760 Jobs initially left Apple or was fired for Apple, depends 0:21:00.760 --> 0:21:03.760 on your point of view. When he left, he founded 0:21:03.800 --> 0:21:06.120 a new company called Next Computers, and it was really 0:21:06.240 --> 0:21:08.720 for to make an educational computer, like a computer for 0:21:09.000 --> 0:21:13.119 education systems for students. Uh. And then he was called 0:21:13.160 --> 0:21:15.840 back to save Apple when it was on the brink 0:21:15.880 --> 0:21:20.119 of bankruptcy and he uh, he never really lost his 0:21:20.119 --> 0:21:23.000 his passion for education, but he definitely had a lot 0:21:23.040 --> 0:21:25.359 more on his play at that point. Well. She has 0:21:25.440 --> 0:21:29.359 dedicated much of her life to working on ways to 0:21:30.040 --> 0:21:33.720 improve education and to give students tools that they could 0:21:33.800 --> 0:21:38.280 use to improve themselves. And she also co founded tera Vera, 0:21:38.359 --> 0:21:42.080 which is a natural foods company. She served on the 0:21:42.160 --> 0:21:44.840 board of directors for a couple of other companies like Achieva, 0:21:44.960 --> 0:21:47.440 which is a company that makes study tools for students. 0:21:47.480 --> 0:21:50.879 Again and um, she was appointed in twenty ten to 0:21:50.880 --> 0:21:53.640 be part of the White House Council for Community Solutions. 0:21:53.680 --> 0:21:58.720 She was appointed by President Barack Obama himself. Um and yeah. 0:21:58.760 --> 0:22:01.879 She received an NBA for Stanford and n and married 0:22:01.920 --> 0:22:06.000 Steve Jobs that same year and they had three kids together. Yeah. Right. Lately, 0:22:06.080 --> 0:22:08.760 she's been really into promoting the Dream Act, which is 0:22:08.800 --> 0:22:12.760 the Development, Relief and Education for Alien Minors Act. It's 0:22:12.800 --> 0:22:15.160 failed to pass through Congress a couple of times now, 0:22:15.200 --> 0:22:20.520 but it would give undocumented US citizens, undocumented US citizens, 0:22:20.560 --> 0:22:25.000 undocumented US youth a chance to gain citizenship by um 0:22:25.080 --> 0:22:28.080