September 28, 2001

Post attack stock turmoil costs tech execs big

Author: JT Smith

From Network World Fusion: "Forbes magazine, which calculates an annual
ranking of the 400 richest people in America,
has recalculated its list based on closing stock
prices on Sept. 24, six trading days after
markets reopened in the wake of the attacks. It
then compared the new numbers to the previous
list, which was calculated on Aug. 27.

The new ranking shows that no one has lost
more money than Bill Gates, Microsoft's
chairman and chief software architect. His net
worth fell $7.2 billion over the period although,
as America's richest man, even a fall of that
size accounts for just 13.3% of his net worth,
now estimated at $46.8 billion."

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