The New Cloud Boom Reveals Astonishing Billionaires

Technology for the last few decades has grown immensely and is only going to continue to increase. Data Science, storage and the ‘cloud’ are three ways the technology field will continue to expand.

Since there have been so many changes in a short period of time, it is no wonder that there are new billionaires succeeding with their companies.

SalesForce Started It All

SalesForce is a software company that used to be the best among the best. The founder, Marc Benioff was a billionaire due to his company and sparked more and more founders to increase profits and money in their pockets.

With the big boom, the cloud made recently, at least eight billionaires rose in ranks competing with SalesForce.

How Are Technology Companies Doing Now?

Technology as briefly explained above is expected to always be a growing and needed field. Technology companies recently have been publicizing their IPOs surprising stock market investors with many choices.

Business wise technology has brought in a tremendous amount of profit. According to cnbc, “From collaboration and communication tools to security and software for the medical industry, a whole new generation of companies are taking over the enterprise. And while founders of popular consumer technology companies like Pinterest and Uber also now rank among tech’s nouveau riche, it’s the business software world that’s seeing a steady stream of newly-minted billionaires, a trend that appears poised to continue.”

Technology companies often talked about include;

  • Pinterest
  • Uber
  • Amazon
  • Microsoft

The Current New Billionaires:

  • Zoom Founder- Eric Yuan

Zoom video communications have soared in the markets recently introducing a new billionaire to the world. Eric Yuan is currently worth about $3.7 billion.

  • DropBox- Drew Houston

A co-founder of Dropbox, Drew Houston, was able to push the companies stock to become public. Drew Houston has a network of $2.1 billion.


Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.