Technology's Richest: 12 At Microsoft -- Stock Options Have Spread The Wealth -- The Top Five Richest People In The Technology Business

NEW YORK - The boom in technology stocks is churning out millionaires by the scores as the industry continues to grant employees more stock options than any other, Forbes ASAP magazine says.

Microsoft Chairman Bill Gates, worth about $38.66 billion, heads the magazine's first list of technology's 100 richest people, released yesterday. He is followed by Microsoft co-founder Paul Allen and Vice President Steve Ballmer, among the 12 Microsoft millionaires on the list - more than any other company.

The list includes 11 billionaires, including Oracle Chairman Larry Ellison, Intel Chairman Gordon Moore and Dell Computer Chairman Michael Dell.

But technology's wealth has trickled down beyond the boardrooms, according to Forbes ASAP, a technology supplement of the noted business magazine.

Two of the industry's largest companies, Microsoft and Cisco Systems, grant stock options to all their employees. Computer companies reserve 16 percent of their outstanding shares for employee-option programs, the magazine said in its Oct 6. issue.

Technology's 100 richest

(Name, company and estimated net worth, according to Forbes ASAP.)

1. Bill Gates, Microsoft, $38.66 billion

2. Paul Allen, Microsoft, $14.77 billion

3. Steve Ballmer, Microsoft, $8.21 billion

4. Larry Ellison, Oracle, $8.20 billion

5. Gordon Moore, Intel, $7.97 billion

6. Michael Dell, Dell, $4.66 billion

7. William Hewlett, Hewlett-Packard, $4.20 billion

8. Ted Waitt, Gateway 2000, $2.83 billion

9. David Duffield, PeopleSoft, $1.73 billion

10. Charles B. Wang, Computer Associates, $1.20 billion

11. Robert Galvin, Motorola, $1.10 billion

12. John Morgridge, Cisco, $779.4 million

13. Sanjiv Sidhu, i2 Technologies, $716 million

14. Craig Benson, Cabletron, $641.8 million

15. Jim Clark, Netscape, $597 million

16. Norman Waitt, Gateway 2000, $543 mil.

17. Steve Jobs, Pixar, $513.8 million

18. Patrizio Vinciarelli, Vicor, $503.5 million

19. S. Robert Levine, Cabletron, $488.2 million

20. Jon Shirley, Microsoft, $483.5 million

21. Tom Siebel, Siebel Systems, $425 million

22. Scott McNealy, Sun Microsystems, $417 million

23. David Huber, Ciena, $306.5 million

24. Richard Egan, EMC, $300.4 million

25. Jeffrey P. Bezos, Amazon.com, $275.5 million

26. Andy Grove, Intel, $267 million

27. George Perlegos, Atmel, $266.8 million

28. Patrick Nettles, Ciena, $221 million

29. Wilfred Corrigan, LSI Logic, $209.6 million

30. Ray Noorda, Novell, $202.2 million

31. Jim Barksdale, Netscape, $198.9 million

32 (tie). Scott Cook, Intuit, $187.9 million

32 (tie). Jerry Yang, Yahoo, $187.9 million

34. David Filo, Yahoo, $185.6 million

35. Richard Moley, Cisco, $184.8 million

36 (tie). Leslie Vadasz, Intel, $183.4 million

36 (tie). Christopher Galvin, Motorola, $183.4 million

38. David Fulton, Microsoft, $178.1 million

39. Ken Sharma, i2 Technologies, $176.8 million

40. Fred and Annie Chan, ESS Technologies, $174.2 million

41. Craig Barrett, Intel, $172.5 million

42. Eckhard Pfeiffer, Compaq, $157.5 million

43. Larry Garlick, Remedy, $140.9 million

44. Stephen Case, America Online, $137.3 million

45. Paul Maritz, Microsoft, $132.5 million

46. Jeff Raikes, Microsoft, $124.6 million

47. Lou Gerstner, IBM, $122.1 million

48. Gust Perlegos, Atmel, $120.1 million

49. Nathan Myhrvold, Microsoft, $118.3 million

50. Bernard Vergnes, Microsoft, $116.3 million

51. Jerry Fiddler, Wind River Systems, $109.6 million

52. Ray Stata, Analog Devices, $108 million

53. Rodney Smith, Altera, $104.4 million

54. C.N. Reddy, Alliance, $103.4 million

55. N. Damodar Reddy, Alliance, $103.3 million

56. Kenneth Levy, KLA-Tencor, $102.6 million

57. George Kozmetsky, Dell, $102.3 million

58. Olin B. King, CSI Systems, $95.5 million

59. Robert Bishop, Silicon Graphics, $94 million

60. Paul Severino, Bay Networks, $90.3 million

61. Kenneth Morris, PeopleSoft, $88.8 million

62. Joseph Costello, Cadence Design, $83 million

63. Michael Lacombe, Microsoft, $82.2 million

64. Maureen Egan, EMC, $82.1 million

65. Charles Wyly, Sterling Software and Sterling Commerce, $81.9 million

66. Mike Farmwald, Rambus, $79.7 million

67. Thomas Jermoluk, (at)Home, $79 million

68. Andy Ludwick, Bay Networks, $75.9 million

69. Tsung-Ching Wu, Atmel, $75.5 million

70. Jean-Paul Gimon, Hewlett-Packard, $74.9 million

71. Max Palevsky, Intel, $73.0 million

72. James Morgan, Applied Materials, $72 million

73. William Neukom, Microsoft, $69.2 million

74. Dirk Kabcenell, Oracle, $67.9 million

75. Frank Gill, Intel, $67.2 million

76. Russell M. Artzt, Computer Associates, $67 million

77. John Gifford, Maxim Integrated, $66.9 million

78. Lawrence Huang, Ciena, $63.8 million

79 (tie). Steve Chaddick, Ciena, $63.7 million

79 (tie). Sam Wyly, Sterling Software and Sterling Commerce, $63.7 million

81. David Wilner, Wind River Systems, $63.2 million

82. Rick Burgum, Great Plains Software, $62.7 million

83. Bernard Vonderschmitt, Xilinx, $62.4 million

84. Geoff Tate, Rambus, $60.7 million

85. Christopher Oliver, Cabletron, $60.1 million

86. Shawn Hailey, Avant, $59.8 million

87. William Reed, Microsoft, $58.8 million

88. Thomas Merideth, Dell, $57.8 million

89. Morton Topfer, Dell, $56.9 million

90. Gerhard Parker, Intel, $56.7 million

91. Marc Andreessen, Netscape, $56.3 million

92. Albert Duffield, PeopleSoft, $55.8 million

93. Jeffrey Henley, Oracle, $55.3 million

94. David Mahler, Remedy, $54.7 million

95. John Chambers, Cisco, $54.6 million

96. Sanjay Kumar, Computer Associates, $52.9 million

97. Robert Sanson, FORE Systems, $50.5 million

98. Steven Walske, Parametric Technologies, $49.8 million

99. Francois Bitz, FORE Systems, $49 million

100. Mark Horowitz, Rambus, $48.7 million