The 5 Richest People in Retail Tech

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The 5 Richest People in Retail Tech

By Tim Denman - 08/16/2016
Retail is a technology business. And the most successful are those that are able to leverage innovative technology to build market differentiation.

Retail solution providers are just as important as the retailers themselves, and a solution that can prove itself to be invaluable can net its inventors mountains of cash.

Retail technologists can be found throughout Forbes' second annual ranking of "The Richest People in Tech" ranking. The entire list can be found here, but below are the five retail focused tech billionaires to appear.   

Jeff Bezos. Not only is the founder and CEO of Amazon the second richest person in tech, he now ranks as the third richest person in the world. The rise of Amazon to dominance in the online shopping market and the runaway success of Amazon Web Service have sent Amazon's stock to new heights — filling the coffers of both the company and its founder. Net Worth: $66.2 Billion.
    

Larry Ellison. The founder of tech giant Oracle gave up his CEO seat in 2014, but still is heavily involved in the running of the company as the chairman of the board and chief technology officer. Oracle's integrated stack of cloud applications and platform solutions services numerous industries, including a huge retail presence. In fact, the solution provider is expanding its cloud-computing business to directly compete with tech rival Amazon. Net Worth: $51.7 Billion.                

Jack Ma. The self-made billionaire built the Chinese e-commerce site Alibaba into a powerful force. Interest and excitement was so high for the company many have dubbed the "Amazon of China" that its IPO two years ago set a record as biggest in history. Alibaba continues to expand, grow and invest, including forming an online portal with U.S. retailing icon Macy's. Net Worth: $25.8 Billion.   

James Goodnight. Goodnight is the co-founder and CEO of SAS, the business analytics software giant. The 73-year-old business tycoon owns two thirds of SAS, which is used by more than 75,000 companies around the world and yearly revenue north of $3 billion. Net Worth: $8.7 Billion.

Pierre Omidyar. The founder of eBay has stepped down as chairman, but still a member of the boars and the director of its former payment subsidiary PayPal. The mastermind behind the online auction model has been slowly divesting himself from both eBay and PayPal, but still owns around 7% of eBay. Net Worth: $7.9 Billion.