Tech companies bring jobs, innovation and billions of dollars to the Peninsula.
So it's not surprising that some of the wealthiest Americans made their fortunes in the Silicon Valley and San Francisco, and still reside in the region.
Forbes magazine released its annual list of the richest people on the planet this month. The rankings include a who's-who of tech CEOs who call the Peninsula home.
Woodside's Larry Ellison leads the rankings for the region and all of California.
Ellison ranks No. 5 on Forbes' Billionaires list, the same place he held in 2011. He is the third richest person in the United States, the magazine reports. The 68-year-old Woodside resident, made his fortune as co-founder and CEO of Oracle Corporation, is worth an estimated $43 billion.
In Los Altos Hills, Sergey Brin, co-founder of Google, and Jerry Yang, co-founder of Yahoo!, rank 21st and 328th in the world, respectively.
Woodside, Atherton and Palo Alto dominate the list of billionaire domiciles. Here's a list of the richest people in the the Bay Area, with most on the Peninsula, according to Forbes magazine
Wealthiest People in the Peninsula and Silicon Valley Name Net Worth International Ranking U.S. Ranking Company Age Residence Larry Ellison $43 billion #5 3rd Oracle Corporation 68 Woodside Larry Page $23 billion #20 13th Google 39 Palo Alto Sergey Brin $22.8 billion #21 14th Google 39 Los Altos Hills Mark Zuckerberg $13.3 billion #66 25th Facebook 28 Palo Alto Laurene Powell Job and family $10.7 billion #98 36th widow of Steve Jobs, founder of Emerson Collective 49 Palo Alto Eric Schmidt $8.2 billion #138 45th Google 57 Atherton Charles Johnson $5.7 billion #211 64th Franklin Resources (parent of mutual fund purveyor Franklin Templeton) 80 Hillsborough Rupert Johnson, Jr. $5.6 billion #215 66th Franklin Resources71 Burlingame Charles Schwab $4.3 billion #299 95th Charles Schwab (financial broker) 75 Atherton Gordon Moore $4.1 billion #316 101st
Intel 84 Woodside George Roberts $4.1 billion #316
101st
KKR (leveraged buyouts) 69 Atherton George Lucas $3.9 billion #346
111th
director/producer 68 San Anselmo John A. Sobrato and family $3.9 billion #346
111th
Sobrato Development 73 Atherton Jeffrey Skoll $3.7 billion #363 120th eBay 48 Woodside Reid Hoffman $3.1 billion #437 144th LinkedIn 45 Palo Alto Andreas von Bechtolsheim $2.8 billion #503 German citizen Google 57 Palo Alto John Doerr
$2.7 billion #527 181st Kleiner Perkins Caufield & Byers 61 Woodside Richard Peery $2 billion #736 249th real estate 74 Palo Alto Romesh T. Wadhwani $1.95 billion #785 262nd Symphony Technology Group 65 Palo Alto Meg Whitman $1.9 billion #792 264th eBay 56 Atherton Thomas Siebel $1.8 billion #831 279th software 60 Woodside David Pritzker $1.75 billion #868 290th hotels, investments 54 Marin County David Cheriton $1.7 billion #882 292nd Google 61 Palo Alto David Filo $1.7 billion #882 292nd Yahoo 46 Palo Alto Kavitark Ram Shriram $1.65 billion #922 304th Google 56 Menlo Park Scott Cook $1.5 billion #974 328th Intuit 60 Woodside Jerry Yang
$1.5 billion #974 328th Yahoo 44 Los Altos Hills Mark Stevens $1.3 billion #1107 359th S-Cubed Capital 53 Atherton Jim Breyer
$1.2 billion #1175 377th venture capital 51 Woodside Robert Duggan $1.2 billion #1175 377th Pharmacyclics 68 Palo Alto Carl Berg $1.1 billion #1268
392nd
real estate 75 Atherton Source: Forbes.com
There are also 14 billionaires living in San Francisco, including five members of the Gap store-founding Fisher family.
For more news about Los Altos and surrounding areas, follow us on Twitter and like us on Facebook.
Stay on top by signing up Patch headlines here.
