Monday, May. 01, 2000
Box Score: Who's Rich Now?
By Compiled by Carole Buia
THE BEAR LEAGUE
They were the envy of their peers when they jumped to dotcoms from stodgy old-economy companies. Oh, well. Not even the Internet can repeal the law of gravity or keep a speculative bubble from bursting.
NAME, TEAM Jeff Bezos, Amazon.com FORMER TEAM D.E. Shaw & Co. PEAK* $13 billion CURRENT** $6 billion INDIVIDUAL STATISTICS Wall Street still waiting for e-tailer's profits
[NAME, TEAM] Richard Braddock, Priceline.com [FORMER TEAM] Citicorp [PEAK*] $2.8 billion [CURRENT**] $1.2 billion [INDIVIDUAL STATISTICS] He can't name his price in the market
[NAME, TEAM] George Shaheen, Webvan.com [FORMER TEAM] Andersen Consulting [PEAK*] $553 million [CURRENT**] $93 million [INDIVIDUAL STATISTICS] Online groceries failing to deliver
[NAME, TEAM] Robert Zollars, Neoforma.com [FORMER TEAM] Cardinal Health [PEAK*] $413 million [CURRENT**] $40 million [INDIVIDUAL STATISTICS] Medical-supplies firm needs doctor
[NAME, TEAM] Robert Davis, Lycos.com [FORMER TEAM] Cambex Corp. [PEAK*] $253 million [CURRENT**] $97 million [INDIVIDUAL STATISTICS] Still playing second fiddle to Yahoo
[NAME, TEAM] Candice Carpenter, iVillage.com [FORMER TEAM] QVC [PEAK*] $113 million [CURRENT**] $14 million [INDIVIDUAL STATISTICS] Founder of women's site takes a tumble
[NAME, TEAM] Bill Razzouk, PlanetRx.com [FORMER TEAM] FedEx [PEAK*] $63 million [CURRENT**] $6 million [INDIVIDUAL STATISTICS] Remedy sales on Net still unhealthy
[NAME, TEAM] David Kansas, TheStreet.com [FORMER TEAM] Wall Street Journal [PEAK*] $13 million [CURRENT**] $1.3 million [INDIVIDUAL STATISTICS] Financial news here not looking so hot
[NAME, TEAM] David Talbot, Salon.com [FORMER TEAM] S.F. Examiner [PEAK*] $8.7 million [CURRENT**] $1.7 million [INDIVIDUAL STATISTICS] Flashy Net journalism isn't paying
[NAME, TEAM] John Hommeyer, Pets.com [FORMER TEAM] Procter & Gamble [PEAK*] $2 million [CURRENT**] $0.5 million [INDIVIDUAL STATISTICS] So many pet sites, so many dogs
*Est. top value of stock options and holdings within 52-week period
**Est. value of stock options and holdings as of April 21
THE BULL LEAGUE
Instead of just sitting there, these folks tended to take their profits and run. After all, what's the sense of being filthy rich if you don't lighten your portfolio or unload your overvalued securities in time?
NAME, TEAM Paul Allen, Microsoft SOLD* $3.8 billion CURRENT** $17 billion INDIVIDUAL STATISTICS Co-founder dumps some shares ahead of antitrust ruling
[NAME, TEAM] Julian A. Brodsky, ICG [SOLD*] $327 million [CURRENT**] $935 million [INDIVIDUAL STATISTICS] Director locks in fortune by selling shares held indirectly
[NAME, TEAM] Marc Bell, Globix [SOLD*] $91 million [CURRENT**] $243 million [INDIVIDUAL STATISTICS] CEO sells before stock sheds two-thirds of its value
[NAME, TEAM] Asim Abdullah, Commerce One [SOLD*] $81 million [CURRENT**] $148 million [INDIVIDUAL STATISTICS] Vice president of B2B player lightens up; sector crumbles
[NAME, TEAM] Daniel Pettit, JDS Uniphase [SOLD*] $70 million [CURRENT**] $328 million [INDIVIDUAL STATISTICS] Senior v.p. books gains with shares of fiber-optic firm flying
[NAME, TEAM] Stratton Sclavos, Verisign [SOLD*] $69 million [CURRENT**] $283 million [INDIVIDUAL STATISTICS] Net security chief takes profits as stock soars above $200
[NAME, TEAM] Kirk Cruikshank, Ariba [SOLD*] $46 million [CURRENT**] $11 million [INDIVIDUAL STATISTICS] E.V.P. of strategic development makes own strategic decision
[NAME, TEAM] Meg Whitman, eBay [SOLD*] $46 million [CURRENT**] $921 million [INDIVIDUAL STATISTICS] With Net auctions hot, ex-Hasbro exec bids up her portfolio
[NAME, TEAM] Joyce Young, Red Hat [SOLD*] $40 million [CURRENT**] 0 [INDIVIDUAL STATISTICS] Aunt of Linux firm's founder gives all her winnings to charity
[NAME, TEAM] William Shatner, Priceline.com [SOLD*] $3 million [CURRENT**] $6 million [INDIVIDUAL STATISTICS] Trekkie pitchman sells just as stock starts back to earth
*Est. value of options exercised and shares sold since Jan. 1 **Est. value of stock options and holdings as of April 21
A LEAGUE OF THEIR OWN
When the dust finally settled, here's how America's three richest men fared
Bill Gates Microsoft Peak $94 billion Current $62 billion
Lawrence Ellison Oracle Peak $62 billion Current $48 billion
Warren Buffett Berkshire-Hathaway Peak $37 billion Current $28 billion
All figures based on latest proxy statements. Sources: Compensation Resource Group; Insiderscores.com industry data