The latest Fortune magazine “rich list” includes lots of computer wizards whohave made a fortune, including an Iowan. Gateway computer founder Ted Waitt is ranked at number 26 on the list ofrichest Americans. Fortune magazine estimates Waitt is worth six-point-twoBillion dollars. Waitt, who’s now 36 years old, founded Gateway in SiouxCity, then moved it across the border to South Dakota, where there’s a lowerstate tax burden. Many of the company’s corporate functions have been movedto La Jolla, California. Ted Waitt’s brother, Norman, has a one-and-a-halfBillion dollar Gateway-gained fortune, and he’s number one-hundred-59 on themagazine list. Microsoft founder Bill Gates sits atop the rankings with 85Billion dollars in net worth.
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