By Polly Raymond, 26 April 2000 12:56
NEWS Bill Gates has lost the mantle of the world's richest man and also faces the possibility of dropping beneath arch-rival Larry Ellison in US magazine Forbes' rich list. The Microsoft chairman's personal fortune has shrunk from $90bn to $49.4bn because of the damning Department of Justice anti-trust verdict and recent stock market dip impacting on his company's share price. Meanwhile Ellison's worth has grown to $48bn as Oracle stock has leapt by 544 per cent over the past year. Oracle is launching its latest offerings for the enterprise computing market today in the form of two software and services packages that will support corporate finance and human resources operations. The software is part of the company's FastForward group of applications, which it claims can speed up the installation of corporate ERP systems.
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