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One is dead, and the other has long since departed the corporate world for charitable pursuits.

The rivalry between Steve Jobs and Bill Gates that dominated the computer industry for decades is over. With his net worth of billion, Gates still sits atop the Forbes 400 list of richest Americans, as he has since 1995.

So why are Microsoft founders so rich even as their company’s lost pole position?

Because meritocracy is a myth, even at the highest levels of the American economy.

He then made a whole new fortune for himself by obtaining a majority stake in Pixar in 1986.

He came back to Apple relatively cheaply by selling Next Software in a 0 million acquisition that left Jobs owning a far smaller slice of Apple than is typical for a high-tech founder.

A few years after his return to Apple, the company tried to reward him by illegally backdating stock options but got caught in the process. As of his death, the Jobs fortune was mostly Disney stock obtained when the studio bought Pixar—unrelated to his role in founding and managing the world’s most successful technology company.

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But Apple dwarfs those numbers with .8 billion in profit and a 0 billion market capitalization.Comfortable with its lead in PCs, Microsoft has never been able to follow Apple into the world of mobile devices like phones and tablets.

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