Tuesday 25 August 2015

WORLD'S RICHEST BILLIONAIRE'S UNDER 35 AND HOW THEY MADE THEIR MONEY

Facebook founder Mark Zuckerberg - boasting a massive $41billion fortune - has topped a list revealing how the world's richest young billionaires have generated their staggering wealth.

Among those to feature in the world's top 20 billionaires under the age of 35 are the brilliant young entrepreneurs responsible for start ups such as Snapchat, Airbnb and Facebook.

However, many others have inherited old money - companies, fortunes and vast real estate empires passed down from their parents, and in some cases, their grandparents.

Dwarfing the fortunes of all others on the list is Zuckerberg, 31, who founded Facebook in 2004, and is now worth an estimated $41.6bn.

His nearest competitor on the list is his 31-year-old co-founder Dustin Moskovitz, who, like Zuckerberg, is self made, but has only earned a comparatively paltry $9.3bn.

The figures, compiled by Wealthx.com, offer remarkable insight into those who earned their fortunes through their own enterprise, while others inherited the reins of massive multinationals.


1. Facebook founder Mark Zuckerberg tops the list with a fortune more than four times that of any other. Controlling a massive $41.6bn, at the age of 31 he easily remains the world's richest young billionaire.

2. Following Zuckerberg is Facebook co-founder Dustin Moskovitz, who is worth $9.3bn thanks to his retention of a set of Facebook shares. Aged 31, he has since left Facebook to found start up Asana.

3. In third place sits Huiyan Yang. Heir to her father's massive mainland China real estate empire, she boasts a $5.9bn fortune and as a member of the governance board of Country Garden, is a fierce businesswoman in her own right.

4. In fourth place is Eduardo Saverin - whose legal battle and personal falling out with Zuckerberg was documented in the film The Social Network. He is worth $5.3bn and is aged 33.

5. Coming fifth is Scott Duncan - the heir to a family fortune who received vast wealth after his father's death in the form of Enterprise Products - an oil and gas pipeline company. However, as a investor, he has increased his wealth substantially in recent years.

6. In sixth place sits Elizabeth Holmes - the world's second richest woman under 35. The entrepreneur created Theranos at the age of 19 and went on to revolutionise her industry by standardising blood tests.

7, 8, 9: Following Holmes are the brains behind Airbnb. The website's meteoric rise has changed the landscape of accommodation providers, earning 32 and 33-year-old founders Nathan Blecharczyk, Brian Chesky and Joe Gebbia a cool $3bn each.

10: Tom Persson, aged 30, is the youngest heir to clothing company H&M. Worth $2.7bn, he came 10th in the list and works in the film industry.

11. Fuli Zong, a 33-year-old businesswoman from China, controls a majority stake alongside her parents in the company Hangzhou Wahaha Group. Worth $2.7bn, she operates as the purchasing manager for what is the largest beverage producer in China.

12. She is followed closely on the list by Chinese businessman Xiang Sun - who is the 33-year-old president of Sinogiant Group - an organisation that specialises in finance and trading.

13, 14: In thirteenth and fourteenth places are Julio Mario Santo Domingo Jr, 30, and Tatiana Casiraghi, 31 - heirs to Santo Domingo Group, a massive conglomerate of more than 100 companies created by their Colombian businessman father. They are each worth $2.2bn.

Snapchat creators Bobby Murphy (left) and Evan Spiegel are worth $1.9bn each, and at the tender age of 25, Spiegel is the youngest person to make the list

15, 16: Snapchat creators Evan Spiegel and Bobby Murphy also make the list for the massively popular app which enables users to send videos and pictures to one another. Aged 25 and 26 respectively, the app has handed them each a fortune of $1.9bn.

17, 18, 19: Norwegian siblings Carl Erik Hagen, Caroline Hagen Kjos and Nina Camilla Hagen Sorli - all of whom are the beneficiaries of family company Canica and worth $1.5bn each - make the lower end of the list. Run by their father Stein Erik Hagen, Canica holds large stakes in several companies, including investment conglomerate Orkla, of which Hagen is also chairman.

20: Adrian Cheng, the 32-year-old grandson of Hong Kong businessman of Cheng Yu-tung, is heir to a vast fortune originally generated by his grandfather's jewellery business. He comes in 20th place and is worth $1.4bn.

No comments:

Post a Comment