Saturday 16 March 2013

The World's Youngest Billionaires: Under The Ages of 40

Dustin Moskovitz, world's youngest billionaire (scooping the 5th position)

There are 1,426 billionaires in the world this year. They are the wealthiest of the wealthy. But only 29 members of this elite list are under 40 years old, with that exciting combination of money and youth.

Those 29 have a total of $119 billion between them. Ten come from the technology sector, including four from social networking giant Facebook. Eleven come from the United States, the rest from countries abroad. Five are newcomers to the billionaire ranks. We'll only present to you 15 of them...If your name ain't here, Be sure the INEC was behind this. Don't worry, keep hustling hard, maybe you'll get lucky next time. Read the full list below.
No. 1: Mark Zuckerberg
Age: 28
Net Worth: $13.3 billion
Few CEOs of any age are under more media scrutiny than Zuckerberg (who’s only 8 days older than Moskovitz). Since taking Facebook public in May 2012, and getting married days later, the hoodie-wearing founder has seen his net worth rise and fall with every fluctuation of the stock price.

No. 2: Alejandro Santo Domingo Davila
Age: 36
Net Worth: $11.7 billion
A Harvard history grad, Domingo Davila is the eldest son from his jet-setting beer magnate father’s second marriage. Now a managing director at a New York-based investment advisory firm, Alejandro sits on the board of the Metropolitan Museum of Art in New York.

No. 3: Huiyan Yang
Age: 31
Net Worth: $5.7 billion
Yang, the daughter of the founder of real estate developer Country Garden Holdings, is once again China’s richest woman. Her father transferred his stake to the Ohio State grad before the company’s IPO in 2007.

No. 4: Scott Duncan
Age: 30
Net Worth: $5.1 billion
Duncan is the youngest of the four children who inherited the massive fortune of late energy pipeline entrepreneur Dan Duncan, founder of Enterprise Products Partners. Today the company owns more than 50,000 miles of natural gas, oil, and petrochemical pipelines.

No. 5: Dustin Moskovitz
Age: 28
Net Worth: $3.8 billion
Moskovitz, Mark Zuckerberg‘s former roommate, no longer works at Facebook, the social networking giant that he co-founded. A signee of Bill Gates‘ and Warren Buffett’s Giving Pledge, Moskovitz bikes to work, flies commercial, and pitches his own tent at Burning Man.

No. 6: Yvonne Bauer
Age: 35
Net Worth: $2.4 billion
Bauer owns 85% of her family’s publishing empire. She is the fifth generation of the family to run the Bauer Media Group, which was founded in 1875. It publishes 570 magazines in 16 countries.

No. 7: Eduardo Saverin
Age: 30
Net Worth: $2.2 billion
Facebook co-founder Saverin renounced his United States citizenship in 2011, news of which broke days before the company’s IPO and drew accusations of tax evasion. Saverin, immortalized in The Social Network as Mark Zuckerberg’s onetime best friend, settled a lengthy legal battle with Facebook, apparently receiving a 5% stake. A Brazilian citizen, he now resides in Singapore and invests in start-ups.

No. 8: Sean Parker
Age: 33
Net Worth: $2 billion
Parker is revamping his much hyped start-up, Airtime, with the hopes that the video chat site will have the impact of his other Web companies. At 19, Parker skipped college to disrupt the recording industry with music swapping site Napster. He served as Facebook’s first president at age 24.

No. 9: Yoshikazu Tanaka
Age: 36
Net Worth: $1.8 billion
Founder and CEO of social-network game site operator Gree, Tanaka has faced stiff competition this year from archrival DeNA and a game initiative by NTT DoCoMo, the giant cellphone carrier. To get back on track, Tanaka moved to partner with Yahoo Japan and went on a buying spree.

No. 10: Albert von Thurn und Taxis
Age: 29
Net Worth: $1.5 billion
Albert von Thurn und Taxis first appeared in Forbes’ billionaire rankings at age 8 but officially inherited his fortune in 2001 on his 18th birthday. The eligible bachelor is also a race car driver and tours with a German auto-racing league.

No. 11: Marie Besnier Beauvalot
Age: 32
Net Worth: $1.5 billion
Marie, along with siblings Emmanuel, 42, and Jean-Michel, 45, inherited French dairy giant Lactalis, producers of popular Président brie among hundreds of other cheese, milk and yogurt brands.

No. 12: Fahd Hariri
Age: 32
Net Worth: $1.35 billion
Hariri is the youngest son of slain Lebanese Prime Minister Rafik Hariri. He graduated from the Ecole Spéciale d’Architecture de Paris in 2004. While still a student, he ran an interior design studio on the outskirts of the city, and sold furniture to clients in Saudi Arabia.

No. 13: Ayman Hariri
Age: 34
Net Worth: $1.35 billion
Hariri is the son of slain Lebanese Prime Minister Rafik Hariri. He’s involved in running Saudi Oger, one of Saudi Arabia’s biggest construction companies, and the source of the Hariri family fortune.

No. 14: Maxim Nogotkov
Age: 36
Net Worth: $1.3 billion
Nogotkov got his start selling computer programs while in school and later began selling cordless phones. He dropped out of college in order to have more time to focus on building his business. He later founded cell phone retailer Svyaznoy.

No. 15: Jack Dorsey
Age: 36
Net Worth: $1.1 billion
Dorsey made a name for himself as a co-founder and leader of 140-character micro-blogging company Twitter, but most of his fortune is derived from his stake in mobile payment company Square. The New York University dropout is a certified masseur known for his eclectic interests, which include, among other things, punk music and clothes.

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