Top 10 youngest billionaires in 2012


Thursday, 15th March 2012 - If you thought that being rich was for the old, think twice. Thanks to the digital technology, we have some of the richest people in the world. The Forbes Magazine compiled a list of the youngest billionaires who range from 26-34. Have a look at their net worth.


1. Mark Zuckerberg
 26 years, United States - Net Worth: $17.5 billion
This Harvard dropout is Facebook’s cofounder and chief executive. He shared a dinner table with the USA president Barrack Obama and the late Steve Jobs in his early 20’s and has been praised for creating a worldwide innovation. Over the last year, the 26-year-old’s fortune surged 238% to $13.5 billion as investments from firms like Goldman Sachs boosted Facebook’s valuation to $50 billion.

2. Yang Huiyan
Age: 29, China, net Worth: $4.1 billion
This young Chinese woman got lucky when her father transferred his holdings in Country Garden Holdings of Guangzhou. This company is one of China’s largest property developers. It later went public in 2007.  Yang graduated from Ohio State University with a degree in marketing and logistics.

3. Dustin Moskovitz
26 years, United States, Net Worth: $3.5 billion
Dustin has been ranked as the world’s youngest billionaire. Interestingly, he was Zuckerberg’s Harvard roommate and Facebook’s third employee. The two buddies dropped out of school and went to work for the social networking firm full time; he was its first chief technology officer and then vice president of engineering. The age difference between the two is just eight days. In 2008, he started Asana, a software company that allows individuals and small companies to collaborate better.

4. Scott Duncan
28 years, United States, Net Worth: $3.4 billion
Scott is the son to the late Dan Duncan. In March 2010, he assumed control of his father’s $12.4 billion pipeline empire who passed away at the age of 77. 

5. Yoshikazu Tanaka
34 years, Japan, Net Worth: $2.2 billion
Tanaka is a Japanese who is the founder of Gree -Japan’s largest social networking site. He is set to expand business in California. The Forbes Magazine reported, “On global expansion kick–working with Tencent, largest Internet service portal in China. Stock up 35% in past year. Started out at Sony; worked for fellow billionaire Hiroshi Mikitani at online shopping site Rakuten. Left in 2004 to set up Gree at a tech incubator; company name inspired by American social psychologist Stanley Milgram’s concept of “six degrees of separation.” Transitioned site into mobile gaming to better compete with rivals.”

6. Sean Parker
United States, Age: 30, Net Worth: $2.1 billion
Sean is a former Facebook president and is now Silicon Valley strategist. He owns about 3% on the social media. He was played by Justin Timberlake in the movie, The Social Network.  At the age of 19, he  cofounded Napster, a music sharing service that brought free music to the masses and helped trigger the record industry’s precipitous decline.

7. Eduardo Saverin
29 years , United States, Net Worth: $2 billion
Saverin is one of Zuckerberg’s friends who had luck befall on him after they started Facebook at Harvard. He received a 30% stake in the company. However, the two had a fallout when Facebook sued Saverin for allegedly interfering with business and insisting on keeping 30% stake.  Saverin countersued and the parties settled, Saverin apparently getting a 5% stake and a cofounder bio on Facebook’s site. Rumor has it that Saverin has been selling shares and now holds 2%. 

8. Albert von Thurn und Taxis
27 years, Germany, Net Worth: $2 billion
Albert officially inherited fortune in June 2001, on his 18th birthday. The German young man lives in a family castle in Schloss Emmeram. He has an M.A. in economics and theology from the University of Edinburgh in Scotland. He aims at building one of the world’s largest solar farms in Bavaria, southern Germany, to sell electricity. So what does he own? Real estates, art and a tech company, 30,000 hectares of woodland in Germany.  

9. Ayman Hariri
32 years, Lebanon, Net Worth: $1.5 billion
The brother to Fahd, who is son of slain Lebanese Prime Minister Rafik Hariri. The Forbes Magazine reported, “Ayman sits on the board of Saudi Oger, a construction, telecom and real estate conglomerate. Oversees group’s construction division, which is behind mega projects such as Princess Noura Bint Abdulrahman University for Women and King Abdullah Financial District. Sits on the board of 3C Telecommunications, a South African mobile operator which is majority-owned by Saudi Oger.”

10. Fahd Hariri
Age: 30, Lebanon, net Worth: $1.5 billion
Fahd is the youngest son of slain Lebanese Prime Minister Rafik . After his father’s death in 2005, Hariri inherited stake in his father’s construction, telecom and real estate conglomerate Saudi Oger. He now lives in Paris. Together with his family, they own Future TV, a satellite and terrestrial television network covering the Middle East. 

The Kenyan DAILY POST

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