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Top 7 Youngest Billionaires in 2010
We already published a couple of post about the richest people in 2010 (Top 7 Richest People in the World in 2010 and Top 7 American Billionaires in 2010), but when we posted the last article about this theme (Top 7 American Billionaires in the Making), it was very interesting to know that the number one on this list (Sean Parker), even though he was related to Napster and Plaxo in the past, his actual fortune come from Facebook (estimated fortune of $920 million with just 30 years old). This brought me the curiosity to investigate about the Top 7 Youngest Billionaires in 2010:
1. Mark Zuckerberg
Net worth: $4 billion
Age: 25
Fortune: self made
Source: Facebook
Country of citizenship: United States of America
Residence: Palo Alto, California
Education: Harvard University, drop out
Marital status: single
World’s youngest billionaire leading his addictive social networking site Facebook to an inevitable public pay-day. Firm became “cash-flow positive” last year, instituted dual-class voting structure akin to what Google put into place before it held its 2004 offering. Fresh-faced entrepreneur launched Facebook from Harvard dorm room in 2004. Left school for Silicon Valley later that year; bagged initial $500,000 investment from PayPal cofounder Peter Thiel. Last May Russian investment firm Digital Sky agreed to buy stock from Facebook employees; deal priced company at $10 billion. Shares continue to change hands on private equity exchange SecondMarket; recent transactions put the value at upwards of $15 billion. Growing rapidly: in past 12 months user base has surged 130% to 400 million.
2. Albert von Thurn und Taxis
Net worth: $2.2 billion
Age: 26
Fortune: inherited
Source: diversified
Country of citizenship: Germany
Residence: Regensburg
Education: University of Edinburgh, BA / Science. University of Edinburgh, Master of Arts
Marital status: single
First appeared in Forbes’ ranks at age 8 but officially inherited fortune in June 2001 on his 18th birthday. Went to high school in Rome; in June 2008 received an M.A. in economics and theology from the University of Edinburgh in Scotland. But hardly needs to earn his keep. Assets include real estate, art and a tech company and 30,000 hectares of woodland in Germany, one of the largest forest holdings in Europe. Despite local opposition is apparently going ahead with plans to build one of the world’s largest solar farm in Bavaria, southern Germany, and sell electricity. Lives in family castle, Schloss Emmeram. Eligible bachelor is also a race car driver; tours with a German auto-racing league.
3. Yang Huiyan
Net worth: $3.4 billion
Age: 28
Fortune: inherited
Source: real estate
Country of citizenship: China
Residence: Foshan
Education: Ohio State University, BA / Science
Marital status: married
Yang’s wealth is up to $3.4 billion from $2.3 billion in the past year but still well below her 2007 net worth of $16.2 billion when she was China’s richest person. Her fortune is tied up in her holding in Guangdong developer Country Garden, run by her father Yeung Kwok Keung, who transferred the shares to her before the firm’s 2007 public offering. Ohio State grad is now apparently responsible for supervising the company’s procurement and resource strategies. The company continued to expand its investments outside of Guangdong in January through a winning bid for a land plot in the central Chinese city of Wuhan.
4. Fahd Hariri
Net worth: $1.4 billion
Age: 29
Fortune: inherited
Source: construction, investments
Country of citizenship: Lebanon
Residence: Paris
Education: N/A
Marital status: single
Youngest son of slain Lebanese prime minister Rafiq Hariri inherited stake in his father’s massive construction, telecom and real estate empire Saudi Oger after his death in 2005. Serves on board of family’s Future TV, a satellite and terrestrial television network covering the Middle East. Hariri, who reportedly lives in Dubai, is involved in UAE projects including a five-star hotel due to open in Abu Dhabi in 2011.
5. Li Zhaohui
Net worth: $1.0 billion
Age: 29
Fortune: inherited
Source: Manufacturing
Country of citizenship: China
Residence: Wenxi
Education: N/A
Marital status: N/A
Took over as chairman of Shanxi Haixin Iron & Steel Group after father was shot in 2003. Haixin, based in Shanxi province, is one of China’s biggest private steel manufacturers. Products include pig iron, crude steel, billet and cement. Total assets are $1.2 billion; company employs 7 200. Since taking over, Li has also diversified into finance; group now has stakes in Beijing’s Yinhua Fund Management, Minsheng Insurance, and brokerage firm Shanxi Securities. Li, who spends a lot time in Beijing, reportedly married Chinese actress Che Xiao in January.
6. Aymin Hariri
Net worth: $1.4 billion
Age: 31
Fortune: inherited
Source: construction, investments
Country of citizenship: Saudi Arabia
Residence: Riyadh
Education: Georgetown University, BA / Science
Marital status: married, 1 child
Son of slain Lebanese prime minister Rafiq Hariri, inherited stake in his father’s massive construction, telecom and real estate empire Saudi Oger after his death in 2005. Now based in Riyadh, helps oversee family’s investments in telecom, media and real estate while older brother Saad carries on political legacy as Lebanon’s prime minister. Georgetown-educated engineer got start at global fixed-satellite-provider Intelsat. Now chairs U.S. identity-software management firm Epok, which sells to federal and state customers. Also serves on board of South African mobile phone operator Cell C.
7. Yoshikazu Tanaka
Net worth: $1.4 billion
Age: 33
Fortune: self made
Source: social networking
Country of citizenship: Japan
Residence: Tokyo
Education: Nihon University
Marital status: N/A
World’s second-youngest self-made billionaire after Facebook’s Mark Zuckerberg, Tanaka also made his fortune from a social networking site, Gree. He started out at Sony, then 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.” Eventually transitioned the site into mobile gaming to better compete with rivals. Attracting around a million new subscribers a month, who pay for virtual clothes and accessories for online avatars that participate in social games on their mobile phones. Named his conference rooms Sunnyvale and Mountain View, after the locations of Yahoo’s and Google’s headquarters.
Source: Forbes23 comments
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