Wednesday, 6 March 2013

The World's Youngest Billionaires: 29 Under 40

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. Read the full list below.

No. 1: 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. 2: 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. 3: 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. 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.
The World’s Billionaires The names, numbers and stories behind the 1,426 people who control the global economy. In Pictures: The Richest People on the Planet

No. 5: 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 startups.

No. 6: 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. 7: 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 Sp├ęciale 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 tclients in Saudi Arabia.

No. 8: 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 Pr├ęsident brie among hundreds of other cheese, milk and yogurt brands.

No. 9: 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. 10: 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. 11: 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. 12: 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
No. 13: 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. 14: 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. 15: Jack Dorsey
Age: 36
Net Worth: $1.1 billion
Dorsey made a name for himself as a cofounder and leader of 140-charactermicroblogging 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.
No. 23: Kostyantin Zhevago
Age: 39
Net Worth: $1.5 billion
Son of a mining engineer, Kostyantin Zhevago took over Poltava Iron Ore, the largest exporter of pellets in CIS, at the age of twenty two, and in 2007 he took his mining company Ferrexpo public. An avid soccer fan, Zhevago owns FC Vorska football.

No 24: Dan Gertler
Age: 39
Net Worth: $2.2 billion
An emerging face of irresponsible capitalism in Africa, Dan Gertler took his family’s fortune in diamonds and invested it in mining assets in the Democratic Republic of Congo. While in his 20s, he became a friend of Joseph Kabila, who then ran the military and is now the DRC’s president.

No. 25: Ana Luia de Mattos Barretto Villela
Age: 39
Net Worth: $1.15 billion
Ana Lucia de Mattos Barretto Villela belongs to one of Brazil’s oldest and most distinguished banking families. She is one of the largest individual shareholders of a holding company that controls Unibanco Holding S.A., one of Brazil’s largest banks.

No. 26: Lee Seo-Hyun
Age: 39
Net Worth: $1 billion
She is the youngest daughter of Samsung Chairman Lee Kun-Hee. A graduate of the Parsons School of Design, she is vice president of the luxury goods and fashion division of Cheil Industries (part of the Samsung Group), as well as a vice president at Cheil Worldwide, Korea’s largest advertising firm.

No. 27: Fang Wei
Age: 39
Net Worth: $1.5 billion
Fang Wei is best known for buying turnaround situations, especially those in the steel industry. Fangda Group now has more than 30,000 employees across more than 10 provinces in China.

No. 28: Sergey Brin
Age: 39
Net Worth: $22.8 billion
The Google cofounder is now director of special projects at the Mountain View, Calif. search giant, leaving his counterpart Larry Page to handle most day-to-day operations. Brin oversees the company’s foray into hardware and futuristic endeavors like driverless cars and augmented reality spectacles known as Google Glass.

No. 29: Larry Page
Age: 39
Net Worth: $23 billion
Google’s cofounder and CEO since April 2011, Page saw the company through the $50 billion revenue milestone in 2012. The stock rose nearly 30% in the past year, adding more than $4 billion to Page’s net worth.

An earlier version of this article incorrectly stated that there are 23 billionaires under 40 years old on the Forbes Billionaires list. It has been updated to reflect the change.

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