America’s Billionaires under 40
Bill Gates and Michael Dell made their debuts on the list of those getting rich at young age, at age 30 with a net worth of $ 315 million in 1986 and age 26 respectively. It seems that technology, especially the Internet, has long been the best bet for getting rich at young age. Facebook co-founder Mark Zuckerberg, Dustin Moskovitz, and Eduardp Saverin have joined the new list of America’s richest for the first time, bringing down the average age of America’s richest ever to 65.7. Dustin Moskovitz is the world’s youngest billionaire, 8 days younger than 26-year-old Mark Zuckerberg. Here is a look at the youngest billionaires.
Mark Zuckerberg’s net worth jumped to $ 6.9 billion, making him worth nearly five times as much as Moskovitz. This Facebook cofounder owns 24% share of Facebook. He was named number 1 on Vanity Fair’s list of the Top 100 “most influential people of the Information Age” for 2010.
Net Worth: $ 6.9 billion
Dustin Moskovitz is one of three co-founders of the social networking website Facebook in their Harvard University dorm room in February 2004. He owns a 6% share of Facebook, giving him a net worth of US$ 1.4 Billion. This first chief technology officer stated Asana which allows individuals and small companies to better collaborate.
Net Worth: $ 1.4 billion
Eduardp Saverin once owned a one-third stake in Facebook. He now owns a % share of Facebook, worth US$ 1.3 billion as of October 07, 2010. The Facebook co-founder is depicted in the film “The Social Network” which features the relationship between him and Zuckerberg from the creation of Facebook to Saverin taking legal action against Zuckerberg.
Net Worth: $ 1.15 billion
Along with Larry Page, Sergey Brin is best known as the co-founder of the world’s largest Internet company, Google, Inc. He met Larry in computer science Ph.D. program at Stanford and dropped out in 1998 to start Google. He was referred as an “Enlightenment Man” and someone who believes that “knowledge is always good, and certainly always better than ignorance”.
Net Worth: $ 15 billion
The former Enron oil trader John Arnold went into business for himself founding Houston-based hedge fund Centaurus with his previous year\’s $ 8 million bonus after Enron collapsed in 2002. His hedge fund focuses on natural gas, energy trading. His company now has as much as $ 3 billion in assets under management.
Net Worth: $ 3.3 billion
Daniel Ziff, the son of William B.Ziff, Sr, was the co-founder of Ziff Davis publishing empire (PC Magazine, Car & Driver, Boating). He is one of three principals of Ziff Brothers Investments in Manhattan and Greenwich, Connecticut. Dirk Ziff, Robert Ziff, and he were listed on the 2007 Forbes 400 list with a net worth of approximately $ 15.5 billion.
Net Worth: $ 4 billion
Larry Page along with Sergey Brin founded Google, Inc. in 1998. He ran Google as co-president until 2001 and earns an annual compensation of one dollar. He is a board member of the X Prize Foundation.
Net Worth: $ 15 billion Age: 37
Millionaires dropped out of high school
Top Youngest Billionaires in the World
Economics is the study of our lives,our jobs, our homes, our families and the little decisions we face every day. Thus, I am keen on reading and studying economic issues.