Tuesday, 18 June 2013

The Top 10 Youngest People to Become Billionaires

The Top 10 Youngest People to Become Billionaires
They are young and they have set the world on fire with the billions that they own.
Here is a list of the top 10 youngest people to become billionaires.

10. Ayman Hariri, $1.35 billion – 34 years old

Ayman Hariri is one of the sons of Rafic Hariri, the former Prime Minister of Lebanon who was killed by extremist Hezbollah forces in 2005. Ayman is connected with Saudi Oger, one of the biggest construction companies in Saudi Arabia that is the source of the family’s wealth. Saudi Oger is currently building a local branch of the Louvre Museum in Abu Dhabi. He also has shares in Turk Telekom through Saudi Oger, as well as ownership in several banks in the Middle East, like the Arab Bank of Jordan.

9. Sean Parker, $2 billion – 33 years old

Sean Parker was one of the founders of Napster, that popular file sharing application
that almost brought down the entire music industry. It is considered to be the fastest
growing business of all time, amassing tens of millions of users within a year of
its introduction. He also served as the first President of Facebook and co-founded
Airtime, Causes and Plaxo. He is currently on the Board of Directors of technology
firms like Spotify and Yammer. He also serves as the Managing Partner of The
Founders Fund.

8. Marie Besnier Beauvalot, $1.5 billion – 32 years old

Marie Besnier Beauvalot is one of the owners, along with her siblings Emmanuel and
Jean-Michel, of Lactalis, a dairy giant from France that owns hundreds of brands of
cheese, milk and yogurt products. This includes the popular President cheeses. In
2011, the family was able to purchase Parmalat, a publicly traded milk manufacturer
from Italy that collapsed eight years before that resulted into its founder being sent to

7. Fahd Hariri, $1.35 billion – 32 years old

Fahd Hariri is the youngest son of the founder of the Hariri family dynasty from
Lebanon. He used to be a resident of Paris, where he got a degree in architecture
before setting up an interior design shop that sells furnishings to clients in Saudi
Arabia. After the assassination of his father, Fahd decided not to return to Lebanon,
moving to Dubai instead. He has, however, inherited his father’s keenness on the
construction industry, serving as Chairman of Oger Dubai, a subsidiary of Saudi
Oger. He also heads the property portfolio arm of the company. The company has
been tasked with a five-star hotel in Abu Dhabi and an urban project in Dubai. He is
also a Director in Beirut’s Future Television Network.

6. Yang Huiyan, $5.7 billion – 31 years old

US-Magazin "Forbes": 26-jährige Yang Huiyan reichste Frau Chinas und Asiens
Yang Huiyan owns 46 percent of Country Garden Holdings, a real estate developer
founded by her father who transferred his shares to her in 2007. She graduated from   Ohio State University. The company has around 110 projects in China, mostly located in the province of Guangdong. It also has 29 hotels and plans to add around 17 more. The company has also been aggressively adding to its land holdings in Malaysia.

5. Eduardo Saverin, $2.2 billion – 30 years old

Eduardo Saverin was famously depicted in the movie “The Social Network” as the
best friend of Mark Zuckerberg during the time that Facebook was just starting out.
He sued after he was unfairly and unceremoniously kicked out of the company.
He eventually settled for a five percent stake. In 2011, he renounced his American
citizenship, just days before Facebook had its initial public offering. He now resides
in Singapore where he regularly invests in start up companies.

4. Scott Duncan, $5.1 billion – 30 years old

Scott Duncan is one of the four Duncan siblings that own Enterprise Products
Partners. Their father, the late Dan Duncan, who made a name in energy pipeline
entrepreneurship, established the company. The immense wealth of the family
comes from the fact that the company owns more than 50,000 miles of pipelines of
oil and natural gas.

3. Albert von Thurn und Taxis, $1.5 billion – 28 years old

Albert von Thurn und Taxis traces his blood line to the thrones of both the Thurns
and the Taxis. He actually became a billionaire when he was just eight years old. He
has assets in a technological company and in the arts. He also has substantial real
estate holdings, including 30,000 hectares of woodland in Germany. He races cars
for both pleasure and as a living. He is part of the German autoracing league.

2. Mark Zuckerberg, $13.3 billion – 28 years old

Mark Zuckerberg is the founder of Facebook and his exploits in developing it has
already been immortalized in the movie “The Social Network.” His net worth has
actually been fluctuating up and down since the May 2012 debut of Facebook in the
stock market. The price of the share hit a low of below $20 in the third quarter of last
year. It has since rebounded strongly on the back of expectations of strong numbers
on mobile advertisements in the site. He has committed to be an active part in the
Giving Pledge spearheaded by Warren Buffett and Bill Gates, donating 18 million
shares of Facebook for the education initiatives of the Silicon Valley Community
Foundation. The equivalent price amounted to almost half a billion dollars, one
of the largest donations to the education sector in 2012. He is also active in the
political front, supporting the re-election campaign of Chris Christie for the position of
Governor of New Jersey.

1. Dustin Moskovitz, $3.8 billion – 28 years old

Dustin Moskovitz used to be the roommate of Mark Zuckerberg in Harvard
University. Like Zuckerberg, he dropped out of school to become the third employee
of Facebook. He even moved to California to work in the social networking giant on a full time basis. He left the company in 2008, though he still owns up to now five percent of all shares. He then established Asana, a software firm dedicated to improving how people work with project collaboration tools.