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Saturday, July 4, 2015

12 globe's richest youngsters 2015.

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There are 1,826 billionaires on the recent Forbes list. Out of this, 46 are still under the age of 40 and about half of them made their fortune in the tech industry. But it's the youngest of the young moneymakers who make for the most interesting reading.

According to Forbes, three new billionaires have managed to achieve their ten-figure status before cracking the age of 30: Snapchat co-founders Evan Spiegel (24) and Bobby Murphy (26) join beer heir and DJ Julio Mario Santo Domingo, 29, on the global richlist.

Snapchat CEO Evan Spiegel is officially the world’s youngest billionaire - not bad for someone who's made his fortune off an ephemeral photo messaging app.

After meeting co-founder Murphy at Stanford University and suffering through their flopped first photo app together, the significantly more successful Snapchat app is now used by 100 million people every month.

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Facebook CEO Mark Zuckerberg 30-year-old, made his own fresh-faced debut at the of age 23. He is now the 16th richest person in the world, reportedly worth $33.4-billion. Among some of the other self-made new additions are Uber's Travis Kalanick, and Airbnb duo Nathan Blecharczyk and Brian Chesky. Joining them is blood test developer Elizabeth Holmes, one of nine women on the young billionaires list, and at 31, the youngest self-made woman in the world.

Evan Spiegel, Age: 24, Net worth: $1.5-billion
Evan Spiegel
Evan Spiege
Evan Spiegel is the CEO of Snapchat, the temporary photo messaging company he co-founded with Bobby Murphy in 2011. The company, which was valued at $10-billion in 2014, was reported in February to have received offers to nearly double that valuation to $19-billion. In December, Spiegel earned rave reviews from tech peers and press for his business acumen after some emails written by the young CEO were made public in the fallout from a major hack of Sony Entertainment. After growing up comfortably in the Los Angeles area, Spiegel studied product design at Stanford University and met Murphy at the Kappa Sigma frat house, who was two years ahead of him and studying math.

  


Bobby Murphy, Age: 26, Net worth: $1.5-billion

Bobby Murphy
Bobby Murphy
Bobby Murphy and Stanford University buddy Evan Spiegel together founded mobile app Snapchat. Forbes estimates that Murphy has a stake of at least 15% in the company, valued at $10-billion in 2014. After meeting Spiegel at Stanford's Kappa Sigma frat house, the two eventually developed an app that could send photo messages to contacts with a timer that would remove them in 10 seconds or less and called it Picaboo - and it flopped. Rebranded as Snapchat, the app took off in the fall of 2011 and is now used by more than 100 million people monthly, for free.





Julio Mario Santo Domingo III, Age: 29, Net worth: $2.2-billion
Julio Mario Santo Domingo III is a New York City disc jockey who is one of four heirs to his namesake grandfather's Colombian beer fortune. Julio Mario Santo Domingo, who died in 2011, owned Bavaria Brewery but sold it in 2005 for 15% of SABMiller. Forbes obtained new information this year that he left one-sixth of his fortune to his grandson, whose father Julio Mario Jr. had died in 2009. Today Julio Mario Santo Domingo III lives in a $4-million apartment in New York City and spends his time promoting his DJ group Sheik 'n' Beik, which throws late-night electronic music parties in Manhattan.

Mark Zuckerberg, Age: 30m Net worth: $33.4-billion
Facebook co-founder and CEO Mark Zuckerberg has led his social network to new heights, even as some younger users have grown tired of it. Revenue grew 58% in 2014 to $12.5-billion, supported by a jump in mobile ads. Some 1.4 billion people around the globe are on Facebook, and those users are watching 3 billion videos a day on the site. Its Instagram unit has more than 300 million users, while mobile messaging app WhatsApp, which it purchased for $19-billion in cash and stock in 2014, has 700 million users and is growing. Zuckerberg is aiming to turn virtual reality headset maker Oculus VR, for which it paid $2-billion in 2014, into a next generation computing platform.

 Dustin Moskovitz, Age: 30, Net worth: $7.9-billion

Dustin Moskovitz
As Facebook's third employee, Dustin Moskovitz helped kickstart the social network with roommate Mark Zuckerberg from their Harvard dorm. He dropped out of school after two years and joined Zuckerberg in Palo Alto to develop Facebook. He left the company in 2008 to start Asana, a software firm. Moskovitz is now married to former Wall Street Journal reporter Cari Tuna. Together, the couple has devoted some of their time to building Good Ventures, which has given millions of dollars to causes that range from
 malaria eradication to marriage equality.
 

Tom Persson
Tom Persson
Tom Persson, Age: 30, Net worth: $3-billion

Europe's youngest billionaire, Tom Persson, is the third generation in the H&M-clan, which has five members on the billionaires list. Born in 1985, he just graduated from Met Film School in London, and has moved back to Stockholm to start smaller movie production companies. Tom is the son of Sweden's richest man, Stefan Persson, chairman of H&M, and brother to Karl-Johan Persson, CEO since 2009. His grandfather, Erling Persson, founded H&M in 1947.





Anton Kathrein, Jr
Anton Kathrein, Jr., Age: 30 , Net worth: $1.7-billion
A pioneer in automotive antennas in the 20th century, Kathrein-Werke - Anton Kathrein, Jr. is the third generation to lead the company - has become a key player in mobile communications as service providers have expanded their networks to accommodate rapid growth in data traffic and users. With revenue of more than $1.6-billion in 2013, it makes the cables, antennas and receivers that allow cell phone signals to bounce across the world.



Elizabeth Holmes
Elizabeth Holmes
Elizabeth Holmes, Age: 31, Net worth: $4.5-billion
Elizabeth Holmes makes her debut on the list as the youngest self-made woman billionaire. She dropped out her sophomore year of Stanford University to found Palo Alto, California-based blood testing company Theranos in 2003 with money she saved for college. With a painless prick, her labs can quickly test a drop of blood at a fraction of the price of commercial labs which need more than one vial. Theranos has raised $400-million from venture capitalists, valuing the company at $9-billion, and Holmes' 50% stake at $4.5-billion.




 Tatiana Casiraghi, Age: 31, Net worth: $2.2-billion
Tatiana CasiraghiTatiana Casiraghi is a billionaire heiress and member of Monaco's royal family, married to Andrea Casiraghi, who is reportedly second in line to the throne. Although she married into royalty, Tatiana was rich long before her wedding. Her grandfather Julio Mario Santo Domingo had owned Colombian brewery Bavaria before trading it for 15% of SABMiller in 2005. Six years later he died, leaving one-sixth of his inheritance to Tatiana and an equal amount to her billionaire brother Julio Mario Santo Domingo III, a DJ in New York.




Nathan Blecharczyk, Age: 31, Net worth: $1.9-billion
Nathan Blecharczyk Nathan Blecharczyk is co-founder and chief technology officer of Airbnb, which lists 1,000,000 homes (or rooms in people's houses or apartments) for rental stays; 30 million guests have used the service since it launched in 2008. Airbnb raised $450-million in April 2014, valuing the company at $10-billion and Blecharczyk's stake at $1.5-billion. It's since inched up in an employee share sale that valued the company at $13-billion in October 2014.


Ryan Graves, Age: 31, Net worth: $1.4-billion

Ryan Graves was the first employee hired at Uber, the ride-hailing service now valued at $41.2-billion. Uber is competing with taxi services across the US and in 53 other countries around the world. The often-controversial company is banned in several countries including Spain and was temporarily banned in India as it battles regulators and safety concerns. In early 2015 the company said it would step up its co-operation with city governments in Europe, where it plans to grow. Graves joined Uber in 2010 when Travis Kalanick (who is now worth $5.2-billion, but at 38 years old features much later in the full list) Uber's co-founder and current CEO, tweeted that he was looking for a product manager.


Drew Houston, Age: 31, Net worth: $1.2-billion
Drew Houston Dropbox co-founder and CEO Drew Houston is one of Silicon Valley's newest boy-wonder billionaires. He's barely out of his 20s, but his San Francisco-based tech company's latest round of funding values it at around $10-billion. Houston co-founded the cloud-based file-sharing service with Arash Ferdowsi in 2007. Investors include venture capital firms Sequoia Capital, Index Ventures and Accel Partners as well as Goldman Sachs and BlackRock. Houston started tinkering with computers at the age of five and has been involved in startups since high school.


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