The 25-year-old is also the fastest to make his first billion.
There are currently 39 self-made billionaires aged 40 and below, says Hurun Report, a monthly publication centering on China’s richest, in its latest release. Facebook CEO Mark Zuckerberg tops the list, with USA and China leading the countries with the most number of youngest billionaires. Technology, quite expectedly, ranks high as the leading source of wealth.
“If they can make thus much before they are even 40, the mind boggles to think what they could do in their lifetime,” says Rupert Hoogewerf, chairman and chief researcher of Hurun Report. “Remember, Bill Gates made his first billion by the age of 31, and has since gone on to create $100 billion in the next 30 years.”
(See Related Topic: The World’s Richest Female Billionaires)
While it will take decades for most of us to attain one’s target net worth, some notable people started young and achieved their first billion in a relatively small amount of time.
‘We have a tie’
Filipino-American Bobby Murphy (whose Filipina mother moved to the US) and his Stanford colleague, Evan Spiegel—the brains behind the popular mobile application Snapchat—made it big in a record-breaking span of three years.
Murphy, 27, and Spiegel, 25, are also considered the youngest billionaires according to the list released by Forbes in 2015. According to a Forbes article penned by J.J. Colao, “Snapchat represents the greatest existential threat yet to the Facebook Juggernaut.” (It was reported that Facebook CEO Mark Zuckerberg also released a similar application called Poke. It hit No. 1 in App Store but was dethroned by Snapchat three days after.)
(See Related Topic: How These Billionaires Made Their First Million)
Cheng Wei, a 33-year-old Chinese techpreneur, also gained his first billion in three years. Wei is the CEO of a cab e-hailing application Didi Dache, which when merged with Kuaidi Taxi was changed to Didi Kuaidi and became the largest taxi app company in China. The app created by the Chemical Technology graduate of Beijing University also made a record of one billion rides in 2015, beating Uber’s record by sixfold, reports said.
|Name||Designation/Affiliation||Net Worth||Years to First Billion|
|Bobby Murphy||Co-founder and CTO of Snapchat||$1.8 billion||3|
|Evan Spiegel||Founder of Snapchat||$2.1 billion||3|
|Cheng Wei||Founder of Didi||$1 billion||3|
|Mark Zuckerberg||CEO of Facebook||$46.9 billion||4|
|Li Weiwei||37Games||$1.3 billion||4|
|Jan Koum||Co-founder of WhatsApp||$9 billion||5|
|Bobby Murphy||Co-founder and CTO of Snapchat||$1.8 billion||5|
|Lin Qi||Chairman of Youzu Interactive||$1.8 billion||5|
|Travis Kalanick||CEO of Uber Technologies||$6.2 billion||6|
|Garrett Camp||Co-founder of Uber Technologies||$6.2 billion||6|
|Jack Dorsey||Founder and CEO of Twitter||$1.24 billion||6|
|Naruatsu Baba||Founder and CEO of Colopl||$1.34 billion||6|
|Yoshikazu Tanaka||Founder and CEO of Gree International||$1.04 billion||6|
|Dustin Moskovitz||Co-founder of Facebook||$9.4 billion||7|
|Eduardo Saverin||Co-founder of Facebook||$6.5 billion||7|
|Sean Parker||Co-founder of Facebook||$2.4 billion||7|
|Joe Gebbia||Co-founder and CPO of Airbnb||$3.3 billion||7|
|Nathan Blecharczyk||Co-founder and CTO of Airbnb||$3.3 billion||7|
|Zhou Yahui||Kunlun Tech||$2.2 billion||7|
|Yusaku Maezawa||Founder of Start Today||$1.94 billion||7|
|Wang Yue||CEO of Shanghai Kingnet Technology||$1.1 billion||7|
–Diana Lyn Balbalosa