You have probably seen them on your TV screens, newspapers, magazines, computer screens, tablet or smartphone. If you haven’t, you are probably using their products. They are none other than the outstanding young people in various niches that have become billionaires.
Every year, more and more young people are getting ranked among the young billionaires in the world. In 2014, the youngest is 24 and the oldest 33. This may be attributed to technology which has resulted in new inventions. Better still; people who are not previously known are also making it to this list. Let us look at 10 of the youngest billionaire in 2014, their businesses, and backgrounds in order of their net worth:
10. Mack Zuckerberg- $28.5 billion
Mack is a household name, and is probably the most popular youngest billionaire, at 29. He is the founder of the world’s largest social media platform, Facebook. His net worth is $28.5 billion. Facebook has just turned 10 this year and has had a 130% increase in its shares over the past 1 year. The surge in shares has undoubtedly seen his net worth double. 1n 2013, Mack gave away 18 million shares. He then sold 41 million shares and exercised 60 million options.
9. Yang Huiyan – $6.9 billion
Yang Huiyan is the first female on the list of the youngest billionaires in the world in 2014. She is 32 and has a net worth of $6.9 billion. She has been crowned China’s richest female. She is currently the vice of Country Garden, a real estate developer. Yang received her father’s stake in the company in 2007. That same year, her net worth was $16 billion. The company then became open to the public.
8. Dustin Moskovitz- $6.8 billion
Dustin helped Mack Zuckerberg start Facebook. He was his roommate at Harvard. He later dropped out of school to work full time at Facebook, as the 3rd employee. Later on, in 2008, Dustin started a software company called Asana which helps people work better with project collaboration tools. At 29, his net worth is $6.8 billion. He recently married Cari Tuna, a longtime girlfriend.
7. Scott Duncan – $6.3 billion
Scott Duncan runs an energy-pipeline company founded by his father, Dan Duncan. Scotts has had a $1.2 billion increase in profits since last year. This has been as a result of an increase in the stock price of Partners in Enterprise Products and a plan for dividends that proved to be very smart. The fact that in 2007, just soon after Dan Duncan’s death, there was a lapse in estate taxes, helped Scott and his siblings to acquire their father’s company tax-free. Today, at age 31, Scott Duncan’s net worth is $6.3 billion.
6. Eduardo Saverin – $4.1 billion
This was another Facebook co-founder. He was born in Brazil. He renounced his U.S. citizenship in 2012 and is now an angel investor, living in Singapore. He is 31 and has a net worth of $4.1 billion.
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