In 2016, there are plenty of billionaires, some 1,810 to
be exact, according to Forbes’ new billionaires list, with estimates using
stock prices and exchanges rates of February 12, 2016. Many of the names on the
list have are household names, such as Bill Gates, Warren Buffett, Jeff Bezos,
Michael Bloomberg, and Charles and David Koch, as they’ve worked their way up
to vast wealth.
And then there are those who are barely known to the
public, despite having joined the billionaire club at an incredibly young age.
The world’s youngest billionaire is just 19 years old. Like most of the
youngest billionaires, her wealth comes from family investments that have been
passed down.
The question of whether it is good for someone young to
inherit vast wealth has been a point of debate for many years. Andrew Carnegie
wrote in 1889 that leaving such large amounts to heirs was “misguided
affection” because “great sums bequeathed often work more for the injury than
the good of the recipients.” Bill Gates, Warren Buffett, Mark Zuckerberg, Larry
Ellison, Ted Turner, and many other billionaires have all sworn to give away
the bulk of their money to charity in part because of such concerns, but
clearly not all billionaires share that worry.
1.
Mark Zuckerberg, 32
Worth: At least $50 billion
How he made his billions: Facebook.
At an age when many people are still drowning in student
debt, some millennials already have serious money.
Bankrate has reviewed various published reports and
finds that Facebook co-founder Mark Zuckerberg remains atop the list of the
richest individuals under 35.
With an estimated net worth bigger than the economies of
many countries, he ranks 6th on the Forbes list of richest billionaires in the
world.
See whose net worth puts them right behind
"Zuck" in the young billionaires club.
2.
Lukas Walton, 29
Worth: At least $11.2 billion
How he made his billions: After his father, John Walton
-- son of Wal-Mart founder Sam Walton -- died in 2005, Lukas Walton inherited a
sizeable portion of the estate. Most of this fortune was once thought to belong
to his mother, Christy Walton, but recent information reveals Lukas Walton was
the beneficiary with the higher share.
3.
Dustin Moskovitz, 32
Worth: At least $10.5 billion
How he made his billions: Another young'un gilded by
Facebook's popularity, Moskovitz worked on the site in its early stages with
Zuckerberg. He went on to co-found Asana, a maker of project-management
software for business.
4.
Eduardo Saverin, 34
Worth: Around $7 billion
How he made his billions: Saverin came from a wealthy
family and was another of the Facebook co-founders, but he was forced out. He
and Zuckerberg sued each other and settled out of court. Saverin is still a
part owner of the social network and also is an angel investor for other
companies.
5.
Yang Huiyan, 35
Worth: At least $5.5 billion
How she made her billions: Yang Huiyan's father, Yeung
Kwok Keung, created the high-end Chinese real estate development company
Country Garden Group. Prior to the company's Hong Kong initial public offering
in 2007, Keung transferred his shares to his daughter. She is now in charge of
the company's development strategies.
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