Tuesday, 20 September 2016

The 5 youngest billionaires in the world 2016


 
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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