9 Billionaire Millennials and How They Amassed Their Fortune
Out of the 1,426 billionaires in the world, just nine are millennials, according to the annual list compiled by Forbes. The youngest billionaires on the list are just 28 years old. So who are they and how did they obtain such massive amounts of wealth at such a young age? Here's the list:
1. Dustin Moskovitz
Worth: $3.8 Billion:
You may have expected Mark Zuckerberg to be first on this list, but he isn't officially the youngest billionaire. That title belongs to his former roommate and Facebook co-founder Dustin Moskovitz, who is worth some $3.8 billion. Moskovitz and his wife have started a foundation called Good Ventures. The organization seeks to help fund grants dedicated to improving the quality of life worldwide.
2. Mark Zuckerberg
Worth: $13.3. Billion:
As you may have predicted, Mark Zuckerberg is on the list. At just 28 years old, his net worth clocks in at some $13.3 billion dollars. Zuckerberg has been increasingly politically active, recently holding a fundraiser for Republican Governor of New Jersey Chris Christie.
3. Albert Von Thurn und Taxis
Worth: $5.1 Billion:
This is his actual name, and he lives in a castle and he is a prince. Oh, and, he also holds 36,000 hectares of German forest and tours with a German racing league. Mr. Taxis inherited the bulk of his money on his 18th birthday. Happy Birthday indeed.
In his spare time, he likes to plan building the world's largest solar park.
4. Scott Duncan
Worth: $5.1 Billion:
His late father Dan Duncan founded Enterprise Products Partners. When Dan passed away in 2010, Scott Duncan inherited his fortune, along with his three other siblings. Together, they own about 50,000 miles of pipeline.
5. Eduardo Saverin
Worth: 2.2 Billion:
A Facebook co-founder and former U.S. citizen, Saverin acquired his wealth through his friendship with Zuckerberg. A one-time close friend, the two are now estranged over a dispute over how much stake Saverin would have in the company. Saverin left Facebook two years after it was founded, but received a 5% stake in the company after a settlement lawsuit.
6. Yang Huiyan
Worth: $5.7 Billion:
Yang Huiyan has her fortune thanks to the shares she owns in the Chinese real estate development firm Country Garden Holdings. Before Country Garden Holdings went public, Yang Huiyan's father transferred 70% of his shares to her. When the stock originally went public she was named the wealthiest person on the Chinese mainland.
7. Fahd Hariri
Worth: $1.35 Billion:
Fahd Hariri is the son of the Lebanese Prime Minister Rafik Hariri. Unlike his counterparts on the list, Fahd made his money through construction and investments. He develops residential buildings in Lebanon. His father was assassinated in 2005, and since then, Hariri has not returned to Lebanon and works from outside the country.
8. Marie Besnier Beauvalot
Worth: 1.5 Billion:
Apparently, no photos of Marie Besnier Beauvalot exist, so I put up a picture of cheese. I knew cheese was popular, but I didn't know it was that popular. The family obtained their wealth through the dairy products company Lactalis located in France. It is the largest dairy products company in the world.
9. Sean Parker
Worth: 2 Billion:
Sean Parker is number nine on the list. You remember him: he’s the guy that was played by Justin Timberlake in The Social Network. He is also the co-founder of Napster and Plaxo. Parker has been in the tech sector a while, and is showing no signs of slowing down with his a relaunch of the faltered Airtime. Sean Parker has partnered with the organization Stand Up To Cancer, where he is donating money to help fund immunology research.
It’s pretty awesome to see these millennials making such incredible strides. Not only do most of them help to mold the way we interact with one another, they are interested in standing up for causes they believe in .