Youngest Billionaires and how they got so wealthy

Here are Forbes' top 10 youngest billionaires 

Elizabeth Holmes left Stanford University at 19 with a plan to start her own company. For money, she cashed out the funds her parents had saved for tuition. Now, she counts billionaire Larry Ellison as an investor and has former secretaries of state on her board. I
think a lot of young people have incredible ideas and incredible insights, but sometimes they wait before they go give their life to something," she said. "What I did was just to start a little earlier." Holmes, through her company Theranos, has taken on the $76 billion laboratory-diagnostic industry as her target. It's an industry that was just waiting to be disrupted, since blood testing has not changed since the modern clinical lab emerged in the 1960s.
Here’s the rest of the Forbes Top 10 list:

2. Mark Zuckerberg (see picture above)
Net worth: £2.6 billion ($4 billion)
How: Internet
Age: 25
Citizenship: US
Marital status: Married
The Facebook-founder launched the social networking site from his Harvard bedroom in 2004. Facebook founder, Mark Zuckerman, is another dropout and a great example to small business owners to focus and work to get the business growth required to create great wealth. 



3. John Arnold
Net worth: £2.6 billion ($4 billion)
How: Energy trading
Age: 36
Citizenship: US
Marital status: Married
Hired by Enron and founded hedge fund Centaurus Energy in 2002 after Enron collapsed.

4. Yang Huiyan
Net worth: £2.2 billion ($3.4 billion)
How: Property
Age: 28
Citizenship: China
Marital status: Married
Her fortune is tied up in her holding in Guangdong developer Country Garden, run by her father Yeung Kwok Keung.

5. Albert von Thurn und Taxis
Net worth: £1.4 billion ($2.2 billion)
How: Inheritance
Age: 26
Citizenship: Germany
Marital status: Single
Inherited fortune on his 18th birthday and lives in family castle, Schloss Emmeram.

6. Fahd Hariri
Net worth: £900 million ($1.4 billion)
How: Construction, investments
Age: 29
Citizenship: Lebanon
Marital status: Single
Youngest son of assassinated Lebanese prime minister Rafiq Hariri inherited stake in his father's construction, telecom and property empire.

6.5 Aymin Hariri (Yup, another one)
Net worth: £900 million ($1.4 billion)
How: Construction, investments
Age: 31
Citizenship: Saudi Arabia
Marital status: Married
Brother of above, while other brother Saad is Prime Minister of Lebanon. Say no more...

7. Yoshikazu Tanaka
Net worth: £900 million ($1.4 billion)
How: Internet
Age: 33
Citizenship: Japan
Marital status: Na
Like Zuckerberg, Tanaka also made his fortune from a social networking site, Gree.
8. Kostyantin Zhevago
Net worth: £790 million ($1.2 billion)
How: Banking, mining
Age: 36
Citizenship: Ukraine
Marital status: Married
Has majority stake in iron ore producer Ferrexpo and Finance; Credit Bank.
9. Lee Ziaohui
Net worth: £658 million ($1 billion)
How: Manufacturing
Age: 28
Citizenship: China
Marital status: Na
Chairman of one of China's biggest private steel manufacturers Shanxi Haixin Iron & Steel Group, since father was shot in 2003.

10. Shahid Balwa
Net worth: £658 million ($1 billion)
How: Property
Age: 36
Citizenship: India
Marital status: Married
Partner in DB Realty whose projects include Turf Estate, a luxury high-rise, and the 108-storey Park Hyatt Hotel in Mumbai.

It is disconcerting to read about those who have inherited wealth due to fathers being gunned down (Lee Ziaohui, China) or assassinated (Fahd Hariri, Lebanon). As for the Lebanese brother billionaires, that's right, each one is a stand alone billionaire, is it not a bit suspicious that two Hariri brothers are billionaires while the third is Prime Minister of Lebanon. The brother who is Prime Minister took over after his Dad (who was the Prime Minister) after the assassination. America is a wonderful place which is structured to help young entrepreneurs get ahead. That is the kind of wealth to achieve.

To get the report Billionaires - Architect of Wealth and Legacy, please contact Jacoline.Loewen@ubs.com

Jacoline is the Director of Business Development with UBS (Canada), largest wealth manager in the world, voted Best Private Bank in 2014.

This article is for entertainment purposes only. Any financial advice must be from a registered financial advisor.

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2 comments:

blaise-numbi said...

faith is a powerful key of prosperity which blow the mind in the level of billionaires,so move by faith now and become one (blaisenumbi@yahoo.ca)

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