The 10 Richest Young People in the World

What is the one thing the world’s youngest billionaires have in common? For one, most of our top list – have made their money from the internet, and started with – not a lot.

Perhaps there is something to be said for the vast opportunities the world wide web has opened up for the ingenious entrepreneurs, and many more that walk in their footsteps.

Here is Forbes list of youngest billionaires:

1. Dustin Moskovitz, 26 (Facebook): $1.4 billion
Facebook's first chief technology officer, he left in 2008 to start Asana, a software company that allows individuals and small companies to better collaborate. His entire fortune comes from his 6 percent stake in Facebook.

2. Mark Zuckerberg, 26 (Facebook): $6.9 billion
The Harvard dropout and Facebook CEO was the biggest percentage gainer on this year's Forbes 400 list. Last month he agreed to donate $100 million to Newark's troubled schools.

3. Scott Duncan, 27 (pipelines): $3.1 billion

The son of the late Dan Duncan assumed control of part of his family's $12.4 billion pipeline empire after his father's death last March. T

4. Eduardo Saverin, 28 (Facebook): $1.15 billion
Brazilian-born Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg and for a brief time had a one-third stake. When Zuckerberg quit school to relocate to California, Saverin stayed behind to graduate. A year later Facebook sued him; he countersued. The parties settled with Saverin apparently getting a 5 percent stake and cofounder bio on Facebook's site.

5. John Arnold, 36 (hedge funds): $3.3 billion
The former Enron oil trader founded hedge fund Centaurus after the energy outfit famously collapsed. His fund now has $5 billion under management, and he and his wife Laura recently pledged half of their wealth to the Gates-Buffet challenge.

6. Sergey Brin, 37 (Google): $15 billion
Emigrated from Russia at age 6; his mother was a research scientist at NASA. He met Larry Page in computer science Ph.D. program at Stanford and dropped out in 1998 to start Google.

7. Larry Page, 37 (Google): $15 billion
The Google cofounder dropped out of his Stanford Ph.D. program in 1998 to start the search engine.

8. Daniel Ziff, 38 (inheritance, hedge funds): $4 billion
The youngest son of the late William Ziff Jr. who built the Ziff-Davis publishing empire (PC Magazine, Car & Driver, Boating) and later sold out. Daniel and his brothers Dirk and Robert inherited their father's fortune, which they have since reinvested in Ziff Brothers Investments.

9. Lorenzo Fertitta, 41 (casinos, Ultimate Fighting Championship): $1 billion
Fertitta returns to billionaire status thanks to growing martial arts league Ultimate Fighting Championship, which he owns with his older brother Frank.

10. Jerry Yang, 41 (Yahoo): $1.15 billion
Born in Taiwan, Yang moved to the U.S. at age 10. He created his Web directory in 1994 with partner David Filo when both were Stanford grad students. Yahoo cofounder made his debut among America's 400 richest at age 29.

source : economywatch.com

fri, march 11th 2011