Top 10 Billion Dollar Babies 1. Sergey Brin, Google, 37, $19.8bn
Google cofounder Sergey Brin saw his company’s stock rise 18% over the past year as Google maintained nearly two-thirds of the market for online search. Brin focuses on raising margins with Instant Search and building new businesses in communications.
The top 10 richest billionaires under 40 are worthy of such an homage to their talents. The statement reflects how the members of this list lead the way in innovating new technologies, ideas and strategies to leave their competitors in their wake. With each business idea they come up with, they shape the way we interact and view our world, except a German Prince who has sneaked into the list with a measly $2billion.
2. Mark Zuckerberg, 26, Facebook, $13.5bn
3. Yang Huiyan, Country Garden
Holdings, 29, $4.1bn Yang Huiyan is the main shareholder in Country Garden Holdings of Guangzhou, one of China’s largest property developers. The company’s chairman, Yang’s father (Yeung Kwok Keung), transferred his holding to her before the company went public in Hong Kong in 2007. According to Country Garden, she is primarily responsible for the formulation of development strategies and is rarely seen in public.
4. John Arnold, 34, Centaurus Energy hedge fund, $3.3bn
John Arnold, the ‘King of Natural Gas’ (a title few would proclaim to want) was one of the few who survived the Enron collapse with any credit. He is credited with making three quarters of a billion dollars for Enron in 2001 and was rewarded with an $8 million bonus. Following the company’s demise, he set up the Centaurus Energy hedge fund. Today, Centaurus is widely credited as being one of the major players on the other side of their position, and returning as much as 150% in 2005.
The rise of Mr. Zuckerberg has been well documented. It all started back in 2005 with the idea of setting up a friend network for University students. With more than 750million users, Facebook would be the third largest nation in the world (twice the size of the United States). Over the last year, the 26-year-old’s fortune surged 238% to $13.5 billion as investments from firms like Goldman Sachs boosted Facebook’s valuation to $50 billion.
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