Facebook CEO is youngest self-made billionaire accoding to Forbes
Billionaires are getting younger. Forbes magazine released its list of the world's mega-rich Wednesday and said Facebook CEO Mark Zuckerberg, 23, became the youngest ever self-made billionaire.
Zuckerberg, born during the Ronald Reagan presidency, is worth $1.5 billion four years after launching the social-networking site and the third-youngest to crack the billionaire list since Forbes began tracking ages a decade ago. The other two inherited their money. Facebook did not respond to requests for comment.
LIST: Warren Buffett dethrones Bill Gates as richest man
The Forbes list often reflects the times. Bill Gates was once himself like Zuckerberg and dropped out of Harvard to launch a technology upstart. Gates is now 52 and slipped from first place in the rankings after being the richest person in the world for 13 straight years. In 1995, Gates replaced Yoshiaki Tsutsumi, a Japanese real estate investor who subsequently fell on hard times and was removed from the Forbes list in 2007.
Gates is worth $58 billion, $2 billion more than last year, but he is now third on the list. He was dislodged by Warren Buffett ($62 billion) and Mexican tycoon Carlos Slim Helu ($60 billion). Buffett's Berkshire Hathaway stock climbed $10 billion; Slim's fortune rose $11 billion.
Buffett is 77 and Slim is 68, but there are now 50 billionaires younger than 40, and 34 of them are self-made. The average age of all billionaires has dropped to 61 from 64 in 2004, partly because of the growth of young, self-made Russian and Chinese billionaires. Mainland China's richest person is 26-year-old real estate heiress Yang Huiyan (No. 125), worth $7.4 billion.
Forbes says that billionaires sometimes slip beneath its radar, but it now counts 1,125 worldwide, worth $4.4 trillion. That's an increase of 179 billionaires from a year ago. Two-thirds of the 1,125 are self-made.
Of the 1,125 billionaires, 469 (42%) are from the USA. But the average U.S. billionaire is worth $3.4 billion vs. $4.3 billion for the average foreign billionaire. The biggest gainer over the last year is 48-year-old Indian businessman Anil Ambani. His wealth jumped $24 billion, or nearly $3 million an hour.
There have been two billionaires who made the Forbes list at a younger age than Zuckerberg. One was Albert II, prince of Thurn and Taxis, who is a German heir of postmasters dating to the Holy Roman Empire. He inherited his wealth at age 7, when his father died in 1990, although he did not gain access to his fortune until he turned 18.
The other was Hind Hariri, youngest of the Lebanese heirs of a banking, real estate, oil and telecommunications fortune that she inherited at 22.
Tags: accoding, billionaire, ceo, facebook, forbes, is, news, self-made, to, youngest
Comment
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Comment by DONEL JAMES on February 5, 2009 at 9:08am - FaceBook is Wack i think, Thisis50.com is Where its at, fuck & all them ohter wack ass web networks
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Comment by Foo on February 5, 2009 at 8:50am - We already knew this....Thisis50 your news is dated like 50s rap career.
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Comment by Cluffas on February 5, 2009 at 8:23am
- fuck Jews men,,,they're fucking rich madafakkas,,,as black folks wit aint going nowhre...Black Billionaires...Dangote $3.3bn,Oprah 2.5bn,Johnson,$1,1bn,Patrice M 2,4bn,,,,,only 2 Black American billionaires,,,2 Black Africans & 4 hidden::,,,we aint goin' nowhere...get keep diggin' on us,,,,,hate dose madafakkaz,,,50 wuld take 7yrs to reach a $1bn nigga wuld be 38 dat tym...."ffuck money,,we aint got it,,,,,,we try hard bt still,,,betta sell dopes or shut de fuck up!!!,,,,,,,,fuck Israel too,,,dats fucked up:):):) FUCK MONEY!!
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Comment by Iamacasi on February 5, 2009 at 6:19am - big up 2 him!
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Comment by gunit on February 5, 2009 at 6:01am - i got 500.000 income last year.i'm number 1 on the top 10 richest young hustler ..i'm laughin straight to the bank with this hihi
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Comment by Jerzz973 on February 5, 2009 at 4:15am - fukc a facebook lol mysapce betta n dat shit wakc lol but hey kant gettin dem billionz lol shit i shuld start a website lmfao
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Comment by Tex on February 5, 2009 at 2:53am - Get Money. People Need to realize that money is made from within. You have to explore your Ideas. If this kid settled for a regular job he would've been laid off during the reccession but he used his mind which never lets you down. Good Job...I know I don't have a billion yet but I am close to a Million right now and I am 25 black and chillin
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Comment by marcus andrew on February 5, 2009 at 2:07am
- where are the young black billionaires at uh damn i would like to be first because rapping and playing ball won't cut damn it but good look i guess im not even that age yet this guy makes money when he is taking a shit
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Comment by Mac on February 5, 2009 at 1:28am - I COLLECT CANADIAN COINS, ILL BE NUMBER 4 IN NO TIME..........HAHAHAHAHA
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Comment by chris on February 5, 2009 at 1:28am - wtf white money ? money is money yo
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