Posted on 11 August 2013.
To be a part of the billionaire club in the world could be just amazing. It does take a lot of courage and effort to get there, but it’s definitely not impossible. You will be surprised to know that the latest study in the world revealed that 1,453 people worldwide belong to the Club of the Billionaires. Seems much less harder to get there now doesn’t it? Everybody dreams of becoming a millionaire and then of course, a billionaire. One can use all his intellect and power to roll his money the right way to become a billionaire. Ever wondered what it’s like to become a billionaire while you’re still young? These kids are amongst the youngest 10 to become billionaires in the World. Who said it takes time and money to become a billionaire? Yes, you need money by all means, but time? Read on. Perhaps, you could convince yourself in becoming a billionaire sooner than you can imagine.
1. Dustin Moskovitz
Dustin Moskovitz, aged 29, is Mark Zuckerberg’s former room-mate and also a co-founder of Facebook. Moskovitz may no longer have ties with the Menlo Park California-based social networking giant, but he still holds a significant financial stake in the company. That stake got witnessed a decline over the summer as he went on to sell 7.5 million Facebook shares. As of February, he owned more than 5% of the company’s outstanding stock. He dropped out of Harvard with Zuckerberg and moved to California to work for the social-networking firm full-time, thus becoming face-book’s third employee. He started a software company, Asana, in 2008 that aims to improve how people work with project collaboration tools. Moskovitz married former journalist Cari Tuna, with whom he founded Good Ventures and plan to publish their grants and conversations with charities with the goal of rewarding results over crafty fundraising techniques. Moskovitz is a signee of Bill Gates’ and is part of Warren Buffett’s Giving Pledge. As of March 2013, Dustin’s net-worth was $3.8 Billion.
2. Mark Zuckerberg
Few CEOs of any age are under more media scrutiny than 28-year-old Mark Zuckerberg. Since taking Facebook public in May 2012, Mark has seen his net worth rise and fall with every fluctuation of the stock price, which fell under $20 in August 2012. Ever since then the stock has rebounded more than 30% as of February on confidence that Facebook may end up figuring out how to make money on mobile ads. Zuckerberg is a signatory of Bill Gates and part of Warren Buffett’s Giving Pledge. He showed his generosity during the holiday season by presenting 18 million of the Facebook shares to the Silicon Valley Community Foundation in December for education initiatives. Based on share prices at the time, that gift was worth nearly $500 million and was one of the largest gifts to education in 2012. Zuckerberg has also shown his willingness to become more involved in the political sphere as he hosted a re-election fundraiser for New Jersey Governor Chris Christie in February. The launch of Facebook’s Graph Search was his big early 2013 expliot, which allowed users to comb their friend network based on shared interests and experiences.
3. Albert von Thurn
German Albert von Thurn und Taxis, aged 29, first appeared in Forbes’ billionaire rankings at age 8 but officially inherited his fortune in 2001 on his 18th birthday. He did his Masters in Arts from the University of Edinburg after he completed his Bachelors in Arts from the same University. Amongst his assets are art, real estate and approximately 36,000 hectares of woodland in Germany. He had a plan to build one of the world’s largest solar energy installations in Bavaria, southern Germany, but was forced to put it on hold after government subsidies were cancelled. The family castle he lives in is named, Schloss Emmeram. Albert is also a race car driver and tours with a German auto-racing league. Albert was at no.944 on Forbes list of richest Billionaires and as of March 2013, his net-worth was $1.5 Billion.
4. Scott Duncan
Scott Duncan, aged 30, is the youngest of the four children who inherited the massive fortune of late energy-pipeline entrepreneur Dan Duncan who founded the Enterprise Products Partners. Yes, pipelines was his major source of wealth. Thanks to Enterprise’s impressive rise on the New York Stock Exchange, Scott and his brothers turned a $900 million dollars richer than a year ago. This rise is credited to the rising value of Enterprise shares and the partnership’s large payout plan. Today Enterprise owns in excess of 50,000 miles of natural gas, oil, and petrochemical pipelines. Scott was at no.239 on the Forbes Richest Billionaires and as of March 2013 his net-worth was $5.1 Billion. He currently lives in Houston, Texas.
5. Eduardo Saverin
Eduardo Saverin, aged 31, is the co-founder of Facebook. His actual country of citizenship was Brazil, but he renounced his United States citizenship in 2011, before the company’s IPO and drew accusations of tax evasion. He graduated as a Bachelor in Arts/Science from Harvard University. Saverin, started of in The Social Network as Mark Zuckerberg’s best friend, and helped provide Facebook with early seed money which helped him earn a one-third stake. This fell to 30% when Zuckerberg’s roommate, Dustin Moskovitz, joined. Saverin stayed behind when the others dropped out of Harvard to relocate to California. He was later sued by Facebook for interfering with business and insisting on keeping a 30% stake; Saverin countersued. Both group’s setteled and Saverin apparently received a 5% stake and a co-founder bio on Facebook’s site. He has since sold more than half his stake in Facebook and has started investing in startups including Qwiki and Jumio. Saverin was at no.670 on the Forbes Richest Billionaires. As of March 2013, his net-worth was $2.2 Billion.