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Top 10 Youngest Billionaires
10- John Arnold, US, Age 34, $1.5 billion, Self-made
Raised by a lawyer dad and accountant mom, Arnold whizzed through Vanderbilt
University in three years. He became an oil trader for Enron, supposedly earning
$750 million for the company in 2001, when he was just 27. He went into business for
himself after Enron collapsed a year later. Today he runs hedge fund Centaurus
Energy.
9- Xiaofeng Peng, China, Age 33, $2.5 billion, Self-made
It’s easy being green for Peng. The relative youngster got into solar energy only in
2005. Two years later, he took his company, LDK Solar, which makes silicon wafers
used in solar panels, public on NYSE Euronext.
8- Shivinder Singh, India, Age 32, $2.5 billion, Inherited
Singh and his older brother Malvinder, 35, both Duke University grads, inherited
control of generic drug maker Ranbaxy Laboratories. We list the duo as sharing a
$2.5 billion fortune because they won’t break out the ownership details for us. What
we know: Malvinder heads Ranbaxy, while Shivinder runs hospital chain Fortis
Healthcare, which went public in 2007.
7- Begumhan Dogan Faralyali, Turkey, Age 31, $1 billion, Inherited
A daughter of billionaires, Dogan Faralyali began her career as an Arthur Andersen
consultant in New York and later advised Europe’s leading media and technology
companies. She joined the family media business in Turkey by establishing the
corporate communications department of Dogan Holding and became its president.
6- Aymin Hariri, Saudi Arabia, Age 29, $2.3 billion, Inherited
The son of slain Lebanese Prime Minister Rafik Hariri, Aymin is now based in Riyadh
and helps watch over family construction and investment company Saudi Oger for
older brother Saad, the Lebanese parliamentary majority leader. Plus, he has hands
in U.S. government contracting: co-founded and chairs identity management software
company Epok, based outside Washington, D.C., which sells to federal and state
customers.
5- Fahd Hariri, Lebanon, Age 27, $2.3 billion, Inherited
Aymin’s younger brother, Fahd, serves on board of Beirut’s Future Television
Network, a terrestrial and satellite TV network. He also runs a fledgling design studio
for furniture and other wares in Paris, where sister Hind, also a billionaire, and mother
live.
4- Yang Huiyan, China, Age 26, $7.4 billion, Inherited
China’s richest person is also one of the world’s youngest billionaires and a daddy’s
girl. Yang earned her degree from Ohio State University in 2005, the same year her
father, Yeung Kwok Keung, the media-shy chief of real estate outfit Country Garden,
transferred his stake in the company to her (not a bad graduation gift). Gold-diggers,
beware: She’s already married; her wedding video is posted on YouTube.
3- Albert von Thurn und Taxis, Germany, Age 24, $2.3 billion, Inherited
The German prince appeared briefly on our billionaires list at age 8, but he officially
inherited his fortune on his 18th birthday. Lives in a family castle with his mother and
older sister. Race car driver, tours with an Italian auto-racing league.
2- Hind Hariri, Lebanon, Age 24, $1.1 billion, Inherited
Sister of Aymin and Fahd, Hariri inherited a stake in family’s construction, media and
banking holdings. First debuted on our billionaires list two years ago at age 22. Fell
off and now returns, making her the world’s youngest female billionaire. Hariri is a
fashionista who recently attended Paris fashion shows and reportedly favors the
designer Chanel.
1- Mark Zuckerberg, US, Age 23, $1.5 billion, self-made
Tech’s newest golden boy founded addictive social-networking site Facebook in
February 2004 from his Harvard dorm room. He left school for Silicon Valley that
year. Microsoft paid $240 million last October for a 1.6% stake, giving the company
an implied valuation of $15 billion. Some analysts and a few Facebook investors think
that’s high. We think Zuckerberg’s stake is worth $1.5 billion. Regardless, Zuckerberg
is the youngest billionaire on earth and possibly the youngest self-made billionaire
ever.
According to Zack O’Malley Greenburg on www.forbes.com
Raised by a lawyer dad and accountant mom, Arnold whizzed through Vanderbilt
University in three years. He became an oil trader for Enron, supposedly earning
$750 million for the company in 2001, when he was just 27. He went into business for
himself after Enron collapsed a year later. Today he runs hedge fund Centaurus
Energy.
9- Xiaofeng Peng, China, Age 33, $2.5 billion, Self-made
It’s easy being green for Peng. The relative youngster got into solar energy only in
2005. Two years later, he took his company, LDK Solar, which makes silicon wafers
used in solar panels, public on NYSE Euronext.
8- Shivinder Singh, India, Age 32, $2.5 billion, Inherited
Singh and his older brother Malvinder, 35, both Duke University grads, inherited
control of generic drug maker Ranbaxy Laboratories. We list the duo as sharing a
$2.5 billion fortune because they won’t break out the ownership details for us. What
we know: Malvinder heads Ranbaxy, while Shivinder runs hospital chain Fortis
Healthcare, which went public in 2007.
7- Begumhan Dogan Faralyali, Turkey, Age 31, $1 billion, Inherited
A daughter of billionaires, Dogan Faralyali began her career as an Arthur Andersen
consultant in New York and later advised Europe’s leading media and technology
companies. She joined the family media business in Turkey by establishing the
corporate communications department of Dogan Holding and became its president.
6- Aymin Hariri, Saudi Arabia, Age 29, $2.3 billion, Inherited
The son of slain Lebanese Prime Minister Rafik Hariri, Aymin is now based in Riyadh
and helps watch over family construction and investment company Saudi Oger for
older brother Saad, the Lebanese parliamentary majority leader. Plus, he has hands
in U.S. government contracting: co-founded and chairs identity management software
company Epok, based outside Washington, D.C., which sells to federal and state
customers.
5- Fahd Hariri, Lebanon, Age 27, $2.3 billion, Inherited
Aymin’s younger brother, Fahd, serves on board of Beirut’s Future Television
Network, a terrestrial and satellite TV network. He also runs a fledgling design studio
for furniture and other wares in Paris, where sister Hind, also a billionaire, and mother
live.
4- Yang Huiyan, China, Age 26, $7.4 billion, Inherited
China’s richest person is also one of the world’s youngest billionaires and a daddy’s
girl. Yang earned her degree from Ohio State University in 2005, the same year her
father, Yeung Kwok Keung, the media-shy chief of real estate outfit Country Garden,
transferred his stake in the company to her (not a bad graduation gift). Gold-diggers,
beware: She’s already married; her wedding video is posted on YouTube.
3- Albert von Thurn und Taxis, Germany, Age 24, $2.3 billion, Inherited
The German prince appeared briefly on our billionaires list at age 8, but he officially
inherited his fortune on his 18th birthday. Lives in a family castle with his mother and
older sister. Race car driver, tours with an Italian auto-racing league.
2- Hind Hariri, Lebanon, Age 24, $1.1 billion, Inherited
Sister of Aymin and Fahd, Hariri inherited a stake in family’s construction, media and
banking holdings. First debuted on our billionaires list two years ago at age 22. Fell
off and now returns, making her the world’s youngest female billionaire. Hariri is a
fashionista who recently attended Paris fashion shows and reportedly favors the
designer Chanel.
1- Mark Zuckerberg, US, Age 23, $1.5 billion, self-made
Tech’s newest golden boy founded addictive social-networking site Facebook in
February 2004 from his Harvard dorm room. He left school for Silicon Valley that
year. Microsoft paid $240 million last October for a 1.6% stake, giving the company
an implied valuation of $15 billion. Some analysts and a few Facebook investors think
that’s high. We think Zuckerberg’s stake is worth $1.5 billion. Regardless, Zuckerberg
is the youngest billionaire on earth and possibly the youngest self-made billionaire
ever.
According to Zack O’Malley Greenburg on www.forbes.com
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