The richest millennial billionaires in the world 2021
Contents:
• It is easy to assume that all billionaires are people who have had decades to create and multiply their fortune. But it turns out that there are quite a lot of millennials among the modern rich. So called people born between 1981 and 1996, who in 2021 will be from 25 to 40 years old.
The total net worth of millennial billionaires for 2021 exceeds $200 billion. And this is what the first one looks like ten richest millennials today according to GOBankingRates, Visual Capitalist and Forbes.
10. Patrick and John Collison
- Wealth: $9,5 billion
- Age: 32 years
- How He Got Rich: Payment Software
• Irish immigrant brothers Patrick and John Collison taught the world that if you're really smart and have an equally smart relative, you can pool your brains and become entrepreneurial superstars.
• In 2010, the brothers came up with the idea to create software for connecting to banking systems. Companies could take this software and implement it into their websites and applications to receive payments – a quick and convenient option without having to negotiate separately with the bank and with the organizer of payment acceptance.
• Today, Patrick Collison is the CEO of the $35 billion family company Stripe. Notable Stripe investors include Peter Thiel and Elon Musk.
9. Brian Chesky
- Wealth: $11,5 billion
- Age: 39 years
- Source: Airbnb
The idea of creating one of the best booking services housing originated during a tech conference in San Francisco in 2008.
• Brian Chesky and Joe Gebbia, who were roommates, noticed that all the local hotels were full during the conference. Therefore, they rented sleeping places in their apartment (in other words, three air mattresses) to the conference participants.
• Chesky and Gebbia soon launched a business that was originally called Air Bed and Breakfast but eventually became Airbnb. They hired Nathan Blecharczyk to code the first version of the site. Today, Nathan is the company's chief strategy officer, Joe is the chief product officer of Airbnb, and Brian is the CEO.
8. Bobby Murphy
- Wealth: $12,5 billion
- Age: 32 years
- How He Got Rich: Snapchat
• Bobby Murphy, along with fellow young multibillionaire Evan Spiegel ($11,6 billion), own 30% of Snapchat, a mobile photo and video sharing app that disappears after a short time.
• That might not seem like much of a bet, given that it was Spiegel, Murphy and Reggie Brown who started the company, but they have voting shares that give them dominance of the board of directors.
• Murphy doesn't keep "eggs in one basket," in addition to Snapchat, he has another $30 million in real estate investments in Pacific Palisades and Venice Beach.
7. Su Hua
- Wealth: $12,9 billion
- Age: 39 years
- Source: streaming video
• This Chinese millennial billionaire was born in rural Hunan, a village that only received electricity in 1998. But that modest start didn't stop Su Hua from becoming a programmer, getting jobs at Baidu and Google, and creating Kuaishou's GIF-making app in 2011.
• The app was then refocused into a video sharing and live streaming platform.
• Kuaishou soon had over 110 million daily active users and was valued at $2018 billion in 18.
6. Lucas Walton
- Wealth: $16,6 billion
- Age: 34 years
- Source of fortune: Walmart
• The grandson of Walmart founder Sam Walton and the only child of Christy and John Walton received his fortune by birthright.
• His father John died in a plane crash in 2005 and left Lucas one-third of his $17 billion fortune. In addition, Walton Jr. owns a 4% stake in Walmart.
5. Pavel Durov
- Wealth: $17,2 billion
- Age: 36 years
- Source of wealth: Telegram messenger
• Pavel Durov has a lot to learn – not to be afraid to face opponents face to face. Despite direct competition from Facebook's WhatsApp, the free messaging app Telegram has amassed over 500 million monthly active users as of its inception.
• Durov has been called the "Russian Zuckerberg" because he also founded VKontakte, the largest social network.
• In 2014, Durov sold 12 percent of the shares of the social network – everything he had. And just three years later, he and his brother raised $1,7 billion to create a blockchain system called TON based on Telegram.
4. Eduardo Saverin
- Wealth: $18,2 billion
- Age: 39 years
- State Source: Facebook
• Eduardo Saverin met Mark Zuckerberg at Harvard. They co-founded Facebook in 2004. As a co-founder, Saverin has served as CFO and Business Manager of the company.
• In September, Saverin renounced his US citizenship. As a result, he managed to avoid paying about $700 million in taxes.
• However, Saverin himself said that he had renounced his American citizenship in order to be able to live and work in Singapore, which he has been doing since 2009.
3. Dastin Moskovic
- Condition: 22,3 billion dollars
- Age: 36 years
- Source: Facebook
• Another co-founder of Facebook and former roommate of Mark Zuckerberg at Harvard. While most of Moskowitz's money still comes from the world's most famous social network, he didn't stop there.
• If you've ever used the Asana app for work, you should thank Moskowitz – he is the co-founder of this project. He is also a major philanthropist and founded the Good Ventures Foundation with his wife.
2. Zhang Yiming
- Wealth: $36,1 billion
- Age: 37 years
- Source of wealth: TikTok
• Someone “uploads” videos to TikTok, and someone makes billions of dollars on this. And that someone is the richest Asian millennial, Zhang Yiming.
• He is the founder and CEO of ByteDance, a Chinese internet technology company. And the company's flagship product is the TikTok content platform. She also owns a number of popular services, such as the Helo social network, and the news aggregators Toutiao and BaBe.
• ByteDance was founded in 2012. And after 7 years, it had more than 800 million daily users, and its value was $ 75 billion.
1. Mark Zuckerberg
- Wealth: $122 billion
- Age: 37 years
- Source of wealth: Facebook
• COVID-19 has shown that when a real long-term crisis hits, it is best handled by those with money coming from multiple sources. And Mark Zuckerberg has always known this.
• Facebook has acquired dozens of companies – more than 80 in total – all of which serve as a source of income for the "parent" company. These include Instagram, Oculus, WhatsApp, LiveRail, Threadsy, Atlas, and many more. In total, the richest millennial in the world has spent more than $23 billion developing these new sources of income.
