In Pictures: Dustin Moskovitz, the world's youngest billionaire.
There are 1,426 billionaires in the world this year. They are the
wealthiest of the wealthy. But only 29 members of this elite list are
under 40 years old, with that exciting combination of money and youth.
Those 29 have a total of $119 billion between them. Ten come from the
technology sector, including four from social networking giant Facebook. Eleven come from the United States, the rest from countries abroad. Five are newcomers to the billionaire ranks. Read the full list below.
No. 1: Dustin MoskovitzAge: 28
Net Worth: $3.8 billion
Moskovitz, Mark Zuckerberg‘s former roommate, no longer works at Facebook, the social networking giant that he co-founded. A signee of Bill Gates‘ and Warren Buffett’s Giving Pledge, Moskovitz bikes to work, flies commercial, and pitches his own tent at Burning Man.
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No. 2: Mark Zuckerberg
Age: 28Net Worth: $13.3 billion
Few CEOs of any age are under more media scrutiny than Mark Zuckerberg (who's only 8 days older than Moskovitz). Since taking Facebook public in May 2012, and getting married days later, the hoodie-wearing founder has seen his net worth rise and fall with every fluctuation of the stock price.
No. 3: Albert von Thurn und Taxis
Age: 29Net Worth: $1.5 billion
Albert von Thurn und Taxis first appeared in Forbes' billionaire rankings at age 8 but officially inherited his fortune in 2001 on his 18th birthday. The eligible bachelor is also a race car driver and tours with a German auto-racing league.
No. 4: Scott Duncan
Age: 30Net Worth: $5.1 billion
Scott Duncan is the youngest of the four children who inherited the massive fortune of late energy pipeline entrepreneur Dan Duncan, founder of Enterprise Products Partners. Today the company owns more than 50,000 miles of natural gas, oil, and petrochemical pipelines.
No. 5: Eduardo Saverin
Age: 30Net Worth: $2.2 billion
Facebook co-founder Eduardo Saverin renounced his United States citizenship in 2011, news of which broke days before the company's IPO and drew accusations of tax evasion. Saverin, immortalized in The Social Network as Mark Zuckerberg's onetime best friend, settled a lengthy legal battle with Facebook, apparently receiving a 5% stake. A Brazilian citizen, he now resides in Singapore and invests in startups.
No. 6: Huiyan Yang
Age: 31Net Worth: $5.7 billion
Huiyan Yang, the daughter of the founder of real estate developer Country Garden Holdings, is once again China's richest woman. Her father transferred his stake to the Ohio State grad before the company's IPO in 2007.
No. 7: Fahd Hariri
Age: 32Net Worth: $1.35 billion
Fahd Hariri is the youngest son of slain Lebanese Prime Minister Rafik Hariri. He graduated from the Ecole Spéciale d'Architecture de Paris in 2004. While still a student, he ran an interior design studio on the outskirts of the city, and sold furniture to clients in Saudi Arabia.
No. 8: Marie Besnier Beauvalot
Age: 32Net Worth: $1.5 billionMarie, along with siblings Emmanuel, 42, and Jean-Michel, 45, inherited French dairy giant Lactalis, producers of popular Président brie among hundreds of other cheese, milk and yogurt brands.
No. 9: Sean Parker
Age: 33Net Worth: $2 billion
Sean Parker is revamping his much hyped start-up, Airtime, with the hopes that the video chat site will have the impact of his other Web companies. At 19, Parker skipped college to disrupt the recording industry with music swapping site Napster. He served as Facebook's first president at age 24.
No. 10: Ayman Hariri
Age: 34Net Worth: $1.35 billion
Ayman Hariri is the son of slain Lebanese Prime Minister Rafik Hariri. He's involved in running Saudi Oger, one of Saudi Arabia's biggest construction companies, and the source of the Hariri family fortune.
No. 11: Yvonne Bauer
Age: 35Net Worth: $2.4 billion
Yvonne Bauer owns 85% of her family's publishing empire. She is the fifth generation of the family to run the Bauer Media Group, which was founded in 1875. It publishes 570 magazines in 16 countries.
No. 12: Yoshikazu Tanaka
Age: 36Net Worth: $1.8 billion
Founder and CEO of social-network game site operator Gree, Yoshikazu Tanaka has faced stiff competition this year from archrival DeNA and a game initiative by NTT DoCoMo, the giant cellphone carrier. To get back on track, Tanaka moved to partner with Yahoo Japan and went on a buying spree.
No. 13: Maxim Nogotkov
Age: 36Net Worth: $1.3 billion
Maxim Nogotkov got his start selling computer programs while in school and later began selling cordless phones. He dropped out of college in order to have more time to focus on building his business. He later founded cell phone retailer Svyaznoy.
No. 14: Alejandro Santo Domingo Davila
Age: 36Net Worth: $11.7 billion
A Harvard history grad, Alejandro Santo Domingo Davila is the eldest son from his jet-setting beer magnate father's second marriage. Now a managing director at a New York-based investment advisory firm, Alejandro sits on the board of the Metropolitan Museum of Art in New York.
No. 15: Jack Dorsey
Age: 36Net Worth: $1.1 billion
Jack Dorsey made a name for himself as a cofounder and leader of 160-character microblogging company Twitter, but most of his fortune is derived from his stake in mobile payment company Square. The New York University dropout is a certified masseur known for his eclectic interests, which include, among other things, punk music and clothes.
No. 16: Serra Sabanci
Age: 37Net Worth: $1.3 billion
Serra Sabanci is the daughter of Ozdemir Sabanci who was assassinated in 1996, and a board member of the large conglomerate Sabanci Holding.
No. 17: Nicholas Woodman
Age: 37Net Worth: $1.3 billion
GoPro founder and CEO Nicholas Woodman built the first camera prototypes in his bedroom with his mom's sewing machine and a drill. GoPro came out with its first camera, a 35-millimeter waterproof film version, in 2004. Today, the camera shoots full video in cinema quality HD, allowing anyone from professional surfer Kelly Slater to amateur snowboarders to capture their adventures.
No. 18: Chase Coleman
Age: 37Net Worth: $1.4 billion
The hottest young money manager on the planet, Chase Coleman cooled off a touch in 2012, but his Tiger Global hedge fund extended its impressive winning streak, finishing a third straight year with a net return in excess of 20%.
No. 19: Ryan Kavanaugh
Age: 38Net Worth: $1 billion
Ryan Kavanaugh joins the billionaire ranks for the first time this year thanks to his movie studio, Relativity. Kavanaugh is making money by hitting singles and doubles like the recent Safe Haven, which cost $25 million to make and has grossed more than $50 million at the box office.
No. 20: Andrey Verevskiy
Age: 38Net Worth: $1 billion
Andrey Verevskiy started trading in grain when he was 19 and founded Kernel Holding a decade later, growing it into Ukraine's largest sunflower oil producer. Last year, Verevskiy was elected to Ukraine's Parliament.
No. 21: John Arnold
Age: 38Net Worth: $2.8 billion
John Arnold shocked the hedge fund world in May 2012 when he announced he was calling it a career at age 38. Arnold and his wife Laura, who are signatories of the Giving Pledge, plan to devote much of their time to philanthropy. The couple have already given away more than $1.2 billion.
No. 22: Gary Fegel
Age: 39Net Worth: $1 billion
Gary Fegel attained billionaire status in May 2011 in the wake of Glencore's IPO. After earning his MBA from the University of St. Gallen, Fegel joined the alumina and aluminum department at the commodities titan in 2001.
No. 23: Kostyantin Zhevago
Age: 39Net Worth: $1.5 billion
Son of a mining engineer, Kostyantin Zhevago took over Poltava Iron Ore, the largest exporter of pellets in CIS, at the age of twenty two, and in 2007 he took his mining company Ferrexpo public. An avid soccer fan, Zhevago owns FC Vorska football.
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