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Hurun Global Forty and Under Self-Made Billionaires 2019

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Hurun Report today released the Hurun Global Forty and Under Self-Made Billionaires 2019, a ranking of the self-made US dollar billionaires forty years and under currently found in the world.

HURUN REPORT FINDS 46 SELF-MADE BILLIONAIRES IN WORLD AGED 40 & UNDER


USA AND CHINA DOMINATE WITH 21 AND 16, MAKING UP 80% OF THE WORLD’S SELF-MADE BILLIONAIRES 40 & UNDER


WITH US$80BN, MARK ZUCKERBERG, 34, IS WORLD’S NO.1 UNDER 40


SAN FRANCISCO (12), GLOBAL CAPITAL FOR YOUNG BILLIONAIRES FOLLOWED BY BEIJING (9)


FASTEST RISER IS ZHANG YIMING (36) OF NEWSFEED AND SHORT VIDEO PLATFORM BYTEDANCE, WHO SAW WEALTH TRIPLE TO US$14BN


10 NEW FACES, LED BY COLIN HUANG ZHENG (39) OF CHINA ECOMMERCE PLATFORM PINDUODUO WITH US$15BN AND BITCOIN MINER ZHAN KETUAN (40) OF BITMAIN


WITH 34 BILLIONAIRES, TMT ACCOUNTS FOR 77% OF LIST


7 YEARS TO MAKE FIRST BILLION ON AVERAGE


WITH 7 LISTINGS, NASDAQ IS THE PREFERRED EXCHANGE


HURUN REPORT, WORLD’S LARGEST RICH LIST PROVIDER, RELEASES HURUN GLOBAL FORTY AND UNDER SELF-MADE BILLIONAIRES 2019


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(29 March 2019, Shanghai, China, and Mumbai, India) Hurun Report today released the Hurun Global Forty and Under Self-Made Billionaires 2019, a ranking of the self-made US dollar billionaires forty years and under currently found in the world. Wealth calculations are a snapshot of 31 January 2019.  This is the fourth year of the ranking and is a sub list of the Hurun Global Rich List, released on 26 February.

 

With US$80bn, Mark Zuckerberg, 34, from Facebook tops the list, followed by Dustin Moskovitz of Facebook and Huang Zhang of Pinduoduo.

·         John Collison (28) of Stripe and Evan Spiegel (28) of Snapchat are the youngest billionaire with US$2.6bn and US$1.7 respectively.

·         With 12 billionaires, San Francisco is the preferred city of residence followed by Beijing with 9 billionaires

·         Average age of list is 36 years

 

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “2019 is the first time that China has overtaken the USA when it comes to young billionaires.” (US tops under 40 list)

 

Table 1: Top 10 Hurun Global Rich List – Forty and Under Self-Made Billionaires 2019

Rank

Name

Net Worth  US$bn

Change

Main Company

Age

Age at First Billion

Years to First Billion

Country of Residence

1-

Mark Zuckerberg

80

1%

Facebook

34

23

5

USA

2-

Dustin Moskovitz

15

0%

Facebook

34

26

5

USA

2*

Huang Zheng

15

New

PDD

39

37

2

China

4

Zhang Yiming

14

192%

ByteDance

36

34

5

China

5

Eduardo Saverin

9.8

-11%

Facebook

36

28

5

Singapore

6*

Mike Cannon-Brookes

6.7

68%

Atlassian

39

27

5

Australia

6*

Scott Farquhar

6.7

68%

Atlassian

39

27

5

Australia

6

Wang Tao

6.7

18%

DJI

39

38

6

China

6

Robert Pera

6.7

43%

Ubiquiti Networks

40

35

8

USA

10*

Adam Neumann

6.5

103%

WeWork

39

35

5

USA

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10

Source: Loong Palace·Hurun Global Rich List 2019


Mark Zuckerberg, 34, remains the richest billionaire in the world under the age of 40, with US$80bn. Zuckerberg launched out aged 19, and took five years to become a dollar billionaire on paper. Facebook currently has a market capitalization of almost US$500bn, of which Zuckerberg owns about 14%. The company saw a dip in its share price last year after the Cambridge Analytica scandal broke out but has since managed to steady its value.


With US$15bn, Dustin Moskovitz, 34, co-founded Facebook with then-roommate and Harvard University student Mark Zuckerberg, retained the second spot.  Most of his wealth comes from his 3% stake in Facebook. He is an active investor and has co-founded software company Asana. Moskovitz built a philanthropic foundation called Good Ventures along with his wife which focuses on marital well-being and healthcare.


Colin Huang Zheng (39) made his first billion after just two years of founding Pinduoduo, the fastest to a billion in the world, faster than Zuckerberg’s five years and much faster than Jeff Bezos. Huang shot straight into the Top 100 of the Hurun Global Rich List, at 73rd, and second in the Under Forty list. Founded in 2015, Pinduoduo listed in the US after just three years of operation and today has over 400 million active buyers.


Zhang Yiming of ByteDance, 36, all but tripled his wealth to US$14bn and fourth on this Under Forty list. ByteDance has grown to become the world’s largest unicorn after Jack Ma’s Ant Financial, with a valuation today of US$75 billion, overtaking Baidu. Starting out with newsfeed app Toutiao, ByteDance has since expanded to short video apps Tik Tok and Musical. Ly, focusing not just on China but on the rest of the world.


Most of Eduardo Saverin’s wealth is from his stake in Facebook, bringing him US$9.8bn and fifth place in the Under Forty list. Today, Singapore-based Saverin is a venture capitalist and has co-founded B Capital Group, which actively invests in budding entrepreneurs.


Mike Cannon-Brookes & Scott Farquhar, 39, of Sydney-based software firm Atlassian, each saw their wealth jump by 68%, shooting them into the Under Forty Top 10 with US$6.7bn each.


Frank Wang Tao, 39, of drone and robotics maker DJI, ranked 6th in the Hurun Global Under Forty list with US$6.7bn. Shenzhen-based DJI dominates the consumer drone market, but has struggled to push beyond.


Robert Pera, 40, of Ubiquiti Networks, a global communications technology company that manufactures wireless data communication products for enterprises, came in sixth with US$6.7bn. Pera owns the Memphis Grizzlies, an American professional basketball team.


Adam Neumann, 39, of WeWork, saw a spectacular 103% rise in his wealth to bag the tenth spot with US$6.5bn. Neumann is an investor with stakes in cannabis company InterCure and start-up EquityBee.

 

Where they live.

By country, USA tops the list with 21 billionaires under 40 years, followed by China (16).


Table 2: Self-made Billionaires Under 40 by Country


Country

No. of Billionaires

Change

Richest Person

Net Worth (US$Bn)

1-

USA

21

1

Mark Zuckerberg

80

2-

China

16

-1

Huang Zheng

15

3-

Australia

2

0

Scott Farquhar, Mike   Cannon-Brookes

6.7

3

Sweden

2

1

Daniel Ek

2.3

3

UAE

2

1

Divyank Turakhia

1.7

6

Singapore

1

0

Eduardo Saverin

9.8

6

India

1

0

Vijay Shekhar Sharma

1.5

6

Canada

1

0

Tobias Lutke

1.6

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy

Source: Loong Palace·Hurun Global Rich List 2019

 

By city, San Francisco leads with 12, followed by Beijing with 9 billionaires. Garrett Camp from Uber is the richest young billionaire in San Francisco.

Table 3: Under 40 self-made Billionaires by City


City

No. of billionaires

Change

Richest Person

Net Worth (US$Bn)

1-

San Francisco

12

0

Garrett Camp

4.8

2-

Beijing

9

1

Zhang Yiming

14

3-

Shanghai

3

-2

Huang Zheng

15

3↑

Shenzhen

3

0

Wang Tao

6.7

5-

Sydney

2

0

Scott Farquhar, Mike   Cannon-Brookes

6.7

5-

New York

2

0

Adam Neumann

6.5

5-

Los Angeles

2

0

Bobby Murphy, Evan   Spiegel

1.7

5*

Stockholm

2

2

Daniel Ek

2.3

↑ Rank increase yoy - No Rank change yoy * New to Top 5

Source: Loong Palace·Hurun Global Rich List 2019

 

Average time to make the first billion: 7 years.

Table 4: The “Fastest to a Billion”

Years to first billion

Name

Company

Start-up year

2

Huang Zheng

Pinduoduo

2015

3

Bobby Murphy & Evan Spiegel

Snapchat 

2011

3

Cheng Wei

Didi

2012

5

Zhang Yiming

ByteDance

2012

5

Mark Zuckerberg

Facebook

2004

5

Adam Neumann

WeWork

2010

5

Mike Cannon-Brookes &   Scott Farquhar

Atlassian

2002

6

Vijay Shekhar Sharma

Paytm

2010

6

Garrett Camp & Ryan Graves

Uber

2009

6

Yoshikazu Tanaka

Gree

2004

6

John Collison & Patrick Collison

Stripes

2010

6

Brian Armstrong

Coinbase

2012

7

Dustin Moskovitz, Eduardo Saverin   & Sean Parker

Facebook

2004

7

Joe Gebbia & Nathan   Blecharczyk

Airbnb

2008

7

Kevin Systrom

Instagram

2010

8

Ben Silbermann

Pinterest

2009

8

Evan Sharp

Pinterest

2009

8

Robert Pera

Ubiquiti

2005

Source: Loong Palace·Hurun Global Rich List 2019

 

Points of interest

·         21-year-old Kylie Jenner of the Kardashian-Jenner family, a reality star who founded US$300mn revenue cosmetic company Kylie Cosmetics in 2015 is a strong contender to replace John Collison as the youngest self-made billionaire. Hurun Report currently values her at US$900mn.

·         A large chunk of the Under 40 billionaires made their wealth through internet-related products. Brands like Facebook, Instagram, Snapchat, Pinterest, Dropbox, Spotify etc., all appeal to a younger generation, providing them a platform to share ideas and opinions.

·         8 have emigrated, the richest being Brazilian Eduardo Saverin of Facebook, who lives in Singapore today.

·         2 women make the list.

·         Irish-born brothers John (28) and Patrick Collison (30) are the youngest Self-made billionaires in the world. The duo founded the start-up Stripe that facilitates online payment for businesses. In 2018, a US$245mn funding round led by Tiger Global Management valued the company at US20bn, more than double its previous year valuation. 

·         Adam Neumann co-founded WeWork, a communal working space which was the first of its kind when it came out in 2010. He is the only real estate billionaire in the list with his company valued at US$42bn.


Industry wise classification of Billionaires

TMT has produced the most billionaires with 34 billionaires and tops the list


Table 5: Under 40 self-made Billionaires by industry


Industry

No. of billionaires

Richest Person

Company

1-

TMT

34

Mark Zuckerberg

Facebook

2 -

Financial Services

2

Patrick Collison, John Collison

Stripe

2 -

Health Care

2

Khaleefa Butti Bin Omair Al-Muhairi

NMC Health

- No Rank change yoy

Source: Loong Palace·Hurun Global Rich List 2019


Self-Made Under 40 Billionaires

Table 6: Self-Made Score Card and Percentage of Under 40 Self Made billionaires and top countries

Self-Made  Scorecard

% of Under 40 self-made billionaires

Top Countries (with %. of Under   40 self-made billionaires)

Example

5

32%

1. China (93%)

Self-made without parental   financial support eg: Huang Zheng

2. USA (7%)

4

68%

1. USA (67%)

Self-made, but with a helping   hand from parents such as through private education eg: Mark Zuckerberg

2 Australia (7%)

Source: Loong Palace·Hurun Global Rich List 2019

 

Table 7: Hurun Global Rich List – Self-made & Under Forty

Rank

Name

Net Worth    (US$Bn)

%   change

Main   Company

Age

Country   of Residence

Industry

1  

Mark   Zuckerberg

80

1%

Facebook  

34

USA

Social   network

2  

Dustin   Moskovitz

15

0%

Facebook

34

USA

Social   network

2  

Huang   Zheng

15.0

New

Pinduoduo

39

China

e-commerce

4  

Zhang   Yiming

14.0

192%

ByteDance

36

China

Internet   Media

5  

Eduardo   Saverin

9.8

-11%

Facebook

36

Singapore

Social   network

6  

Mike   Cannon-Brookes

6.7

68%

Atlassian

39

Australia

Software

6  

Scott   Farquhar

6.7

68%

Atlassian

39

Australia

Software

6  

Robert   Pera

6.7

43%

Ubiquiti   Networks

40

USA

Hardware

6  

Wang   Tao

6.7

18%

DJI

39

China

Drones

10  

Adam   Neumann

6.5

103%

WeWork

39

USA

Shared   office space

11  

Zhang   Bangxin

5.3

-9%

TAL

39

China

Education

12  

Garrett   Camp

4.8

12%

Uber

40

USA

Internet   Based Services

13  

Nathan   Blecharczyk

4.7

12%

Airbnb

34

USA

Internet   Based Services

13  

Brian   Chesky

4.7

12%

Airbnb

37

USA

Internet   Based Services

13  

Joe   Gebbia

4.7

12%

Airbnb

37

USA

Internet   Based Services

16  

Andrew   W. Houston

3.6

New

Dropbox

35

USA

Software

16  

Wang   Xing

3.6

-16%

Meituan-Dianping

40

China

Internet   Based Services

18  

Sean   Parker

3.0

3%

Facebook

39

USA

Social   network

19  

Zhan   Ketuan

2.7

New

Bitmain

40

China

Bitcoin   mining

20  

John   Collison

2.6

117%

Stripe

28

USA

Software

20  

Patrick   Collison

2.6

117%

Stripe

30

USA

Software

22  

Cheng   Wei

2.4

-11%

Didi

36

China

Internet   Based Services

22  

Wang   Qicheng & Wu Yan

2.4

-41%

Hakim

39,   38

China

Entertainment,   Investments

24  

Daniel   Ek

2.3

New

Spotify

35

Sweden

Internet   Media

25  

Su   Hua

2.2

New

Kuaishou

37

China

Internet   Media

26  

Xie   Jia

2.1

-5%

DJI

-

China

Drones

27  

Orion   Hindawi

1.8

50%

Tanium

39

USA

Software

27  

Peng   Guoyuan

1.8

New

NWY

38

China

Education,   real estate

29  

Divyank   Turakhia

1.7

-6%

Media.Net

37

UAE

Investments

29  

Markus   Persson

1.7

0%

Minecraft

39

Sweden

Software

29  

Ben   Silbermann

1.7

21%

Pinterest

36

USA

Internet   Media

29  

Evan   Spiegel

1.7

-47%

Snapchat

28

USA

Messaging app 

29  

Bobby   Murphy

1.7

-47%

Snapchat

30

USA

Messaging app 

34  

Tobias   Lutke

1.6

45%

Shopify

38

Canada

e-commerce

34  

Ryan   Graves

1.6

45%

Uber  

35

USA

Internet   Based Services

36  

Kevin   Systrom

1.5

-21%

Instagram

35

USA

Internet   Media

36  

Vijay   Shekhar Sharma

1.5

-29%

Paytm

39

India

Online   payments

36  

Wu   Jihan

1.5

New

Bitmain

33

China

Bitcoin   mining

39  

Evan   Sharp

1.4

27%

Pinterest

35

USA

Internet   Media

40  

Brian   Armstrong

1.3

New

Coinbase

36

USA

Crypto   Exchange

40  

Tang   Yan & Zhang Sichuan

1.3

-13%

MOMO

40,  -

China

Software  

40  

Ying   Shuling

1.3

0%

Yingxiong

38

China

Online   games

43  

Khaleefa   Butti bin Omair Al-Muhairi

1.2

New

NMC   Health

40

UAE

Healthcare

44  

Rishi   Shah

1.0

-74%

Outcome   Health

32

USA

Healthcare

44  

Shao   Heng

1.0

New

Century   Huatong Automotive Part

34

China

Automobile

Source: Loong Palace·Hurun Global Rich List 2019

 

Table 8: Hurun Global Rich List – Inherited & Under Forty

Hurun Report has separately listed the Top 40 Under Forty, who inherited their fortune. Germany, China and the USA led the way.


Name

Wealth US$Bn

% change

Main Company

Age

Country of Residence

1

Yang Huiyan

23

-28%

Country Garden

38

China

2

Yan Hao & family

18

-5%

China Pacific Construction

33

China

3

Hugh Grosvenor

17

-6%

Grosvenor

28

UK

4

Lukas Walton

13

-13%

Walmart

32

USA

5

Adam Kwok Kai-fai & family

8

-10%

Sun Hung Kai

36

China

6

Marie Besnier Beauvalot

5.6

-2%

Lactalis

38

France

7

Scott Duncan

5

-12%

Enterprise Products

35

USA

8

Otto Philipp Braun

4.6

7%

B. Braun

40

Germany

8

Roshni Nadar

4.6

New

HCL

37

India

10

Sebastian Kulczyk & Family

4.3

2%

Sab Miller

38

Poland

11

Agnete Kirk Thinggaard

4.2

40%

Lego

35

Denmark

11

Zhang Gang & family

4.2

2%

Xinfalyudian

38

China

13

Andreas Santo Domingo

3

-17%

Sab Miller

40

USA

14

Gustav Magnar Witzoe

2.9

71%

Salmar

25

Norway

15

Tatiana Casiraghi

2.4

4%

SABMiller

35

Monaco

16

Eva Maria Braun-Luedicke

2.3

5%

B. Braun

32

Germany

16

Friederike Braun-Luedicke

2.3

5%

B. Braun

35

Germany

18

Julia Oetker

2.1

11%

Dr Oetker

40

Germany

18

Lynsi Torres

2.1

91%

In N Out Burgers

36

USA

20

Anna Maria Braun

2

5%

B. Braun

40

Germany

20

Johanna Braun

2

5%

B. Braun

39

Germany

20

Karl Friedrich Braun

2

5%

B. Braun

36

Germany

23

Ludwig Theodore Braun

1.9

6%

B. Braun

29

Germany

24

Alexandra Andresen

1.7

31%

Ferd

22

Norway

24

Fahd Hariri

1.7

0%

Turk Telekomunikasyon

38

France

24

Katherina Andresen

1.7

31%

Ferd

23

Netherlands

27

Wang Han

1.6

-11%

JuneYao

32

China

28

Julio Mario Santo Domingo III

1.5

-17%

Sab Miller

32

USA

29

Tom Persson

1.3

0%

Hennes & Mauritz

34

Sweden

30

Aiyawatt Srivaddhanaprabha

1.2

New

King Power Duty Free

33

Thailand

30

Apichet Srivaddhanaprabha

1.2

New

King Power Duty Free

36

Thailand

30

Aroonroong Srivaddhanaprabha

1.2

New

King Power Duty Free

34

Thailand

30

He Qi

1.2

New

Junhe

37

China

30

Katarina Martinson

1.2

9%

LE Lundbergforetagen

37

Sweden

30

Louise Lindh

1.2

20%

LE Lundbergforetagen

39

Sweden

30

Nilima Motaparti

1.2

20%

Divi's Lab

35

India

30

Voramas Srivaddhanaprabha

1.2

New

King Power Duty Free

37

Thailand

38

B Vamsi Krishna

1.1

-27%

Hetero Group

35

India

39

Anton Kathrein Jr

1

-9%

Kathrein - Werke

34

Germany

39

Bianca Rinehart  

1

0%

Hancock Prospecting

40

Australia

39

Ginia Rinehart

1

New

Hancock Prospecting

32

Australia

39

Hope Rinehart Welker

1

0%

Hancock Prospecting

32

Australia

39

Parul Gangwal

1

New

Interglobe Aviation

28

USA

Source: Loong Palace·Hurun Global Rich List 2019

 

Stats

Year

No.   of people on list

Avg.   Wealth US$bn

Number   One

No.   1 Wealth US$bn

2016

39

3.7

Mark   Zuckerberg

47

2017

47

3.8

Mark   Zuckerberg

58

2018

45

4.8

Mark   Zuckerberg

79

2019

46

5.5

Mark   Zuckerberg

80

 

 

About Hurun Report Inc.


In 2019, Hurun Report will host the three-day Hurun Young Global Leaders Innovation Era event in Shenzhen from September 19 to 21, inviting unicorn founders to meet with young entrepreneurs. On the second day, Hurun Report will recognise the most successful entrepreneurs under 30. Nominations are welcome.

 

Established in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today. Hurun Report Inc. has four main divisions.

 

Hurun Research Institute ‘World’s Largest Rich List Provider’

2019 marks the 20th anniversary of Hurun Report, highlighting the fastest wealth creating period in the history of the world.

 

The Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.

 

The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary.  With no inheritance tax, Chinese give much more generously than many have previously understood. 

 

Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.

 

In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.

 

‘World Authority on the Chinese High Net Worth Individual’

Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).

 

Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.

 

The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.

 

Media and Events ‘The Hurun brand gets 200 million views a month in China’ and 100 million views across the rest of the world a month

The Hurun brand has become one of the few non-Chinese media brands to become a household name across China.

 

Hurun Media monetizes 1 million views a month in China, through its wechat, weibo, website and legacy magazine.

 

Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.

 

Hurun Report kicked off the world's largest Chinese New Year dinner series in Shanghai on January 16, and went to 8 cities across 4 continents. Toronto on Jan 20, New York Jan 23, LA Jan 25, London Jan 28, Istanbul Jan 29, Luxembourg Jan 31 and ending up in Sydney on Feb 18. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.

 

Investments

Hurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.

 

                                               微信图片_20190307110512.png

The number "20" is integrated into the Chinese character ‘’ pronounced 'yi', meaning 'friendship', symbolizing how building friendships is at the core of how Hurun Report does business with its partners.

For further information, see www.hurun.net

 

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新闻稿:《2019胡润全球少壮派白手起家富豪榜》20190319.docx

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