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HURUN GLOBAL UNDER 40 & SELF MADE RICH LIST

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Hurun Report today released the Hurun Global Rich List - Forty and Under Self-Made Billionaires 2017

       

PRESS RELEASE HURUN GLOBAL UNDER 40 & SELF MADE RICH LIST

 

47 BILLIONAIRES IN WORLD UNDER 40 AND SELF-MADE

 

ON AVERAGE 7 YEARS TO MAKE FIRST BILLION

 

WITH US$58BN, MARK ZUCKERBERG IS THE RICHEST BILLIONAIRE IN THE HURUN GLOBAL UNDER 40 RICH LIST 2017

 

TOP 4 FROM FACEBOOK

 

ZHOU YIFENG, 39, WITH HER SPOUSE, WANG MINGXIANG

FROM ORIENTAL ENERGY IS THE RICHEST UNDER 40 SELF MADE WOMAN SHARING WEALTH OF US$1BN

 

WITH 20 BILLIONAIRES, USA IS PREFERRED COUNTRY FOR YOUNG BILLIONAIRES FOLLOWED BY CHINA (18)

 

WITH 12 BILLIONAIRES, SAN FRANCISCO, PREFERRED CITY

 

ON AVERAGE, WEALTH HAS INCREASED BY 29%; RISERS LED BY SNAPCHAT’S BOBBY MURPHY (27) AND EVAN SPIEGEL (26) WHO SAW THEIR WEALTH INCREASE BY 178% TO US$5BN EACH

 

14 BILLIONAIRES UNDER 40 DEBUTED HURUN GLOBAL RICH LIST 2017; ADAM NEUMAN (37), OF WEWORK IS THE WEALTHIEST NEW ENTRANT (US$3BN) UNDER 40

 

WITH US$1BN, KIRILL SHAMALOV, SON-IN-LAW OF RUSSIAN PREMIER, VLADIMIR PUTIN IS A NEW ENTRANT IN THE HURUN GLOBAL UNDER 40 SELF-MADE RICH LIST

 

WITH 5 BILLIONAIRES, HARVARD GRADUATES LED THE WAY

 

24 SAW THEIR WEALTH INCREASE AND 8 SAW THEIR WEALTH DECREASE

 

WITH 21 LISTINGS, NEW YORK STOCK EXCHANGE IS PREFERRED EXCHANGE OF THE YOUNG AND SELF MADE

 

TMT, THE LEADING SECTOR WITH 33 BILLIONAIRES FOLLOWED BY INVESTMENTS (3)

 

LEADING AUTHORITY ON WORLD’S WEALTHY RELEASES HURUN GLOBAL RICH LIST – FORTY AND UNDER SELF-MADE BILLIONAIRES 2017

 

(4 July 2017, Shanghai, China) Hurun Report today released the Hurun Global Rich List - Forty and Under Self-Made Billionaires 2017, a ranking of the self-made US dollar billionaires forty years and under currently found in the world. Wealth calculations are a snapshot of 15 January 2017. This is the second year of the ranking and is a sub list of the Hurun Global Rich List, released on 7 March.

 

The Hurun Global Under 40 Self-made Rich List 2017 ranked 47 Under 40 billionaires

·  With wealth of US$58bn, Mark Zuckerberg from Facebook tops the list, followed by Dustin Moskovitz from Facebook (US$10bn) and Eduardo Saverin from Facebook (US$8bn)

·  Evan Spiegel (26) of Snapchat is the youngest billionaire with a net worth of US$5Bn

· San Francisco with 12 billionaires is the preferred city followed by Beijing and Shanghai with 8 billionaires and 3 billionaires each.

·   The average age of billionaires is 36 years.

 

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “80% of the world’s ‘40 years or under’ billionaires come from the US and China. That should be pretty scary for the rest of the world.”

 

Table: Top 10 Hurun Global Rich List – Forty and Under Self-Made Billionaires 2017


 Name

 Net   Worth  US$Bn

Main Company

 Age

Age at First Billion

Years to First Billion

 Country of Residence

1

Mark Zuckerberg

58

Facebook

33

23

4

USA

2

Dustin Moskovitz

9.9

Facebook

32

26

7

USA

3

Eduardo Saverin

7.5

Facebook

34

28

7

Singapore

4

Sean Parker

6.9

Facebook

37

31

7

USA

5

Travis Kalanick

6.0

Uber

40

38

6

USA

5

Garrett Camp

6.0

Uber

38

36

6

USA

7

Bobby Murphy

4.9

Snapchat

27

24

3

USA

7

Evan Spiegel

4.9

Snapchat

26

23

3

USA

9

Wang Tao

4.0

DJI-Innovations

37

36

10

China

10

Brian Chesky

3.7

AirBnb

35

33

7

USA

10

Nathan   Blecharczyk

3.7

AirBnb

33

31

7

USA

10

Joe Gebbia

3.7

AirBnb

35

33

7

USA

Source: Hurun Research Institute 2017

 

Mark Zuckerberg, 33, secures the first position with a fortune of US$58bn. Zuckerberg launched Facebook with his college roommates and fellow Harvard University students. Facebook expanded rapidly and has reached more than 1.86 billion active users and currently has a market capitalization of US$ 400bn. Zuckerberg, along with his wife, Priscilla Chan, announced that they would give majority of their wealth for philanthropy causes and have donated 99% of his Facebook stock to public interest causes.  

With a networth of US$9.9bn, Dustin Moskovitz, 32, helped launch Facebook with then-roommate and Harvard University student, Mark Zuckerberg and most of his wealth comes from the 3% stake in Facebook.  He also cofounded Asana, a software company. Moskovitz and his wife, has built a philanthropic foundation called Good ventures, which focuses on causes such as Marriage equality and healthcare.

Eduardo Saverin, 34, the cofounder of Facebook still derives wealth from his minority stake in the company. Eduardo Saverin and prominent Silicon Valley investor Raj Ganguly closed a $143 million venture fund, with emphasis on India and South East Asia. 

Sean Parker, 37, an American entrepreneur and philanthropist served as the first president to serve in Facebook. With a wealth of US$6.9bn, an increase of 84%, stands in 4th position in the Under 40 Hurun Rich List. The increase of his wealth is mainly due to the share price movements. He is the founder and chairman of the Parker Foundation, which focuses on life sciences, global public health, and civic engagement.

Travis Kalanick (40), Garrett Camp (38) of Uber Technologies share the fifth position with networth of US$6.0bn each.  Travis Kalanick and Garret Camp, the cofounders of Uber Technologies, has reached a US$1.1bn in revenue. The company raised a $5.5 billion financing which included a large investment from Saudi Arabia's sovereign wealth fund. But the ride-hailing gaint Uber has lost in China and Didi Chuxing has acquired Uber China.

Bobby Murphy (27) and Evan Spiegel (26), the cofounders of Snapchat share a wealth of US$4.9bn. Snapchat plans to raise US$3bn in an initial public offering which would the largest US tech IPO. Snap made a net loss of $515m in 2016, wider than its $373m loss the year before.

Wang Tao (37), the founder and CEO of DJI Technology Co., a privately held robotics firm, ranks 9th in the Hurun Global Under 40 Self Made Rich List with fortune of US$4bn. Shenzhen-based DJI maintains a stranglehold on the consumer drone market, where its flagship model, the Phantom, is the most popular product. In 2016, DJI unveiled Mavic, a smaller, foldable drone and Wang owns about 45% of the company.

With a wealth of US$3.7bn, Brian Chesky (35) Nathan Blecharczyk (33) and Joe Gebbia (35) of Airbnb shares the 10th position in the Hurun Global Rich List 2017 and co-founded the hospitality exchange service Airbnb.  After Trumps immigration ban, Brian Chesky offered free housing to refugees not allowed in US. In 2015, the Obama Administration named Chesky as a Presidential Ambassador for Global Entrepreneurship

Divyank Turakhia (35), the founder of Directi, has a wealth of US$1.5bn and made his fortune by selling ad tech firm Media.net for US$900mn to a Chinese consortium in August and  plans to spend US$110mn in four newer ventures to buy a 1 lakh square feet building in central Bengaluru to accommodate its expansion .

With a networth of US$1.8bn, Shamsheer Vayalil (40), founded and runs VPS Healthcare, a network of hospitals, clinics and pharmacies in the UAE and India. Vayalil is the son-in-law of NRI business tycoon MA Yusuf Ali, who owns the LuLu hypermarket chain in the Middle East.
VPS Healthcare acquired New-Delhi headquartered Rockland Hospital for US$222mn.

 

Notable Drop outs from Self-made under 40

Widespread reporting of inaccurate lab test results resulted in decline of Theranos, which led to the exit of Elizabeth Holmes, 33, from Hurun Global Rich List 2017

Sachin Bansal and Binny Bansal, founders of Bangalore based e-commerce Commerce Company moved out of Hurun Global Rich List 2017 due to a hit in valuation caused by competition from Amazon and Alibaba.

Where they live.

 By country, USA tops the list with 20 billionaires under 40 years, followed by China (18).  Mark Zuckerberg from Facebook is the richest man in the USA with wealth of US$58bn.

Table 2: Under 40 Billionaires by Country


Country

No of   billionaires

Richest   Billionaire

Net Worth   (US$Bn)

1

USA

20

Mark   Zuckerberg

58

2

China

18

Wang   Tao

4

3

UAE

2

Shamsheer   Vayalil

2

3

Australia

2

Mike   Cannon – Brookes

2

3

Russia  

2

Maxim   Nogotkov

1

Source: Hurun Research Institute 2017

 

By city, San Francisco leads with 12, followed by Beijing with 8 billionaires. Dustin Moskovitz from Facebook is the richest man in San Francisco.

Table 3: Under 40 Billionaires by City


City

No. of   women billionaires

Richest billionaires

Net Worth   (US$Bn)

1

San   Francisco

12

Dustin   Moskovitz

10

2

Beijing

8

Wu   Gang

3

3

Shanghai

3

Li   Yong

2

4

Sydney  

2

Mike   Cannon-Brookes

2

4

New York

2

Sean   Parker

6.9

4

Venice

2

Bobby   Murphy

5

4

Moscow  

2

Maxim   Nogotkov

1

4

Shenzhen

2

Wang   Tao

4

Source: Hurun Research Institute 2017

 

Average time to make the first billion: 7 years.

Table: The “Fastest to a Billion”

Years to first billion

Name

Company

Start-up year

3

Bobby Murphy   & Evan Spiegel

Snapchat 

2011

3

Chen Wei

Didi

2012

4

Li Weiwei

Shunrong

2011

4

Mark   Zuckerberg

Facebook

2004

5

Lin Qi

Youzu   Interactive

2009

5

Adam Neuman

WeWork

2010

5

Mike   Cannon-Brookes & Scott Farquhar     

Atlassian

2002

6

Vijay Shekhar   Sharma

Paytm

2010

6

Garrett Camp,   Travis Kalanick & Ryan Graves

Uber

2009

6

Jack Dorsey

Twitter

2006

6

Yoshikazu   Tanaka

Gree

2004

6

John Collison   & Patrick Collison

Stripes

2010

7

Dustin   Moskovitz, Eduardo Saverin & Sean Parker

Facebook

2004

7

Joe Gebbia,   Nathan Blecharczyk & Brian Chesky

Airbnb

2008

8

Ben   Silbermann

Pinterest

2009

8

Evan Sharp

Pinterest

2009

8

Robert Pera

Ubiquity

2005

Source: Hurun Research Institute 2016

 

The fastest people on the planet to make billionaire status are Evan Spiegel and Bobby Murphy, who managed it only three years after starting up Snapchat in 2011. Snapchat is a photo messaging app that allows users send photos, record videos, text and drawings. In March 2015 Chinese e-commerce giant Alibaba invested US$200m in a deal that valued Snapchat at US$15bn.

Mark Zuckerberg was a billionaire aged 23, four years after starting up. The other three co-founders only became billionaires at the time of the IPO.

For Stripes founders John Collison and Patrick Collison, it took 6 years to become billionaires. Stripes, founded in 2010, offers unified APIs and tools that instantly enable businesses to accept and manage online payments.

Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk took 7 years. In December 2015, Airbnb raised US$1.5bn, valuing the business at US$25bn.

 

Industry wise classification of Billionaires

TMT has produced the most billionaires with 33 billionaires and tops the list, followed by Investment with 3 billionaires. Other industries that had a good year include Manufacturing, Energy and Financial Services.

Table 4: Under 40 Billionaires by industry


Industry

No. of billionaires

Richest Under 40   Billionaire

Company

1

TMT

33

Mark   Zuckerberg

Facebook

2

Investments  

3

Wu   Gang

JD Capital

3

Manufacturing  

2

Zhou   Yifeng  

Oriental Energy

3

Energy  

2

Li   Yong

Huaxin

3

Financial   Services

2

Patrick   Collison and John Collison

Stripes

Source: Hurun Research Institute 2017

 

Table 7: Under 40 Hurun Rich List (Inherited)

Rank

 Name

 Wealth US$Bn

 % change

Main   Company

 Age

Country   of Residence

1

Hugh Grosvenor

15

New

Grosvenor

26

UK

2

Yan   Hao & family

14

0%

China   Pacific Construction

31

China

3

Lucas   Walton

9.4

New

Walmart

30

USA

4

Yang   Huiyan

8.7

34%

Country   Garden

36

China

5

Adam   Kwok & family

6.0

5%

Sun   Hung Kai

34

China

6

Scott   Duncan

5.6

33%

Enterprise   Products

34

USA

7

Marie   Besnier Beauvalot

4.9

-22%

Lactalis

36

France

8

Alejandro   Santo Domingo

4.0

-49%

Sab   Miller

39

USA

8

Andreas   Santo Domingo

4.0

-49%

Sab   Miller

38

USA

8

Sebastian   Kulczyk & family

4.0

67%

Sab   Miller

34

Poland

11

Otto   Philipp Braun

3.9

New

B.   Braun

39

Germany

12

Lawrence   Ho

2.6

4%

Melco

40

China

13

Yvonne   Bauer & family

2.5

14%

Bauer   Media

38

Germany

14

Bernhard   Sebastian Braun-Luedicke

2.0

New

B.   Braun

40

Germany

14

Eva   Maria Braun-Luedicke

2.0

New

B.   Braun

30

Germany

14

Friederike   Braun-Luedicke

2.0

New

B.   Braun

33

Germany

14

Julio   Mario Santo Domingo III

2.0

-74%

Sab   Miller

31

USA

14

Tatiana   Casiraghi

2.0

-17%

SABMiller

33

Monaco

19

Julia   Oetker

1.8

13%

Dr   Oetker

39

Germany

20

Anna   Maria Braun

1.7

New

B.   Braun

38

Germany

20

Fahd   Hariri

1.7

42%

Turk   Telekomunikasyon

34

France

20

Johanna   Braun

1.7

New

B.   Braun

37

Germany

20

Karl   Friedrich Braun

1.7

New

B. Braun

34

Germany

24

Ludwig   Theodore Braun

1.6

New

B.   Braun

27

Germany

25

Charlotte   Soderstrom

1.5

-38%

Hennes   & Mauritz

40

Sweden

25

Ciliandra   Fangiono & family

1.5

New

First   Resources

40

Indonesia

25

Tom   Persson

1.5

-38%

Hennes   & Mauritz

32

Sweden

25

Wang   Han

1.5

0%

JuneYao  

30

China

29

Kang   Qiao

1.4

New

Searainbow  Corp

35

China

30

Anton   Kathrein Jr

1.2

-33%

Katherein   Werkel

31

Germany

31

Miriam   Blocher

1.1

-21%

EMS   Chemie

39

Switzerland

32

Lynsi   Torres

1.0

-42%

In N   Out Burgers

34

USA

 


 

Hurun Global Rich List 2017 - Forty & Under Self-made

For more, see www.hurun.net

Rank

Name

Net Worth  (US$Bn)

 % change

Main Company

Age

Country of Residence

Industry

1

Mark Zuckerberg

58

23%

Facebook

33

USA

Technology

2

Dustin Moskovitz

9.9

-1%

Facebook

32

USA

Technology

3

Eduardo Saverin

7.5

35%

Facebook

34

Singapore

Technology

4

Sean Parker

6.9

84%

Facebook

37

USA

Technology

5

Garrett Camp

6.0

9%

Uber Technologies

38

USA

Transport (mobile   app-based)

5

Travis Kalanick

6.0

9%

Uber Technologies

40

USA

Transport (mobile   app-based)

7

Bobby Murphy

4.9

178%

Snapchat

27

USA

Technology

7

Evan Spiegel

4.9

178%

Snapchat

26

USA

Technology

9

Wang Tao

4.0

18%

DJI-Innovations

37

China

TMT

10

Brian Chesky

3.7

3%

AirBnb

35

USA

Social networking service

10

Joe Gebbia

3.7

3%

AirBnb

35

USA

Social networking service

10

Nathan Blecharczyk

3.7

3%

AirBnb

33

USA

Social networking service

13

Robert Pera

3.6

112%

Ubiquity Networks

36

USA

Technology

14

Wang Qicheng & Wu Yan

3.1

48%

Hakim

37, 36

China

TMT

15

Adam Neuman

2.6

New

WeWork

37

USA

Technology

16

Wu Gang

2.5

-7%

JD Capital

40

China

Investments

17

Wang Xing

2.3

53%

Meituan

38

China

科技

17

Zhang Bangxin

2.3

77%

TAL

37

China

Education

19

Mike Cannon-Brookes

2.1

11%

Atlassian

37

Australia

Business Software

19

Scott Farquhar

2.1

11%

Atlassian

37

Australia

Business Software

19

Li Yong

2.1

-43%

Huaxin

40

China

Energy

22

Cheng Wei

1.9

90%

Didi

34

China

科技

22

Huang Xiaojie

1.9

6%

JD Capital

39

China

Investments

24

Shamsheer   Vayalil

1.8

 New

VPS   Healthcare

40

UAE

Healthcare

25

Markus Persson

1.7

New

Minecraft

37

USA

Entertainment

26

Jack Dorsey

1.6

-4%

Twitter

40

USA

Technology

27

Maxim Nogotkov

1.5

5%

Svyaznoy Retail

39

Russia

Multi Brand Retailing

27

Divyank Turakhia

1.5

 New

media.net

35

UAE

Technology

27

Vijay Shekhar Sharma

1.5

New

Paytm

38

India

Technology

27

Zhou Yifeng

1.5

50%

Oriental Energy

39

China

Petrochemicals

31

Ryan Graves

1.4

New

Uber Technologies

33

USA

Technology

31

Yi Rubo

1.4

0%

Zhongall

39

China

Real Estate

31

Wu Qiang

1.4

-7%

JD Capital

37

China

Investments

34

John Collison

1.3

30%

Stripe

27

USA

Financial Services

34

Patrick   Collison

1.3

30%

Stripe

28

USA

Financial Services

34

Ben Silbermann

1.3

New

Pinterest

34

USA

Technology

37

Orion Hindawi

1.2

New

Tanium

37

USA

Software

37

Yoshikazu Tanaka

1.2

9%

Gree International

39

Japan

Technology

37

Liu Ruopeng

1.2

New

Kuang-chi

34

China

Super material

40

Ying Shuling

1.1

New

Yingxiong

36

China

科技

40

Cai Xiaoru

1.1

-21%

Tatwah Smartech

38

China

TMT

40

Evan Sharp

1.1

New

Pinterest

34

USA

Technology

40

Lin Qi

1.1

-27%

Youzu

36

China

TMT

40

Chen Danian

1.1

New

Shanda

39

China

TMT

45

Kirill Shamalov

1.0

New

Sibur

34

Russia

Petrochemicals

45

Li Weiwei

1.0

-9%

Wuhu Shunrong Automobile

40

China

Automobiles & Auto   Components

45

Wang Mingxiang & Zhou   Yifeng

1.0

New

Oriental Energy

39

China

Energy

 

 

About Hurun Report Inc.

 

Nobody Knows China’s Rich Better!

 

Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research house, media and lifestyle investments business based in Shanghai, China, best-known for its rankings of the richest people in China, India and the rest of the world.

 

Hurun Report Inc. has four divisions: Hurun Research Institute; Hurun Media; Hurun Conferences and Training, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Lifestyle and Investments, with investments in education, interior design, horses, bespoke tailoring, media and retail.



For further information, see 

Hurun Global Under 40 & Self Made Rich List 2017 ENG&CHN.xlsx

新闻稿:《2017胡润全球少壮派白手起家富豪榜》170704.docx

Press Release - Hurun Global Under 40 & Self Made Rich List 2017 ENG170704.docx

 

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Email: porsha.pan@hurun.net




Keywords:胡润百富、全球榜
Editor:Pinkle Xu