These Are the World’s Top 10 Young Billionaires

These Are the World's Top 10 Young BillionairesLife isn’t fair. Some earn their billions; others are born into them.

Most of the world’s youngest billionaires fall in the latter category, but not Mark Elliot Zuckerberg. The 31-year-old hoodie clad programming prodigy is without a doubt a standout self-made billionaire, striking it beyond rich with a social media game-changer that forever transformed how humans communicate — one billion of us and counting.

The Facebook co-founder and CEO once again claims the top spot on Singapore-based consultancy Wealth-X’s annual list of the wealthiest individuals younger than 35, released in August. Two of his co-founders — one of whom joined the cocksure techie in dropping out of Harvard to work on Facebook full time — also made the list.

Related: Billionaire Wisdom: 8 Insights From a Quartet of the World’s Most Effective Entrepreneurs

Three of Facebook’s original five founders aren’t the only power tech trio on the roundup. Airbnb’s founding trio — Brian Chesky, 33, Nathan Blecharczyk, 32, and Joe Gebbia, 33 — also grace the mindbogglingly wealthy who’s who. The youngest mogul to make the list is Snapchat co-founder and CEO Evan Spiegel, only a tender 25 and sitting on a colossal fortune of an estimated $1.9 billion. Must be nice.

For a look at Wealth-X’s top 10 young billionaires, check out the envy-inducing roundup below.

10. Thomas Persson

Image credit: H&M

Age: 30
Company: Hennes & Mauritz (H&M)
Estimated net worth: $2.7 billion

Swedish heartthrob Thomas Persson is living the luxe life thanks to a popular cheap chic retailer you know as H&M. While its image is hot, young and current, the story of the Swedish company behind the brand dates back to 1968, when Persson’s grandfather merged two European apparel shops by the names of Hennes and Mauritz Widforss. Now you know.

The billionaire bachelor’s father is Sweden’s richest person, and his brother, sister and aunt are all billionaires, too. When Persson’s not busy globetrotting, gracing glitzy red carpets and painting the town red, the London Met Film School grad dabbles in film production.

9. Joe Gebbia

Image credit: Airbnb

Age: 33
Company: Airbnb
Estimated net worth: $3 billion

Joe Gebbia, Airbnb’s bowtie-wearing co-founder and chief product officer, founded three businesses before launching Airbnb with his former Rhode Island School of Design classmate Brian Chesky. An avid inventor, he designed and patented a buttox-shaped portable seat cushion called CritBuns. He also founded two now-defunct graphic design-focused web ventures.

The avid mid-century modern architecture fan helped drive Airbnb deeper into the business travel market this year, expanding to new markets in Cuba and Africa. He says his “ultimate dream” is to book at night at the Eames Case Study House No. 8 in Pacific Palisades, Calif. We have a sinking suspicion he could afford to, that is if it were an option.

Related: Airbnb Co-Founder: If Rejection Slows You Down, Entrepreneurship Isn’t For You

8. Brian Chesky

Image credit: airbnb.com

Age: 33
Company: Airbnb
Estimated net worth: $3 billion

Back in 2007, Brian Chesky and his roommate Joe Gebbia were too broke to pay rent on their San Francisco apartment. To avoid getting booted by their landlord, the enterprising industrial designers decided to rent out three air mattresses on their floor for $80 bucks a piece. The sharing economy forefathers hobbled together a basic website advertising their crash pad for rent and the rest — a few setbacks along the way included — is history.

Eight years and a none-too-shabby leg up from Y Combinator later, the scrappy little Internet startup that almost never was puts an estimated 800,000 people up every night in some two million listings in 190 countries, reigning supreme in the coveted Silicon Valley unicorn club.

Chesky said his mom thought the premise of Airbnb — letting strangers sleep at your pad when you’re out of town — was “the worst idea ever.” Who’s skeptical now, Deborah Chesky? Not only does your son have the health insurance you wanted him to have, he also has more money than he knows what to do with.

Related: Billionaire Mark Cuban on Raising Kids: ‘I Don’t Want Them to Be Entitled Jerks’

7. Nathan Blecharczyk

Image credit: Airbnb

Age: 32
Company: Airbnb
Estimated net worth: $3 billion

Airbnb isn’t Nathan Blecharczyk’s first major entrepreneurial endeavor. The Harvard computer science grad founded a pioneering Internet marketing business while still in high school that served clients in 20 countries. Before co-founding Airbnb in 2008 and overseeing the $25 billion-dollar online accommodations rental hub’s tech strategy as CTO, he worked in various software engineer posts at Microsoft, Batiq and OPNET Technologies.

6. Elizabeth Holmes

Image credit: Elizabeth Holmes | Twitter

Age: 31
Company: Theranos
Estimated net worth: $4.5 billion

Like Mark Zuckerberg, Elizabeth Holmes dropped out of an Ivy League university during her sophomore year to pursue her entrepreneurial dreams. At age 19, the ambitious chemical engineering major quit Stanford and bootstrapped Theranos, a revolutionary Palo Alto, Calif.-based blood diagnostics startup, mainly with money her parents saved for her college education.

The now-$9 billion company, poised to upend the $73 billion dollar diagnostics industry, was recently rocked by an explosive Wall Street Journal exposé. The tell-all alleges that Theranos has struggled with and neglected to use its proprietary fingertip-prick blood test technology. Holmes has hit back at the criticism, saying the company is awaiting FDA approval it will “absolutely” get.

Related: Out For Blood: Theranos Orchestrates Bold PR Coup in the Face of Damning Allegations

5. Scott Duncan

Image credit: Enterprise Product Partners

Age: 32
Company: Enterprise Product Partners
Estimated net worth: $5 billion

Scott Duncan is living proof that you don’t have to be a Silicon Valley tech wizard to be in the billionaire club these days. The golden spooner inherited his father’s astronomically successful energy pipeline company in 2010, alongside his three sisters. And you bet they’re billionaires, too.

The Houston-based big game hunter may have grown up rich, but his entrepreneur father, Dan Duncan, hailed from humble beginnings. The son of an impoverished farmer, he launched Enterprise with $10,000 and two propane trucks. From there, he slowly, steadily amassed a monumental oil and gas fortune that his children reap the benefits of today.

4. Eduardo Saverin

Image credit: Eduardo Saverin | Facebook

Age: 33
Company: 99
Net worth: $5.3 billion

Brazil-born Eduardo Saverin met Mark Zuckerberg during his junior year at Harvard and quickly became best friends with him. The Facebook co-founder — and first investor and chief financial officer — was famously jilted by Zuckerberg just after the social network took off.

Brutally screwed out of his original 30 percent stake in the company, the serial angel investor sued Zuckerberg, eventually settling out of court for an undisclosed amount. We will likely never know how much Zuck forked over, as Saverin, like the Winklevoss twins, was made to sign a non-disclosure agreement as part of the deal.

The accomplished economist and serial angel investor is now on the board of directors of 99.co, a Singapore-based real estate buying and selling platform. Had Saverin kept his original stake in Facebook, he’d now be worth somewhere near $34 billion. What a pity.

3. Yang Huiyan

Image credit: WealthX

Age: 34
Company: Country Garden Holdings
Estimated net worth: $5.9 billion

China native Yang Huiyan received much of her real estate magnate father’s fortune when he transferred his property development company, Country Garden Holdings, to her in 2007. The momentous change of hands made her the youngest female billionaire in the world at the time. The reportedly low-key Ohio State University grad is now believed to be the richest woman in Asia.

Related: 8 CEOs Who Amassed a Fortune Before Age 30 (Infographic)

2. Dustin Moskovitz

Image credit: WikiCommons

Age: 31
Company: Asana
Estimated net worth: $9.3 billion

Dustin Moskovitz, nicknamed “Destroyer” during his four-year founding run at Facebook, lucked out as one of Mark Zuckerberg’s dormitory roommates at Harvard. Facebook’s first chief technology officer also dropped out of the Ivy League institution after moving to Palo Alto, Calif., to springboard the social behemoth to the next level. The self-taught coder, who learned to program specifically to launch Facebook, later left the company to co-found Asana, an app that enables coworkers to collaborate without email.

1. Mark Zuckerberg

Image credit: Mark Zuckerberg | Facebook

Age: 31
Company: Facebook
Estimated net worth: $46.1 billion

Mark Zuckerberg, aka “Slayer” to his former frat bros, launched “thefacebook.com” from his Harvard dorm room on Feb. 4, 2004. He was just 19 at the time and “didn’t know much about business back then.” Two years before that instant-hit stroke of genius, when he was still in high school, the coding wunderkind turned down a $1 million offer from Microsoft. Along with AOL, Bill Gates’ software company wanted to scoop up Zuckerberg’s Synapse Media Player, an innovative music streaming app he invented. Zuck was wise and held out. Later, MTV wanted to buy Facebook for $75 million. Again, he didn’t budge. After all, that’s chump change to the high roller now.

[“source-Entrepreneur”]

This City Just Unseated New York City as the Billionaire Capital of the World

This City Just Unseated New York City as the Billionaire Capital of the WorldBeijing just surpassed New York City to become the city with the most billionaires in the world. A hundred billionaires are based in the Chinese capital compared to New York City’s 95, according to findings from theHurun Global Rich List, an annual wealth ranking from the Shanghai-based Hurun Report.

Bill Gates and Warren Buffett are still the first and second wealthiest people in the world, with net worths of $80 billion and $68 billion, respectively. Zara founder Amancio Ortega comes in at number three with assets totaling $64 billion, followed by Amazon’s Jeff Bezos ($53 billion). Mexican business magnate and investor Carlos Slim Helu rounds out the top five with a net worth of $50 billion.

Related: These Are the World’s Top 10 Young Billionaires

The two wealthiest people in China are Wang Jianlin ($26 billion), the Chairman of the Wanda Group — a luxury commercial property company and the world’s largest movie chain operator – and Li Ka-Shing ($25 billion), the 87-year-old Chairman of CK Hutchison Holdings, investor and philanthropist.

For the first time, China has overtaken the U.S. as the country with the most billionaires. The five-year-old list reports that there are now 2,188 billionaires around the world, 50 percent more than in 2013.

[“source-Entrepreneur”]

8 Indian tech Startups that raised over USD 1 million in 2016

8 Indian tech Startups that raised over USD 1 million in 2016Indian entrepreneurs are attracting a steady rise of angel and steady investors towards their startups with ease, and the figures are shockingly higher than they ever have been. From all genres of startups in the sub-continent, technology startups have attracted the most investments and attention. Indian tech startups are disruptive, game changing and have revolutionized the way business works fundamentally. It has been the sincere hard work of all teammates, the idea that was revolutionary enough to catch the eye of investors risking millions of $ worth of investment into these ideas.

But who won what? Here’s a list of 8 technology startups that raised over a million USD in India recently:

IoT & M2M Solutions: USD 4 million
Altizone, a Pune based startup which deals with IoT & M2M Solutions received Private equity from Wipro Ventures & Lumis Partners worth 4 million US$ in early February. Claiming to revolutionize loT & M2M solutions, the startup offers promising options.

Driving data & an analytics platform: USD 13.5 million
Zendrive received a whooping 13.5 million US$ from Sherpa Capital, Nyca Partners and Thomvest Ventures on 5th February 2016 in the form of private equity. This Bangalore based startup provides safe driving data & an analytics platform. Using analysis of aggressive driver behavior and real time coordination with speeds and location, it provides feedback to drivers on how to drive more responsibly keeping our roads safer.

Solar power solutions: USD 1 million
Based in Mumbai, on 12th February iGrenEnergi received 1million US$ from Sunil Mehta via seed funding. They provide solar power solutions including disruptive products to optimize energy generation, conversion, storage as well as smart grid interactions.

Data analytics: Almost USD 1 million
BetterPlace, a Bangalore based tech startup raised almost a million dollars (970,000 US$) via seed funding from United Seed Fund on 16th February 2016. They provide data analytics based verification services platform with a motto to “safe power every Indian”. Verification services can be used to hire safer employees, partner safer colleagues, safer living spaces and training in safety for its clients.

In-building connectivity: USD 2.3 million
Via a private equity, iBus Networks scored a funding of 2.3 million US$ from Vallabh Bhanshali, N Squared Management LLC, Jagdish & Sandeep Mehta Family Office. Based in Bangalore, iBus aims to provide next generation in-building connectivity.

Local language mobile OS: USD 5 million
Indus OS, a Mumbai based startup raised 5 million US$ via a private equity from Omidyar Network last week. The startup has developed a local languages based mobile OS, which can offer tremendous potential.

Electronic payments solution: USD 35 million
An electronic payments solution startup called EPS raised a staggering amount of 35 million US$ from APIS Partners. They are offering ATM solutions and electronic transfers of funds catered to specific needs and have their startup based in Mumbai.

Cloud based data processing: USD 30 million
The Bangalore based enterprise cloud based data processing startup raised 30 million US$ from Institutional Venture Partners, Norwest Venture Partners, Lightspeed Venture Partners, CRV via private equity. Cloud data processing offers large potential for possible growth in the future.

Does this list inspire you and your tech startup? What’s the highest funding story you’ve heard? Let us know in the comments on our official Facebook page, Entrepreneur India

[“source-Entrepreneur”]

6 Things You Can Do Every Day to Become a Better Entrepreneur

6 Things You Can Do Every Day to Become a Better EntrepreneurJoin us in a city near you at Entrepreneur’s Accelerate Your Business event series kicking off Feb 23. View cities and dates »

Success in entrepreneurship is not an end destination. It’s a daily battle to be your best version of yourself even as you put out information, services and products that help your customers’ lives. It’s a constant work in progress that requires consistent effort. The “laptop lifestyle” version of entrepreneurship exists only in misleading Facebook ads.

Related: 6 Words That Will Forever Change How You Wake Up in the Morning

Running a successful business means planning for the future. You should have monthly and yearly goals. But, to be successful with those goals requires their daily implementation. Here are six things you can do every day to become a better entrepreneur and one who accomplish all of your biggest goals.

1. Plan each day the night before.

Yeah, I know what you’re thinking: duh. You know that it’s important to plan the night before, yet, many who will read this DON’T. You wake up and “wing it” all day hoping to be productive –and that’s a terrible strategy. To make the most of each day, you need a solid plan.

This plan includes knowing what’s important and what’s a wish. There are things that have to get done and things that can wait. We tend to want to do the easier tasks, but that may be hurting your business. Spend some time each night getting honest about where your focus needs to be.

2. Wake up a little earlier.

What time you wake up is a personal choice, but you should wake up early enough to have some you time. There should be some quiet time each morning to reflect, refresh and get re-energized. You can spend this time meditating, praying and engaging in some physical exercise. Getting your blood pumping and clearing your mind are elements of a formula many successful entrepreneurs use daily.

3. Start your day with positivity.

As you wake up earlier, have a plan for what you will feed your mind with. I’m not going to tell you to avoid email and social media. I am going to tell you to feed your mind with inspirational and motivation content. The specific media isn’t important: podcasts, videos, books, magazines, etc. What is important is to not let negativity ruin your day before it’s even started.

4. Don’t give your time away.

One of the best ways to ruin a productive day is to give into distractions. Distractions come from people and situations that want your time. When you veer away from your plan in order to deal with someone else’s urgent problem, you give up control. Becoming a better entrepreneur starts with planning and sticking to that plan. It also involves having the strength to say no. It stings to hurt people’s feelings, but this is your life and business. So, do what’s right for you.

5. Work on one project at a time.

The myth of multi-tasking as a valid strategy has been around as long as entrepreneurship has, but science has proven it’s not effective.. Instead stick to your plan for the day and take each task one at a time. Give your full attention and energy to making what you’re working on the best it can be. You’re not striving for perfection, but you are striving for excellence.

Related: Forget Multitasking. Real Productivity Comes From Singletasking.

6. Respect your work-life boundaries.

As entrepreneurs, we are all about pushing hard to hits our goals, but that’s a surefire way to burn out. Some of the world’s most successful entrepreneurs have clear boundaries. You decide ahead of time when you’ll stop “work” and focus on your personal life. You decide not to take business call all hours of the day and night.

There are more than six things to put on this list, of course, but these are a good start. It takes a lot out of you to be a good entrepreneur. It takes focusing on what’s right for you and your customers. It takes putting in the not-so-exciting daily work that leads to success.

Overall, the main goal of entrepreneurship is to create freedom in your life and make an impact in the lives of those whom your business serves. To do that, you need a plan, focus and constant growth both personally and in your business. Set yourself up for success each day, and strive to get better.

Related: 5 Tips for Maintaining Work-Life Balance, From People Who’ve Been There

[“source-Entrepreneur”]