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Two from Singapore on Global List of Under-40 Billionaires

Two from Singapore on Global List of Under-40 Billionaires
South China Morning Post | Gang Ye, co-founder of Sea Ltd

The number of the rich under the age of 40 increased to 53, up seven from last year, with the average wealth reaching US$5.2 billion (S$7.2 billion), according to Hurun's latest list of global 40-and-under self-made billionaires.

Among these, 20 are from the United States and 19 from China, accounting for more than 70 per cent of the world's known young billionaires. There were 18 newcomers to the list.

Facebook's founder and CEO Mark Zuckerberg tops the list with his wealth hitting US$84 billion. Image: AFP
Facebook's founder and CEO Mark Zuckerberg tops the list with his wealth hitting US$84 billion. Image: AFP

 

Mr Mark Zuckerberg, social network Facebook's founder and chief executive officer, tops the list with his wealth hitting US$84 billion, a rise of US$4 billion from last year, followed by Chinese billionaires Huang Zheng, founder of Pinduoduo, and Zhang Yiming, chairman of ByteDance, with their wealth at US$18 billion and US$13.8 billion, respectively.

Also on the list, from Singapore, are Facebook co-founder and angel investor Eduardo Saverin, 37, at No. 5 with US$12 billion, and  39-year-old Ye Gang, who co-founded online gaming and e-commerce firm Sea, in the 36th position with wealth worth US$1.6 billion.

There were two women on the list: Ms Kylie Jenner from Kylie Cosmetics and Ms Wu Yan from Hakim Unique Internet Co.

Ms Jenner, at age 22, is also the youngest billionaire, at 46th spot with US$1.1 billion.

From Singapore, also on the list are Facebook co-founder and angel investor Eduardo Saverin (left) and Ye Gang, who co-founded online gaming and e-commerce firm Sea. Image: ST File, Seagroup
From Singapore, also on the list are Facebook co-founder and angel investor Eduardo Saverin (left) and Ye Gang, who co-founded online gaming and e-commerce firm Sea. Image: ST File, Seagroup

These billionaires are mainly from e-commerce (eight), social media (seven), shared economy (six) and online games (five).

Beijing ties with San Francisco in the number of under-40 self-made billionaires, with both having 11 in total.


Source : The Straits Times | The Star | The Jakarta Post | China Daily

Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
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