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

Two from Singapore on Global List of Under-40 Billionaires

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

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