Many of us break our backs through many years of hard work to earn a decent fortune we can use for our retirement. But a select group of individuals have enough money to give a good life for their subsequent generations. And the best part for these billionaires: they are still very young. Here are America’s ten youngest billionaires and the inspirational stories behind their success.
10 Dustin Moskowitz
Net worth: USD $2.7 billion
If you watched the movie The Social Network, you’ll encounter the name Dustin Moskowitz (portrayed by actor Joseph Mazzello). He is an Internet entrepreneur more popularly known as one of the co-founders of Facebook. With his 7.6% share in Facebook, he has been ranked as the youngest self-made billionaire in the world. But in 2008, he left Facebook to start the web application Asana.
9 Mark Zuckerberg
Net worth: USD $9.4 billion
As far as Facebook is concerned, it wouldn’t have been the world’s top social networking site if it weren’t for the computer prowess of Mark Zuckerberg. He is one of the co-founders and is presently the chairman and CEO of Facebook Inc. With millions and millions of Facebook users worldwide, Zuckerberg is now a legendary example of how computer wizardry can land you top-shelf money.
The decisions and exploits of Zuckerberg is the main reason why the movie The Social Network was produced. While he was racing to the top of the totem pole of the rich and the famous, he encountered many enemies and lawsuits along the way. At 28 years old, he is now happily married and was recognized in 2010 as Time Magazine’s Person of the Year.
8 Scott Duncan
Net worth: USD $4.7 billion
Scott Duncan may just be 29 years old but he has inherited a significant fortune from his father’s company, Enterprise Products. Scott’s father, Dan Duncan was the majority owner of this company that focuses on natural gas and crude oil pipeline work. Dan Duncan was the richest person in Houston as of 2007 and when he died in 2010 due to cerebral hemorrhage, Scott Duncan and his sisters acquired his wealth.
7 Sean Parker
Net worth: USD $1.3 billion
Sean Parker is another billionaire featured in the movie The Social Network and he was portrayed by pop star Justin Timberlake. With his charismatic lifestyle, he convinced Zuckerberg to be the first president of Facebook based on his credentials from creating the file sharing service Napster during the early 2K years.
Although his time as Facebook president did not last, he has continued his involvement with Zuckerberg. Parker has also co-founded Causes, Airtime and Plaxo and has considerable associations with Spotify and Votizen.
6 Jack Dorsey
Net worth: USD $1.1 billion
Facebook is not the only dominant social media platform in the Internet today. Twitter has also established itself as a leading resource when people want to update or be updated about the latest happenings in the world. It has also served as a very useful bridge for ordinary people and celebrities. All of this is the brainchild of Twitter founder Jack Dorsey who has already amassed a fortune for his online creation.
He has also created the mobile business platform Square for online purchases. Square has an estimated value of USD $3.2 billion.
5 Chase Coleman
Net worth: USD $1.5 billion
Chase Coleman is the world’s most profitable hedge funder in 2011 according to many industry analysts. Even with the threat of unstable markets and volatile economies, Chase carried on with his so-called Tiger Cub, the Tiger Global long/short equity fund with co-management from Feroz Dewan. It had an estimated USD $6 billion AUM and had an overwhelming 45% return. All the while, Coleman was beating older competitors in the market.
4 John Arnold
USD $4 billion
John Arnold is another hedge fund manager that made it big at an early age. He concentrated in the field of natural gas trading with his firm, Centaurus Advisors, LLC, from Houston. Because of his success, he recently announced this May 2012 that he is retiring from hedge fund trading.
Arnold created his own company from the bonus he received after leaving his previous employer, Enron. Now with his amassed fortune, he and his wife are now able to donate to causes such as criminal justice, public accountability and education.
3 Sergey Brin
Net worth: USD $20.33 billion
Sergey Brin is half of the dynamic duo that created Google. Starting out as a search engine, Google has grown as one of the most versatile and innovative Internet companies in the world. Brin has been crucial in the development of Google because it was his data mining system back in their Stanford University years that became the backbone of the technology.
Brin’s core values are “Don’t be evil” and “Organize the world’s information and make it universally acceptable.” These have been the vision of Google and with Brin’s 16% share of the company, his net worth keeps on growing.
2 Larry Page
Net worth: USD $20.33 billion
Larry Page is the roommate of Sergey Brin in Stanford University and he is half of their amazing partnership that led to the creation of Google. He is currently the chief executive officer of Google and he invented PageRank, the proprietary technology that became the foundation of Google’s search ranking algorithm. Along with Brin, Page is considered as one of the top minds in computer science and Internet entrepreneurship.
1 Kevin Plank
Net worth: USD $1.335 billion
Kevin Plank is the founder and CEO of Under Armour, a leading brand when it comes to sports performance wear and accessories. His entrepreneurial story is inspirational because it advocated the advancement of athletics with their slogan: “We must protect this house.”
Plank draws upon his personal athletic values to change and improve the comfort and experience of athletes worldwide. With his excellent management style, Under Armour continues to grow and progress.