MONEY MATTERS | Who are the millennial billionaires?

Becoming a billionaire is no easy feat and that is why only a limited number of people in the world reach billionaire status.

PARIS, FRANCE - MAY 24, 2018 : Facebook CEO Mark Zuckerberg in Press conference at VIVA Technology (Vivatech) the world's rendezvous for startup and leaders. Photo: Frederic Legrand – COMEO / Shutterstock.

Who wants to be a billionaire?

Well, becoming one is certainly no easy feat and that is why only a limited number of people in the world reach billionaire status. From those that do, not much is made about millennial billionaires, given their extraordinary ability to accumulate such a huge amount of wealth at a relatively young age.

Interested in personal wealth, analysed the latest data from Forbes to establish which industries in the world have the most millennial (23 – 38 years old) billionaires.

Here’s a list of what industries have the most millennial billionaires:

There’s no surprise that the technology sector has the most millennial billionaires with 28, where the combined net worth of the top tech millennial billionaires equates to an astonishing $254.5 billion. While, the finance and investment industry has the next most millennial billionaires with eight and the accumulative net worth of the eight millennial billionaires is $24.6 billion.

The automotive, fashion and retail, healthcare and media and entertainment industries respectively have six millennial billionaires each.

Interestingly, the construction and engineering, gambling and casinos, logistics, sports and telecommunications industries have no millennial billionaires.

Overall, there are currently 78 millennial billionaires in the world and the collective net worth of the 78 millennial billionaires is a colossal $418.6 billion.

Here’s the list of the 10 richest millennial billionaires in the world:

The richest millennial billionaire in the world is Mark Zuckerberg, Facebook chief executive, with a sizeable net worth of $97 billion.

In second position is Zhang Yiming, the founder of content media platform ByteDance has a net worth of $35.6 billion.

The chief executive of work management software Asana Dustin Moskovitz ($17.8 billion) and founder of messaging app ‘Telegram’ Pavel Durov ($17.2 billion) are among the other millennial billionaires with a net worth of more than $15 billion.

Here is a breakdown of where the 78 millennial billionaires are from: United States (33.3%), China (20.5%), Germany (10.3%), Russia (5.1%), Brazil (5.1%), Hong Kong (5.1%), Denmark (3.8%), Australia (3.8%), Sweden (2.6%), Canada (2.6%), Ireland (2.6%), Norway (1.3%), United Kingdom (1.3%), India (1.3%) and Finland (1.3%).

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