- Published on : Mar 6 2008
Forbes magazine is well known for their annual list of top billionaires, and I always look forward to the list because I like to see who’s been added and who’s been knocked off. This year Forbes has added Mark Zuckerberg to the list. Not only is this his first time on the list, but Mark is now the youngest billionaire in the world. At only 23, and the founder of social networking site Facebook, it will be fascinating to watch Mark’s net worth on the billionaire chart over the coming years.
Another reason I love the Forbes top millionaire and billionaire lists, is because it shows how the individual’s wealth was earned. I’ve never been a big fan of the listing that inherited their wealth. With Mark Zuckerberg, this is a completely different story. “He is the youngest billionaire in the world right now and we also believe he is the youngest self-made billionaire in history,” said the magazine’s associate editor Matthew Miller, unveiling this year’s super-rich list.
So how much is Mark Zuckerberg actually worth? Forbes magazine puts his personal wealth in the area of $1.5 BILLION. This was said to be a conservative valuation since Facebook is valued in the $5 billion range and Mark’s estimated stake in the company is 30%. However, even these numbers are not definite. There is even speculation that Facebook could be valued in the area of $15 BILLION, especially with Microsoft buying a 1.6% stake in the company for $240 million last year. Forbes instead based it’s valuation on Facebook’s estimated annual sales of $150 million.
Bill Gates’ Reign Comes to an End!
For the first time in 13 years, the reign of Bill Gates as the wealthiest man in the world, has come to a halt! According to Forbes magazine, Warren Buffet has claimed his thrown as the wealthiest man in the world. Carlos Slim Helu and his rapidly growing wealth, has pushed Bill Gates down to the number #3 spot. Warren Buffet’s net worth is valued at $62 billion, up $10 billion from a year ago. Carlos Slim Helu is valued at $60 billion and Bill Gates comes in third with a measly $58 billion!
While Bill Gates was knocked out of first place for the first time in 13 years, anything can happen between now and when the list is released next year. With the possible merger of Yahoo and Microsoft, Bill Gates could easily regain a top position in 2009 if things should swing his way with his major stock holdings. Where will Mark Zuckerberg place on the list next year, and who will fall and rise on the list next year?