The World’s Youngest Billionaire

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  • 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?

Zac Johnson
My name is Zac Johnson and I have been an online entrepreneur for the past 18 years and blogger since 2007. This is my personal blog and I welcome you to the site. In full disclosure, it is safe to assume that I am benefiting financially or otherwise from everything you click on, read, or look at while on my website.
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  • Royal Radande

    Wow! Marc Zuckerburg is doing it up with facebook. He's a very smart kid who thinks BIG!

    • http://www.viralking.com ViralKing

      LOL

      Im 23 this year and my goal is to be worth 10mill by the time Im 28. Nice going Mark, make the rest of us feel small why dont you :P

      Really good achievement, interesting to watch where he goes from here

    • http://www.themakemoneyonline.net Money Making Schemes

      From everything I've read about him I'd say he got lucky rather than thought big! Good luck to the guy though, I'd be happy with 1% of that at the moment.

    • http://www.mayankrocks.com Mayank Rocks

      Woot!

      Thats a lot!

      Congrats to that kid!

  • http://www.startblogging.net/start-a-blog/ Start Blogging

    That's interesting. I knew Mark was rich, but not THAT wealthy!

  • Marc

    I honestly believe he has no business being on that list. Obviously time will tell. My bet is you won't see him there next year.

    • http://www.thewwwblog.com/ Chetan

      I believe he might be there with more numbers, after all social networking is a growing business.

    • Devon

      Looks like time told, eh? ;)

  • http://www.technogumption.com Tom Beaton

    I think he deserves his spot – his company is currently valued at that level. As to whether it will hold its value or not in the years to come is a totally different matter.

    • Marc

      No it isn't.

      • http://www.blackysky.com/blog blackysky

        I think facebook and myspace will died in the next years and comapgny like ning will become bigger because you will have to create a niche social network.. i think this is the future of the social network.. however maybe facebook and myspace will be able to do so… an other problem with those website is be able to make money in a long term..

  • http://www.myboxingfans.com Edgar

    nice article. One day will be in that list

    • http://www.viralking.com ViralKing

      Its a nice dream to have right… :)

      $30k in Berkshire 30 years ago would be worth around 300mill these days (read that some where, can't remember where)

      • http://www.blairclock.com blair

        wow that's a lot of roi

  • http://www.quityourdayjob.com/ Jeremy Palmer

    You have to admire Zuckerberg's accomplishments with Facebook, however, it's just money on paper at this point. Facebook's valuations go up and down billions of dollars at a time, and he's not diversified like Buffet or Gates.

    Does he deserve to be on the list – yes… Will he be on the list in 2015 – wait and see.

  • eMarketing Chat

    To be billionaire and brilliant minded at just a young age, is just amazing!

    • http://www.thewwwblog.com/ Chetan

      Yep the first thing is the courage to run and play with money when he started off the facebook project!

  • http://thegeekboys.com alexader batista

    Thegeekboys.com top 100 thousanaire I'm still trying to get to this list

  • Aaron Novak

    I don't know how i feel living in a world where bill gates isn't the richest man in America, it just doesn't feel right. but good for Mark Zuckerberg youngest billionaire. Why didn't i think of facebook?

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  • http://www.pccounter.net Asif Siddiqu

    Thats so inspiring a 23 old Billionaire

    i hope you are going to featured on forbes list soon :) and inspiring internet marketers like me will follow you :)

  • DamnSmiley

    WOW this is so cool, i always admire Mark Zuckerberg so much with his facebook achievements. Nice move there and hey Zac nice post!!!

  • http://www.gsmsimlockverwijderen.nl Simlock verwijderen

    Interesting post. He is a very lucky man with $1.5 billion dollar, I don't know what to do with so much money, do you?

  • http://marketoutthere.com/ Bhumika

    Did Mark knew when he was developing Facebook, that he was indeed making move towards Top Billionaires list!

  • Sunglasses

    When are you going to make the list Zac? I plan on being there by 2050! :)

    • http://www.thewwwblog.com/ Chetan

      Ha ha lol.. There would be 50 times more billionaires by then.

      Zac would soon be in a great position though ;)

  • JimBob

    Mark Z, is a no talent jerk off. Facebook will fall off the face of the planet ala myspace.. His interview on 60 minutes the other day clearly shows he is no visionary.

  • http://success2success.blogspot.com/ The Manager

    wow. I wonder what life is like for a 23 year old with $1.5 billion? Zac, you'll be there soon, and so will I !

  • Mike Huang

    Wow, talk about money and age….

    -Mike

  • http://lifewithouthobbes.wordpress.com .Calvin

    Did you notice that Mr Buffet managed to pump up a 19.23% his net worth in US$ terms in a falling market? Even after a 13.24% drop in the USD/EUR exchange rate he managed to increase his wealth a 3.44% in euro terms! The man is good!

    As he said the other day on CNBC, he didn't make his money out of predicting the market, but out of 'staying out of trouble'! Let's learn a bit, you lot! (Included me)

    .Calvin

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  • http://www.snugd.com/2008/03/07/bill-gates-goes-to-third/ Rich man

    I never imagined that simple interface would make some one billionaire.

    • http://www.thewwwblog.com/ Chetan

      No one could imagine that!

      And Harvard Student always Rocks..

  • http://www.teethremoval.com wisdom

    Wow I hadn't heard about Bill Gates falling from the top.

  • Deal Money

    It's great when someone takes an idea and makes it better. Facebook is a much better social networking tool than most of them. Awesome wealth!

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  • Futon-Matt

    Thats pretty crazy at only 23.

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  • Kris

    Hmm .. I'm 16 years old now, but my friend and I've promise eachother to be Millionaires before we're 20 years ;) ..

    – Soo Billionair at 23 – Is okay ;)

  • http://www.startanewcareer.com David Miller

    Its somewhat ridiculous to say he is worth $1.5 billion. The Microsoft investment was made when people still believed there was a good way to monetize social content. Google lost alot of money paying Myspace an upfront on their search, and Microsoft has been doing poorly with their facebook investment as well. Zuckerberg owns less than half of an unprofitable company doing $150 million in revenue. The company as a whole is worth $1.5 billion in today's economy and that is at a VERY generous 10 times revenues, find me another unprofitable tech company worth 10 times revenue

    • Thought

      Facebook is different … show me another unprofitable company doing $150 million in revenue, that so many of us would be willing to comment on

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  • Kelechi

    Being a billionaire is one thing, staying one is another. Hope he's got his acts together to maintain that position.. talking from experience :)

  • bobla

    greatness is unlimited

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  • http://www.myfreeps3.net PS3

    Damn, why couldn't i come up with Facebook! Pretty impressive that he's a billionaire at the age of 23!

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  • Larry Pitcher

    Since I do not have his personal email, here is my open acceptance to Warren Buffett to be the first Hedge Fund Manager in Chicago to pledge 50% of our performance fees and 50% of my personal net worth to charity!!

    Larry Pitcher

    Managing Partner, Quantitative Algorithms Capital Partners

  • Abiy

    I don't wanna hear about Bill Gates’ loos!
    plz dear Bill Gates’ make it rise on and keep up making money!
    other wise i will add u ma money to get in the firest class!
    Just guss how much i might add u!

  • http://www.gsneakreview.com Google Sneak Review

    This guy has some seriously smart genius in him. Well done especially for a 26year old!

  • Wills

    Thank you…..The article was brilliant…Billionaires talk….bless

  • http://www.howtogetricheasily.com Get Rich Easily

    thanks for the post. Oh the possibilities when you have that much money!

  • Amma

    Good job Zac, just wait til i show up

  • http://zestah.com/ Luxurious Locations

    I had watched how Mark had the Facebook ideas on the latest movie. It was really brilliant and just at the right time. It was a great display of persistence and guts. Congrats!
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