Forbes Middle East - English Issue - May 2022

Page 19

Billionaires

World’s Top 5 Richest Millennials

1. Mark Zuckerberg

5. Yang Huiyan & family

Age: 37 • Country: U.S. World’s billionaires ranking: 15 Net worth: $67.3 billion Source: Meta Zuckerberg is the co-founder and CEO of Facebook’s parent company Meta. He is also the richest millennial and the 15th richest person in the world. He’s fallen 10 spots since 2021, when he ranked five. Meta’s Q4 2021 results were also disappointing. It recorded $10.3 billion in net income in Q4 2021, or $3.67 per share. It had been expecting to post $3.84 per share for that period. However, it reported revenue of $33.7 billion—$300 million more than was forecasted.

BY MOHAMED ALKHALIFA; PHOTO BY KEVIN DIETSCH / GETTY IMAGES NORTH AMERICA / AFP

2. Zhang Yiming Age: 38 • Country: China World’s billionaires ranking: 25 Net worth: $50 billion Source: TikTok Yiming’s ranking has increased 14 spots from number 39 in 2021. Yiming is the founder of ByteDance, TikTok’s mother company, and used to be the company’s CEO before stepping down in May 2021. According to Forbes, Yiming owns an estimated 22% stake in the media platforms company, which also owns Toutiao, Douyin, Helo, and Buzz F O R B E S M I D D L E E A S T.C O M

Age: 40 • Country: China World’s billionaires ranking: 85 Net worth: $18.7 billion Source: Real estate

Video. Yiming first appeared on the Forbes 30 Under 30 list in 2013 at age 29.

3. Sam Bankman-Fried Age: 30 Country: U.S. World’s billionaires ranking: 60 Net worth: $24 billion Source: Cryptocurrency exchange The third richest millennial in the world’s increased wealth moved him up significantly on the billionaires list in the last year, from 274 in 2021 to 60 in 2022. Sam BankmanFried is one of the richest people in crypto thanks to his FTX exchange, which he launched in 2019, and the Alameda Research trading firm. In October 2021, FTX raised $421 million, pushing the company’s valuation at the time to $25 billion.

4. Guillaume Pousaz Age: 40 • Country: U.K. World’s billionaires ranking: 66 Net worth: $23 billion Source: Fintech Swiss entrepreneur Guillaume Pousaz’s wealth has also seen a significant jump, raising him from number 262 in 2021 to 66 in 2022. He is the founder of London-based checkout. com, a payment platform that he founded in 2012 to solve the problem of online payment processing for sellers and shoppers. In 2022, the company raised $1 billion from private investors, pushing its valuation to $40 billion. According to Forbes, Pousaz owns an estimated nearly two-thirds of the payment platform.

Huiyan has dropped 35 spots, from 50 in 2021 to 85 in 2022. She owns a majority stake of 57% of real estate developer Country Garden Holdings, which was transferred by her father in 2007. The company was founded in 1992, and it operates in property development, construction, property investment, property management, and hotel operation. The company was ranked number 140 in Forbes’ Global 2000 List in 2021.

And enter Generation X… Millennials are growing up—there are younger movers and shakers in town. There’s one member of Gen-X, born after 1997, on the Forbes’ billionaires list 2022.

Kevin David Lehmann Age: 19 • Country: Germany Net worth: $2.4 billion Source: Drugstores

Lehmann owns 50% of his family business, Germany’s leading drugstore chain, dm (drogerie markt), which brings in over $12 billion in annual revenue. MAY 2022

17 LEADERBOARD

While elder millennials are now entering their 40s, they are still among the youngest billionaires in the world. Here are the five richest millennials—that is those born between 1981 and 1996—from Forbes’ World’s Billionaires 2022. Net worths were calculated as of March 11, 2022.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.