I World’s Top 5 Richest Millennials

Billionaires

World’s Top 5 Richest Millennials

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.

1. Mark Zuckerberg

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.

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 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. 5. Yang Huiyan & family

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

Investing In Hope

Charles Hanna, CEO of Cedar’s Mediterranean Foods, has been using his influence and wealth to help support Lebanese students and the country while it faces an economic crisis. Despite hard times, he sees opportunity ahead.

You’ve recently been on a mission to support struggling students at the Holy Spirit University of Kaslik (USEK) in Jounieh, Lebanon. Can you tell us about the initiative and how you were able to help them? I have been supporting students in Lebanon in different capacities for the last two years. I was introduced to Dr. Nehme Azour, Dean of the Faculty of Business and Commercial Sciences at USEK, and learned more about the school and its initiatives. I immediately recognized there was a need for support. I met the staff and loved the university. Together we formed a partnership, and I committed to donating a substantial amount towards the tuition of students for the next five years. Students are able to continue their studies and progress, which in turn will set the foundations for their entire lives and help the progress of our great country of Lebanon.

This act of generosity has helped many students continue their higher education. What motivated you to choose to contribute to the education sector specifically? During the revolution two years ago,

Charles Hanna, CEO of Cedar’s Mediterranean Foods with Father Talal Hachem, President of the Holy Spirit University of Kaslik (USEK)

I recognized there were many young people wanting to do something with their lives. They were looking for opportunities, striving for progress. As the economic crisis in Lebanon has unfolded, our youth have been struggling. They wanted to badly to continue their education, but finances were an obstacle keeping them from doing so. These children, young adults, and students’ dreams inspired me to invest in their future and inspire them by lending them a hand because they really deserve an opportunity. By empowering our youth, we continue their dreams and push forward their potential and successful futures. You’ve expressed your support and attachment to Lebanon, your home country, in many ways. What other Lebanon-based initiatives have you been a part of? Through my charity foundation, I have been heavily involved in supporting the people of Lebanon by providing basic human necessities and offering assistance to empower opportunities. This is a major part of my life and something I am fully committed to. I have been providing financial assistance for medication, supporting monthly donations of food, and providing assistance to nursing homes and hospitals throughout the country.

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During the pandemic, I helped provide 80,000 vaccines. I have also been supporting churches, which are very important to me, by rebuilding and refurbishing them. I have built two churches from the ground up in my village. I have also been a major supporter of the Lebanese Army.

Do you have any future plans to further support Lebanon and its people during this difficult time? I continually watch and recognize the needs of our country of Lebanon and remain fluid to what the current situation is. For example, during the pandemic I recognized a need for vaccines and I pivoted to help provide them. I also recognized that hospitals and nursing homes were struggling at this time and I pivoted to provide assistance to help progress our country and support it during the crisis. When something is needed, I recognize it and provide assistance for it. When something comes up again, when Lebanon moves in a different direction, I will move with the flow. I watch to see what the people need and I provide what I can when I can. Right now, it’s medication, food and the basic essential necessities to live, as well as financial assistance in tuition for the progression of our youth.

What are your hopes for Lebanon’s future and what role can its business leaders play in achieving them? My hope for Lebanon is for it to be a free country, where the people get to decide who and what they want for their country and not just for themselves. If the country progresses, our people are able to no longer worry about their survival, but instead about the progression of their dreams and our country as a whole. There is a lot of opportunity in Lebanon that can be realized when it has a stable government. People can work to help the country progress. There is also a lot of creativity in Lebanon throughout different industries and sectors. The opportunities are endless. Our country is so modern and progressive in so many ways that Beirut could again one day be the Paris of the Middle East. It can turn a corner overnight. Anything done here could be pushed out to the rest of the world. There really is no limit to opportunity here. You’ve been able to grow a Mediterranean food empire in the U.S., making Lebanese hummus an international dish. What advice would you give to the entrepreneurial youth of Lebanon? Any dream can be achieved if you put your mind to it. Nothing is out of the question. When I was growing my company, I had a dream and many obstacles that I had to move through, but I was so persistent that I wanted to follow through with my dreams to get it done and get it achieved. Nothing could hold me back from succeeding and achieving. I know in Lebanon there are a lot of obstacles right now. I know and I believe in the people of our country. While we are going through hard times at the moment, the future will still be bright if you pursue it. They say if you make it in New York, you can make it anywhere—I say if you can make it in Beirut you can make it anywhere.

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