A new report shows that the sunrise sector of technology is single-handedly responsible for creating the most wealth among the youth, responsible for the fortunes of seven of the world’s Top 10 billionaires, under the age of 35.
Facebook co-founder and chief executive Mark Zuckerberg took the top spot on a Wealth-X list of the wealthiest individuals under 35.
Overall, nine of the world’s Top 20 under-35 billionaires have made their fortunes thanks to technology, and unsurprisingly, all of the technology titans are self-made, having created their wealth with their own efforts.
Zuckerberg, who boasts a personal fortune of $41.6 billion (Dh153bn) is joined on the list by fellow Facebook co-founders Dustin Moskovitz – who claimed second place on the list with an estimated net worth of $9.3bn (Dh34bn) and Eduardo Saverin, who ranks fourth with an estimated net worth of $5.3bn (Dh19.5bn).
According to the report, 11 of the world’s top 20 wealthiest individuals under the age of 35 are from the US, while three are from China (including Hong Kong) and another three are from Switzerland.
The youngest individual on the list is Snapchat chief executive Evan Spiegel, who at the age of 25 has already amassed a personal fortune of $1.9bn (Dh7bn).
The top 20 list features six women. Huiyan Yang, the 34-year-old vice chairman of Chinese real estate developer Country Garden Holdings, is the richest woman on the list, taking the third spot with an estimated net worth of $5.9bn (Dh21.7bn).