What characteristics do most moguls have in common? One could argue hard work and dedication. While the majority of moguls are self-made, one in our top 10 list inherited his billions.
Regardless of how these young moguls obtained their wealth, this list proves that technology plays a key role in becoming one of the richest young business moguls of 2015. For the sake of this article, we categorized young as someone under the age of 40.
This list is dominated by males in the technology field, however, one female makes her way onto the list; Elizabeth Holmes. The youngest mogul to make the 2015 list is Evan Spiegel; he is only 25 years old! What’s even more interesting about our top 10 is that at least half of the 2015 moguls dropped out of Ivy League universities to pursue their dreams.
Here is the list of the top 10 richest young business moguls of 2015.
1. Mark Zuckerberg (30)
Mark Zuckerberg is the founder of Facebook. He is a college drop-out who became a billionaire by the age of 23. Zuckerberg was sued in 2004 by the Winkelboss brothers who claimed Zuckerberg stole their idea and used it to create his popular social networking site. In 2010, the movie Social Network was based on Zuckerberg creating Facebook. In 2012, Facebook IPO was rumoured to make internet history by having a peak market capitalization of $104 billion. According to Forbes, Zuckerberg’s estimated networth is 35.9 billion.
2. Dustin Moskovitz (30)
Dustin Moskovitz is the CEO of Asana. He is best-known for helping Zuckerberg start Facebook. In 2014, he ranked as the second youngest billionaire in the United States. The business insider reported that Moskovitz likes the following Louis C.K. quote: “I never viewed money as being my money. I always saw it as the money. It’s a resource. If it pools up around me then it needs to be flushed back out into the system.” Forbes estimated that his networth is 8.1 billion.
3. Jan Koum (39)
Jan Koum is the founder of WhatsApp. He was born in Ukraine and immigrated to the United States at the age of 16. Prior to starting WhatsApp, he worked for Yahoo. In 2009, he sold his company to Facebook. It is rumored that Facebook paid 19 billion in cash and stocks. According to Forbes, his estimated networth is 7 billion.
4. Scott Duncan (32)
Scott Duncan is one of four heirs to Enterprise Products. His father is the late Dan Duncan who founded the energy pipeline empire. Forbes has his estimated networth listed as 5.6 billion.
5. Elizabeth Holmes (31)
Elizabeth Holmes is the founder of the blood testing firm Theranos. At the age of 19, she dropped out of Stanford University. In 2003, she started her company which can use one drop of blood to gather a ton of information about a person’s health. According to Forbes, her estimated networth is 4.6 billion.
6. Nicholas Woodman (39)
Nicholas Woodman is the founder and CEO of GoPro. He graduated with a BA from the University of California. In 2002, he started GoPro and took the company public in 2014. GoPro is one of the most popular video cameras that you can wear on the go. According to Forbes, Woodman’s estimated networth is 2.6 billion.
7. Sean Parker (35)
Sean Parker is the founding president of Facebook, and the co-founder of Napster which earned him the number one spot on the music industry’s enemy list. Ironcially, he was played by the musical talent Justin Timberlake in the popular movie the Social Network. In addition, Parker struggles with allergies. Therefore, he donated 24 million to Stanford University with the hopes that they will find a cure. According to Forbes, Parker’s estimated networth is 2.6 billion.
8. Robert Pera (37)
Robert Pera is the CEO of Ubiquiti Networks Inc. He is a graduate of the University of California. In 2011, his company’s IPO made him a billionaire. Prior to starting his company, he worked for Apple. According to Forbes, his estimated networth is 2.1 billion.
9. Travis Kalanick (38)
Travis Kalanick is the co-founder and CEO of Uber Technologies Inc. Uber is the popular car hailing service that is taking the world by storm. Like many of the other top 10, Kalanick dropped-out of the University of California to pursue his dreams. According to Forbes, his estimated networth is 5.3 billion.
10. Evan Spiegel (25)
Evan Spiegel is the CEO of Snapchat. He is rumored to be the youngest billionaire in the world. He is also a college drop-out, that grew up in a ritzy area outside of Malibu, and raised by both his parents who are lawyers. According to Forbes, his estimated networth is 1.5 billion.
Becoming a mogul requires hard work, dedication, and a great idea. Many desire to be moguls, but only a few under the age of 40 have actually achieved this level of success. With technology leading the way, our 2015 richest young business moguls have proven that they have the knowledge, skills, and abilities to stand out from the rest.
Are you familiar with any of their products? Do you believe they deserve to be billionaires? Share with us your thoughts in the comments section below.