Technology Produces Highest Number Of World Millennial Billionaires –Report
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A recent report has revealed that Technology is the sector that has the highest number of millennial billionaires – 28 of them, and the combined net worth of the 28 tech millennial billionaires equates an astonishing $254.5 billion!.
Ghe report was presented by PhysicalGold.com, based on the latest data from Forbes, intended to establish which industries in the world have the most millennial (23 – 38 years old) billionaires.
Millennials, also called Generation Y, are persons born between 1981 and 1996, currently between 25 and 40 years old.
According to the report, the automotive, fashion, and retail, healthcare as well as media and entertainment industries respectively have six millennial billionaires each.
Worthy of note in the report is that construction and engineering, gambling and casinos, logistics, sports and telecommunications industries have no millennial billionaires.
There are currently 78 millennial billionaires in the world and the collective net worth of the 78 millennial billionaires is a colossal $418.6 billion, the report stated.
In addition, the reported identified the 10 richest millennial billionaires in the world and their net worth.
Going by the report, the richest millennial billionaire in the world is ‘Facebook’ CEO, Mark Zuckerberg, with a sizeable net worth of $97 billion.
In second position is Zhang Yiming, the founder of content media platform, ‘ByteDance’, whose net worth is $35.6 billion.
The CEO of work management software, ‘Asana’, Dustin Moskovitz ($17.8 billion), and founder of messaging app, ‘Telegram’, Pavel Durov ($17.2 billion), are among the other millennial billionaires with a net worth of more than $15 billion.
Millennial billionaires who accumulated their fortune from more than one sector/industry (identified as ‘diversified’) were excluded from the present research, and there were five millennial billionaires who fell under the ‘diversified’ classification.
A breakdown showed that the 78 millennial billionaires are from the United States (33.3%), China (20.5%), Germany (10.3%), Russia (5.1%), Brazil (5.1%), Hong Kong (5.1%), Denmark (3.8%), Australia (3.8%), Sweden (2.6%), Canada (2.6%), Ireland (2.6%), Norway (1.3%), United Kingdom (1.3%), India (1.3%), and Finland (1.3%).