Mark Zuckerberg, Dustin Moskovitz, Facebook Founders, Named Youngest Billionaires
The days when it took decades and grey hairs to amass a fortune rather than inherit it have clearly passed. Silicon Valley billionaires have been sprouting up like roses and none more incredibly nouveau riche and youthful than those on Forbes' list, released Monday, of the planet's richest. Out of the 1,426 billionaires, 23 are under 40. The wealthiest baby faced twenty-somethings are Facebook's founders, Zuckerberg and Moskovitz.. These 28-year-olds have net worths of $3.8 billion (Moskovitz is 8 days younger than Zuckerberg and is therefore, #1 on the list of youngest billionaires) and $13.3 billion (Zuckerberg).
The third, from Germany, Albert von Thurn und Taxis who is 29 and the fourth, American, Scott Duncan 30, inherited their wealth. The Facebook Founder who ended up being diluted and ousted from the fledgling company when it transitioned, then litigated and settled reinstating his co-foundership designation, Eduardo Saverin, is the fifth youngest billionaire at 30. Saverin is worth $2.2 billion, and is beyond the grip of U.S. IRS' penchant for collecting capital gains on investments. Saverin renounced his U.S. citizenship and moved to Singapore, many believe to avoid paying taxes, which Saverin has denied through a representative.
Moskovitz and Zuckerberg only are paired up on the Forbes youngest billionaire list. Moskovitz, Zuckerberg's roommate when both were at Harvard and dropped out to follow the company's forward momentum, relocating to California, is no longer at Facebook. Moskovitz maintains a humble, unassuming lifestyle largely like the one he had when he was a student. He bikes to work, flies commercial, and pitches his own tent at Burning Man. In a commendable and generous act, he and Zuckerberg signed Bill Gates‘ and Warren Buffett’s Giving Pledge.Continued on the next page