Friday, December 28, 2018

12 Under 40: Meet The Youngest Billionaires celebrity Tokyo escorts

12 Under 40: Meet The Youngest Billionaires celebrity Tokyo escorts

Between election meddling and data privacy issues, social media companies may be more controversial than ever. Still, nearly half of the Under 40 billionaires on this year’s Forbes 400 list hail from such companies.
Five of the 12 billionaires under 40 (all of whom are worth at least $2.1 billion, this year’s minimum) derived their fortunes from social apps, namelyFacebook FB -1.09% and Snap SNAP +6.73%. That includes the youngest member of The Forbes 400 for the fourth year in a row, 28-year-old Evan Spiegel, cofounder and CEO of Snap, maker of Snapchat, the app for sending disappearing photo and video messages. Now that Spiegel’s cofounder and CTO Bobby Murphy is 30, Spiegel is the only billionaire on the 400 info  list still in his twenties.

The largest under-40 fortune is also tied to social media. Facebook’s 34-year-old founder and CEO Mark Zuckerberg, who first debuted on The Forbes 400 at age 23, is the fourth richest person escorts Tokyo in the country, worth $61 billion. That is more than half of the under 40’s combined worth of $117.5 billion. Aside from Zuckerberg and the Snap cofounders, the other two social media billionaires are Facebook cofounder Dustin Moskovitz (age 34) and Facebook’s first president, Sean Parker (age 38).

A turbulent year for Facebook and Snap took a toll on the companies’ stocks and the founders’ net worths. Facebook shares are down 4% in the wake of slowing revenue growth and data security issues,  such as revelations early this year that Cambridge Analytica, the firm that helped run President Donald Trump’s election campaign, improperly obtained the data of 87 million Facebook users. Zuckerberg’s net worth also declined because the philanthropic and advocacy entity he runs with his wife, Priscilla Chan, sold some of its shares. Snap shares fell further, plummeting 28% from a year ago after of a rocky app redesign this year and intense competition from Snapchat look-a-like Instagram (owned by Facebook), which has more than twice as many blogs daily users as Snapchat’s 187 million. As a result, the fortunes of all five social media billionaires tumbled, most notably, Zuckerberg’s, whose fortune fell by $10 billion.
Altogether the under 40 group underperformed other list members. Their combined net worth of $117.5 escort agency Tokyo billion is 15% less than it was a year ago, at a time when the total net worth of The Forbes 400 members increased by more than 7%.

1 comment: