China and US dominate ranks of self-made billionaire young guns
China and the US are home to 80 per cent of the world’s self-made billionaires under the age of 40, according to the latest report by wealth-tracking research group Hurun Report.
The list includes 47 individuals, with Facebook chief officer Mark Zuckerberg, 33, ranking first with US$58 billion, followed by company co-founders Dustin Moskovitz and Eduardo Saverin and former colleague Sean Parker.
In China, the top spot belongs to the man behind drone maker DJI, Frank Wang or Wang Tao in Chinese, with an estimated fortune of US$4 billion, placing him ninth.
Wang turned his Hong Kong dorm room start-up into one of the world’s largest sellers of consumer drones and now supplies 70 per cent of the market.
All told, the United States is home to 20 of the individuals, followed by China’s 18.
