Only One Indian Makes It To Hurun’s Under-40 Self-Made Rich List
This Indian, who’s worth $1.5 billion, took six years until he hit the billion-dollar mark.
Vijay Shekhar Sharma, founder and chief executive officer of Paytm, is the only Indian to feature on the Hurun Global 40 and under Self-Made Rich List 2019.
Sharma, who’s worth $1.5 billion, took six years until he hit the billion-dollar mark, the report said. That compares with an average seven years required to make the first billion dollars, according to the report.
Sharma ranks 36th on Hurun’s list and shares the position with Instagram Co-Founder Kevin Systrom.
The 39-year-old Indian founded the mobile payment service in 2010, which has investors such as Softbank Group, SAIF Partners, Alibaba Group and Ant Financial.
India-born Divyank Turakhia, too, made it to the list. He ranks 29th and shares it with Snapchat Founder Evan Spiegel.
Turakhia, who lives in the U.A.E., has a net worth of $1.7 billion, according to the report. He co-founded an advertising technology company, Media.net, with his brother Bhavin. Media.net has clients like Yahoo, CNN and the New York Times, and was sold by the brothers to a Chinese consortium for $900 million in 2017.
Fastest Growing Billionaires
- Zhang Yiming, who chairs Beijing ByteDance—one of China’s largest media content platforms—was the fastest-growing billionaire on the list. His wealth jumped threefold at $14 billion. ByteDance is known for its apps TikTok, used for creating and sharing short videos, and Musical.ly, a lip-sync platform.
- Wealth of John Collison and Patrick Collison, co-founders of software company Stripe, more than doubled, with each valued at $2.6 billion.
- Founder of WeWork, that offers shared workspaces for technology startups, saw his wealth nearly double to $6.5 billion.
- Net worth of Orion Hindawi, CEO of security and systems management provider Tanium Inc, rose 50 percent to $1.8 billion. He ranks 27th on the list.
At The Top
Facebook founder and CEO Mark Zuckerberg topped the list with a net worth of $80 billion. Of the 46 self-made billionaires around the world under the age of 40, 21 hailed from the U.S. China has 16 self-made billionaires.
Facebook’s Co-Founders Dustin Moskovitz and Eduardo Saverin, too, were ranked among the top five self-made billionaires. While Moskovitz is valued at $15 billion, Saverin’s net worth stands at $9.8 billion.
Huang Zheng was the newest billionaire and shared the second place with Moskovitz. Zheng is the founder and CEO of e-commerce platform Pinduoduo. Besides Zhang Yiming, Zheng is the only other Chinese to make it to the top five.
Mike Cannon-Brookes and Scott Farquhar, founders of Australian software company Atlassian, shared the sixth position with a net worth of $6.7 billion each.