Featured
Loading...

Facebook’s 5 Youngest Billionaires

Facebook is the all consuming juggernaut of the modern age that gorges on 10% of the entire internets traffic. The only website bigger than Facebook is Google, which can probably attribute much of its traffic to people googling Facebook. While some argue the social media website has had its day, with 1.28 billion active members, this entrenched website isn’t likely to be going anywhere. But Facebook did more than to revolutionize the way billions of people communicate and socialize, it spawned some of the youngest billionaires in history. Dotcom millionaires are no rarity in this day and age, with many individuals under the age of 39 proving their technological abilities can turn a very, very, big profit, however, no website did this better than Facebook. So who are these young billionaires, and how did Facebook help them become some of the youngest of the elite group?

1.SEAN PARKER

Currently, at age 34, Parker owns a total wealth of $3.2 billion. An impressive number considering he appeared months after the sites inception. Having already built-up a reputation after creating the website Napster and advising on another social media site, Friendster, Parker convinced Zuckerberg that he could help run Facebook, commenting that he saw its potential.
After a few months Parker took on the role of founding president of Facebook. His biggest contributions to the company was finding its first big investor, Peter Thiel, and convincing Zuckerberg to change the name of the site to Facebook, rather than its original name, TheFacebook. Parker’s rein as president was less than smooth and one night in 2005 he was found at a party in his home with cocaine. He was not charged but pressured into resigning the role
Sean-Parker
.
He continued to be part of the company, advising Zuckerberg until he moved onto another business venture, Spotify.

2. DUSTIN MOSKOVITZ
At age 30 Moskovitz was, up-until 2014, the youngest billionaire in the world with a total net worth of, a staggering, $6.8 billion. Moskovitz gained his wealth through pure serendipity, as he happened to be the room-mate of Mark Zuckerberg during his short stint at Harvard.
He became the 3rd employee of Facebook and dropped out of University to work with Zuckerberg in California, a wise decision I’m sure you’ll agree. For a while, he took up the role of chief technology officer before taking a flashier title, vice president of engineering. An economics major, something that must have come in handy, Moskovitz was in charge of overseeing the architecture of the sight, he basically had to make sure Facebook looked good and worked properly
Dustin-Moskovitz
.
In 2008, after four years amassing his fortune and helping to build the biggest social media site in the world, Moskovitz announced, with a heavy-heart, that he would be leaving Facebook to follow his own business venture, a company known as Asana.

3.MARK ZUCKERBERG
 Only eight days older than Moskovitz he was narrowly beaten to the title of youngest Facebook billionaire, but he certainly is the richest. With $33.1 billion to his name, this titan of the internet has become a house-hold name the world over. Still chairman and CEO, the man behind Facebook has also been named as one of the most influential people in the world and is a key political player and philanthropist.
 Inspired by Zuckerberg’s own website Facemash, which was essentially a ‘hot or not’ voting system made up of ‘stolen’ images of Harvard students, Facebook was launched in 2004 and the rest is history. However, his success did not come without controversy.

 He has been sued multiple times for supposedly ripping off a site he was helping design and was even taken to court by his once best-friend Eduardo Saverin. This, coincidentally, takes us to the next name on the list,

4.EDUARDO SAVERIN
 The first true investor of Facebook, Saverin got his investment of $15,000 back with a little bit extra as he now boasts a fortune of $4.2 billion at the tender age of 32. After convincing Zuckerberg he had the ability to help him with the website, Saverin held the title of chief financial officer for a time, however Saverin’s spell at Facebook did not end on the same terms as Moskovitz’s.
 As Moskovitz and Zuckerberg headed for California to head up the Facebook offices, Saverin went to New York for an internship. In hindsight a foolish idea, but at the time Facebook was just a small fry and Saverin had big ambitions. However, as the company grew Saverin became increasingly distant and it started to strain Facebook’s ability to operate, so the decision was made to cut him out of the picture. Zuckerberg did this by diluting Saverin’s shares in the company, so he could have control of the business.

Unsurprisingly, Saverin was not happy and a lawsuit followed. The case was settled out of court on undisclosed terms, but whatever transpired during that lawsuit, it left Saverin as one of Facebook’s richest contributors.
5.CHRIS HUGHES
Chris Hughes is also 30, younger than both Saverin and Parker, but he has been left until last because he is not technically a billionaire, but man is he close. At $900 million you could argue that he is indeed close enough. The final member of the original four, including Zuckerberg, Moskovitz and Saverin, Hughes was unofficially hired by Zuckerberg to run beta testing of the site and its marketing. 
It was Hughes that advised the site should be extended to the masses and thus is a key player in the world of Facebook. With the success of the site, Hughes was given the role of the companies spokesperson and travelled with Zuckerberg and Moskovitz in the 2004 California excursion. However, he later returned to finish his degree at Harvard, soon going back to Facebook once he graduated. An outspoken democrat, in 2007 he left Facebook to join the Obama campaign, another of his successes.
 

Post a Comment

CodeNirvana
Newer Posts Older Posts
© Copyright Swahili News | Designed By Code Nirvana
Back To Top