Lindsay Lohan, Britney Spears, Paris Hilton are Young Hollywood Celebs who love the limelight. Most of the world's Youngest Billionaires do not. I guess it takes all kinds to make the world go round. But it does make you think.
While Lindsay Lohan might be world famous, she is also looking for work in a recession like 10% of all her fellow Californians are too, right now. But wherever, Lindsay goes, camera’s flash at every turn she makes. Fame is Lindsay’s currency, but somehow she has to convert it into a tangible asset and a paycheck.
All of these 20 names know how to do that. They are names that you probably have never heard of. Each are the youngest billionaires in the world… Lindsay Lohan, Britney Spears and Paris Hilton, take notes, like the rest of us. Enjoy the read…
The World’s Billionaires
Steven Bertoni, 03.10.09, 02:00 PM EDT
This year the world’s youngest billionaires are a little older–and a lot poorer.
The world’s youngest tycoons may have sprouted a few gray hairs over the last year.
Amid the global recession, the Forbes list of the World’s Billionaires is smaller–and poorer–this year. As a result, the tiny club of billionaires age 40 and younger just got a whole lot smaller too.
Last year, the world’s 20 youngest plutocrats were all under the age of 36. In 2009, their ages range from 25 to 40. The average age of the world’s 20 youngest billionaires is 35 this year, up from last year’s average of 32.
The average net worth of billionaires age 40 and under is $2.9 billion, down 30% from last year’s average of $4.1 billion. Shesh!
The youngest billionaire in the world is 25-year-old German Prince Albert von Thurn und Taxis, who is worth $2.1 billion. Von Thurn und Taxis first appeared on our list of the world’s billionaires at age 8, but he officially inherited his family’s fortune in 2001 on his 18th birthday.
The prince regains his title as the world’s youngest tycoon thanks to the economic meltdown, which pushed 24-year-old Facebook founder Mark Zuckerberg off our ranking. While Facebook is gaining millions of users each week, revenues haven’t followed just yet. It’s hard to imagine the privately held company being worth nearly as much as it was a year ago.
There are still a few Silicon Valley billionaires on the list of young moguls, including Google (nasdaq: GOOG - news -people ) guys Sergey Brin and Larry Page, who share the distinction of being the richest billionaires under 40. Each has a $12 billion fortune.
But like the rest of us, Brin and Page have endured serious financial pain over the last year. Their fortunes have each dropped more than $6.5 billion since last March, as a sputtering advertising market pushed shares of Google down 30%.
Another tech billionaire with a dwindling fortune is formerYahoo! (nasdaq: YHOO - news - people ) Chief Executive Jerry Yang. The 40-year-old, who is worth $1.1 billion these days, has lost half of his money in the past 12 months–and control of the famous search engine outfit he co-founded more than a decade ago. Yang quit as chief executive in January, after the company named Carol Bartz as his replacement.
The departure capped off a rough 2008 for the tech titan. Last February, Yang famously turned down Microsoft‘s (nasdaq: MSFT- news - people ) $44.6 billion offer to buy Yahoo!. A few months later, billionaire Carl Icahnlaunched a proxy fight for control of Yahoo!’s board in an attempt to force the Microsoft sale. Icahn stopped his attack in July after Yang conceded three seats on the company’s board to the activist investor. Yahoo! shares are down nearly 55% since rebuffing the original Microsoft offer.
Despite the economic chaos, there is a newcomer to this year’s young billionaires club: 39-year-old Sheik Mansour Bin Zayed Al Nahayan. Worth $4.9 billion, the member of Abu Dhabi’s royal family stepped into the spotlight last September after buying the Manchester City soccer team for $300 million. David Beckham’s original soccer team.
A month later Al Nahayan, who heads Abu Dhabi’s sovereign wealth fund, swooped in to rescue British bank Barclays(nyse: BCS - news - people ) with a $5 billion cash investment. The young royal also serves as minister of United Arab Emirates Presidential Affairs.
A few young tycoons were able to make money this past year in the face of financial turmoil. American energy trader John Arnold added more than $1 billion to his fortune in a chaotic oil market, and Indian pharmaceuticals kings Malvinder and Shivinder Singh added $100 million to their combined net worth.
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