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Hurun Global 40 & Under Self-Made Billionaires 2020

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Hurun Research today released the Hurun Global 40 & Under Self-Made Billionaires 2020, a ranking of the self-made US dollar billionaires aged forty years and under in the world.


HURUN GLOBAL 40 & UNDER SELF-MADE BILLIONAIRES 2020


HURUN FINDS 53 SELF-MADE BILLIONAIRES IN WORLD AGED 40 & UNDER, UP 7 ON LAST YEAR


USA AND CHINA DOMINATE WITH 20 AND 19 BILLIONAIRES, MAKING UP 70%+ OF THE WORLD’S KNOWN SELF-MADE YOUNG BILLIONAIRES. INDIA ADDED THREE TO RISE TO THIRD PLACE.


MARK ZUCKERBERG, 35, IS WORLD’S NO.1 UNDER 40YRS WITH US$84BN, UP US$4BN. COLIN HUANG ZHENG, 40, OF E-COMMERCE GIANT PINDUODUO, WAS SECOND WITH US$18BN, UP 20%


TIKTOK FOUNDER ZHANG YIMING, 37, OVERTOOK DUSTIN MOSKOVITZ, 35, OF FACEBOOK TO THIRD PLACE WITH US$13.8BN


TOM ZHANG BANGXIN, 39, OF EDUCATION GIANT TAL SAW HIS WEALTH DOUBLE TO US$10.4BN, UP 5 PLACES TO 6TH, PARTLY DUE TO A SURGE IN DEMAND FOR ONLINE EDUCATION DURING CONONAVIRUS


18 NEW FACES, 8 FROM CHINA, 4 FROM INDIA AND 3 FROM USA. DUBAI-BASED PAVEL DUROV, 35, OF INSTANT MESSAGE PROVIDER TELEGRAM LED WITH US$3.6BN.


EVAN SPIEGEL, 29, OF SNAPCHAT, DOUBLED WEALTH TO US$4.4BN


CALIFORNIA-BASED COSMETICS QUEEN KYLIE JENNER, 22, YOUNGEST SELF-MADE BILLIONAIRE


ADAM NEUMANN, 40, OF WEWORK, LOSES EQUIVALENT OF US$100MN A WEEK, DROPPING 80% TO US$1.3BN


MOST OF CHINESE ON LIST MADE DONATIONS TO CHINA’S CORONAVIRUS EFFORT, LED BY ZHANG YIMING’S BYTEDANCE WITH US$55MN


BEIJING ADDED TWO TO BE ON PAR WITH SAN FRANCISCO FOR THE FIRST TIME, BOTH GLOBAL CAPITALS FOR YOUNG SELF-MADE BILLIONAIRES


E-COMMERCE AND SOCIAL MEDIA PRODUCED MOST YOUNG BILLIONAIRES, FOLLOWED BY SHARED ECONOMY AND ONLINE GAMES.


CRYPTO EXCHANGES FOUNDERS OF COINBASE, OKCOIN AND HUOBI MADE LIST


FOUNDERS OF AIRBNB, UBER, SPOTIFY, DIDI, SHOPIFY, KUAISHOU, DROPBOX, MINECRAFT MAKE LIST


ONLY TWO WOMEN: KYLIE JENNER, 22, AND LILIAN WU YAN, 39, OF SHANGHAI-BASED ENTERTAINMENT INVESTMENT GROUP HAKIM


HURUN REPORT, WORLD’S LARGEST RICH LIST PROVIDER, RELEASES HURUN GLOBAL 40 & UNDER SELF-MADE BILLIONAIRES 2020


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(9 March 2020, Shanghai, China, Oxford, UK and Mumbai, India) Hurun Research today released the Hurun Global 40 & Under Self-Made Billionaires 2020, a ranking of the self-made US dollar billionaires aged forty years and under in the world. Wealth calculations are a snapshot of 31 January 2020.  This is the fifth year of the ranking, and follows on from the Hurun Global Rich List released on 26 February.


Hurun Research found 53 self-made individuals from 9 countries with US$1bn or more of wealth. Their average age was 37, and average wealth US$5.2bn. “Given that there are 200 countries in the world today, it is surprising that the world’s most successful entrepreneurs under the age of 40 are from only 9 countries,” said Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report.

 

38 saw their wealth increase, of which 18 were new faces. 8 saw their wealth decrease and 7 saw their wealth stay the same. There were 10 drop-offs, of which 7 were because they are now above 40yrs and 3 because they did not make the cut. “China added 8 new faces, almost three times that of America.  India added four, also ahead of the USA,” said Hoogewerf. “It took them six years to get to their first billion on average.”

 

“The Hurun Global 40 & Under Self-Made Billionaires 2020 represents the hottest rising stars in business in the world, people who have achieved the remarkable milestone of billionaire status before the age of 40,” said Hoogewerf.

 

Only 2 of the 53 are women. “The world’s most successful young entrepreneurs are overwhelmingly male,” said Hoogewerf. “The exceptions are the likes of Kylie Jenner of Kylie Cosmetics and Lilian Wu Yan of Hakim.”

 

 

The Top 10

There were four new faces in the Top 10. The cut-off was US$4.7bn, down from US$6.5bn last year.


Table 1: Top 10 - Hurun Global 40 & Under Self-Made Billionaires 2020


Name

Net Worth US$bn

Change

Main Company

Age

Country of Residence

1-

Mark Zuckerberg

84

5%

Facebook

35

USA

2-

Huang Zheng

18

20%

Pinduoduo

40

China

3↑

Zhang Yiming

13.8

-1%

ByteDance

37

China

4↓

Dustin Moskovitz

13.4

-11%

Facebook

35

USA

5-

Eduardo Saverin

12.2

24%

Facebook

37

Singapore

6*

Zhang Bangxin

10.4

96%

TAL

39

China

7↓

Mike Cannon-Brookes

9.6

43%

Atlassian

40

Australia

7↓

Scott Farquhar

9.6

43%

Atlassian

40

Australia

9↓

Wang Tao

6.8

1%

DJI

40

China

10*

Nathan Blecharczyk

4.7

0%

Airbnb

35

USA

10*

Brian Chesky

4.7

0%

Airbnb

38

USA

10*

Joe Gebbia

4.7

0%

Airbnb

38

USA

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10

Source: Hurun Global 40 & Under Self-Made Billionaires 2020


Mark Zuckerberg, 35, of Facebook saw his wealth rise US$4bn to US$84bn, making him still the undisputed champion of the Under 40s. and Number 5 on the recently launched Hurun Global Rich List. Zuckerberg sold US$500mn worth of shares in the past year. Facebook today has over 2.5 billion users.


Colin Huang Zheng of ecommerce giant Pinduoduo, saw his wealth up 20% to US$18bn, cementing him into second place. During the Chinese outbreak of coronavirus, Pinduoduo mobilized medical resources at home and abroad, and assisted Hubei with multiple batches of medical supplies.


TikTok founder Zhang Yiming, 37, was third with US$13.8bn. ByteDance, the parent behind TikTok and Chinese news aggregator Toutiao, is the second most valuable unicorn in the world, valued at US$75bn, behind Jack Ma’s Ant Financial, according to the Hurun Global Unicorn Index 2019.  Unusually for a Chinese start-up, ByteDance has been hugely successful across the world, as well as in its domestic market. TikTok, for example, has emerged to rival companies like Netflix, YouTube, Snapchat, and Facebook with more than one billion downloads. In June last year, ByteDance invested just under US$200 million for 30% of online sports content platform Hupu. During the coronavirus outbreak in China, ByteDance has seen a surge in demand for its products, and invested US$90mn for the online launch of the movie Lost in Russia.


Dustin Moskovitz, 35, co-founder of Facebook, dropped down two places to fourth with US$13.4bn. Last year digital management platform Asana, that Moskovitz launched back in 2008, was valued at US$2bn according to the Hurun Global Unicorn Index 2019.  


Singapore-based Eduardo Saverin, 37, co-founder of Facebook, saw his wealth increase 24% to US$12.2bn. Saverin is today active with B Capital, a VC firm, which has backed more than 20 start-ups globally. In 2011 São Paulo-born Saverin renounced his American citizenship and is one of eight on the list who have emigrated from their country of origin.


Tom Zhang Bangxin, 39, of TAL doubled his wealth to US$10.4bn, shooting him into the Top 10, and making him the world’s most successful education entrepreneur. With schools shut in China during the coronavirus outbreak, there has been a surge in online education. Net income in the first three quarters of last year increased by 36% year-on-year to US$2.5bn.


Sydney-based Mike Cannon-Brookes & Scott Farquhar, 40, of software firm Atlassian, each saw their wealth jump by 43% on the back of a surge in the company share price, making them the most successful Australian tech entrepreneurs. The university friends started Atlassian with funding from credit cards.


Shenzhen-based Frank Wang Tao, 40, of drone making giant DJI was 9th with US$6.8bn.


Airbnb cofounders Nathan Blecharczyk, Brian Chesky and Joe Gebbia broke into the Top 10 with US$4.7bn each.

 


Other points of interest


Coronavirus. Most of the Chinese young entrepreneurs have made donations to the country’s coronavirus effort, led by Zhang Yiming’s ByteDance, which donated US$55mn, of which Zhang personally donated US$15mn to China’s Red Cross. Others included Huang Zheng’s Pinduoduo,  Zhang Bangxin’s TAL, Frank Wang Tao’s DJI and Su Hua’s Kuaishou, which each donated US$15mn.


Kylie Jenner, 22, is one of only two women to make the list. Jenner has far and away the largest social media following with 150mn Instagram followers, which was good news for Mark Zuckerberg, who in 2012 bought Instagram from Kevin Systrom. Systrom flew to the Vatican to create an account for Pope Francis.


Shared economy. The shared economy, which has traditionally derived its valuations from growth instead of profits, have seen their valuations under pressure recently. For instance, Ryan Graves, 36, the first employee of Uber in 2010, who became CEO until last year, saw his wealth down 20% to US$1.3bn. The co-working space, WeWork had to roll back its IPO plans after it saw its valuation drop from US$45bn to less than US$8bn, resulting in Adam Neumann, 40, seeing his wealth plummet 80% to US$1.3bn, and leave the company. Coronavirus fears is also impacting Airbnb’s IPO plans.


E-commerce. Phoenix-based Ernest Garcia III, 37, of used-car platform Carvana, is a new entrant this year with US$1.5bn, despite Carvana registering a loss of US$360 million last year. Backed by a 25% increase in share price of Shopify, German-born Canadian Tobias Lutke, 39, saw his wealth increase to US$4.1bn. With US$2.9bn, Su Hua, 38, of Beijing-based e-commerce giant Kuaishou saw his wealth increase by 32%, as Kuaishou has built up an 8% stake of live-streaming e-commerce market in China closely following TikTok and distantly following Alibaba’s Taobao Live.


Online Games.  China-born Singapore-based Ye Gang of Sea has Tencent as an investor, which has around 20% stake. Markus Persson, 40, sold Minecraft for US$2.5bn to Microsoft in 2014.


Entertainment. Stockholm-based Daniel Ek, 36, of Spotify saw his wealth rise 4% to US$2.4bn, on the back of Spotify increasing its monthly active users to just under 300 million.


Dropbox. With US$1.8bn, Drew Houston, 36, announced a US$600 million buyback plan, which equals about 7% of its market cap, to underscore management's confidence in its future.


Beijing-based Mu Rongjun, 40, of Meituan-Dianping broke into the list, on the back of Meituan’s share price doubling in the last year.


India had 4 new faces this year, led by Binny Bansal, 37, and Sachin Bansal, 38, of Flipkart. Since exiting to Walmart in 2018, Binny has set himself the target of supporting 10,000 start-ups through his platform xto10x, while Sachin is into fintech, through Navi Technologies. Nithin Kamath, 40, set up stock brokerage Zerodha in 2010 together with his brother Nikhil, 34, and last year they officially became India’s largest brokerage firm, both by the number of active clients and trading turnover on the exchanges. Now they are focused on taking on the hedge fund industry, by charging no management fees. Ritesh Agarwal, 26, of Oravel Stays was the fourth.

 

Where they live.

By country, China closed the gap with the USA, adding 3, whilst the USA dropped one. USA topped the list for the fifth year running. India added three to rise to third place.

By city, Beijing added 2 to take it on a par with San Francisco with 11 billionaires. Bengaluru of India rose to third place.

 

Table 2: By Country - Hurun Global 40 & Under Self-Made Billionaires 2020


Country

No. of Billionaires

Change

1-

USA

20

-1

2-

China

19

+3

3↑

India

4

+3

4↓

Australia

2

0

4↑

Singapore

2

+1

4↓

Sweden

2

0

4↓

UAE

2

0

8↓

Canada

1

0

8*

Russia

1

+1

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10

Source: Hurun Global 40 & Under Self-Made Billionaires 2020

 

Table 3: By City - Hurun Global 40 & Under Self-Made Billionaires 2020


City

No. of billionaires

Change

1↑

Beijing

11

+2

1-

San Francisco

11

-1

3*

Bengaluru

3

+3

3-

Shanghai

3

0

3-

Shenzhen

3

0

6-

Dubai

2

+1

6↓

New York

2

0

6-

Singapore

2

+1

6↓

Stockholm

2

0

6↓

Sydney

2

0

6↑

Venice, CA

2

0

↑ Rank increase yoy - No Rank change yoy * New to Top 5

Source: Hurun Global 40 & Under Self-Made Billionaires 2020

 

Drop-offs

There were 10 drop-offs from the list last year, of which 7 were because they are now above 40yrs and three, who are below 40, but did not make the cut. 

These three included Wu Jihan, 34, of bitcoin miner Bitmain, which saw its value drop after a dispute amongst the co-founders; Evan Sharp, 38, of Pinterest, whose stock price was down; and Chicago-based Rishi Shah, 34, of Outcome Health, who became embroiled in a lawsuit with the SEC, which claimed that Shah committed securities fraud when raising US$500 million in financing.

 

Which sector did they make their money in?

E-commerce and social media produced the most billionaires with 8 and 7 respectively, followed by the shared economy and online games. Interestingly, three made their money in crypto exchanges, which shows the growth of crypto currencies.


Table 4: By Industry - Hurun Global 40 & Under Self-Made Billionaires 2020


Industry

No. of   billionaires

Notable   individuals

1

E-commerce

8

Huang   Zheng, Tobias Lutke, Su Hua

2

Social   Media

7

Mark   Zuckerberg, Dustin Moskovitz

3

Shared   economy

6

Brian   Chesky, Cheng Wei

4

Online   Games

5

Markus   Persson, Ye Gang

5

Investments

4

Eduardo   Saverin

5

Software   & Services

4

Mike   Cannon-Brookes, Scott Farquhar

7

Crypto   Exchange

3

Xu   Mingxing, Li Lin, Brian Armstrong

7

Education

3

Zhang   Bangxin

7

Fintech

3

Patrick   and Patrick Collison

10

Drones

2

Wang   Tao

10

Entertainment

2

Zhang Yiming,   Daniel Ek

10

Real   Estate

2

Peng   Guoyuan, Hu Xingrong

Source: Hurun Global 40 & Under Self-Made Billionaires 2020

 

New faces on the list

There were 18 new faces this year, of which 8 were from China, 4 from India and 3 from the USA. 

The highest new entry was Russia-born Dubai-based Pavel Durov of instant messaging platform Telegram. Others of note include Cheng Yixiao of Chinese e-commerce platform Kuaishou and Mu Rongjun of big data delivery platform Meituan-Dianping. Two were doing crypto exchanges, led by Xu Mingxing of OKCoin and Li Lin of Huobi.

By sector, five are in e-commerce with two in each of crypto exchanges, online games, education.

 

Table 5: New Faces - Hurun Global 40 & Under Self-Made Billionaires 2020


Name

Net   Worth US$Bn

Main   Company

Age

Country   of Residence

Main   Industry

1

Pavel   Durov

3.6

Telegram

35

UAE

Instant   Messaging

2

Cheng   Yixiao

2.1

Kuaishou

35

China

E-commerce

2

Alexey   Repik

2.1

R-Pharm

40

Russia

Pharma

4

Peter   Szulczewski

2

Wish   Ecommerce

39

USA

E-commerce

5

Mu   Rongjun

1.7

Meituan-Dianping

40

China

Delivery   Services

6

Liu   Yachao

1.6

TAL

38

China

Education

7

Ernest   Garcia III

1.5

Carvana

37

USA

E-commerce

7

Ye Gang

1.5

Sea

39

Singapore

Online   Games

9

Xu   Mingxing

1.4

OKCoin

35

China

Crypto   Exchange

9

Hu   Xingrong

1.4

Doof

39

China

Real   Estate

11

Lin Qi

1.2

Yoozoo

39

China

Online   Games

12

Li Lin

1.1

Huobi

38

China

Crypto Exchange

12

Kylie   Jenner

1.1

Kylie   Cosmetics

22

USA

Cosmetics

12

Ritesh   Agarwal

1.1

Oravel   Stays

26

India

Hospitality

15

Binny   Bansal

1

Flipkart

37

India

E-commerce

15

Sachin   Bansal

1

Flipkart

38

India

E-commerce

15

Nithin   Kamath & family

1

Zerodha

40

India

Fintech

15

Wang   Yiran

1

CVTE

40

China

Education

Source: Hurun Global 40 & Under Self-Made Billionaires 2020

 

Youngest on the list

There are 14 self-made billionaires under 35, led by newcomers Kylie Jenner of Kylie Cosmetics and Ritech Agarwal of Oravel Stays. Four were born in the nineties.

 

Table 6: Youngest - Hurun Global 40 & Under Self-Made Billionaires 2020


Name

Age

Net   Worth US$Bn

Main   Company

Country   of Residence

1*

Kylie   Jenner

22

1.1

Kylie   Cosmetics

USA

2*

Ritesh   Agarwal

26

1.1

Oravel   Stays

India

3

Evan   Spiegel

29

4.4

Snapchat

USA

3

John   Collison

29

4.2

Stripe

USA

5

Bobby   Murphy

31

3.9

Snapchat

USA

5

Patrick   Collison

31

4.2

Stripe

USA

7

Peng   Guoyuan

34

2.2

NWY

China

8

Mark   Zuckerberg

35

84

Facebook  

USA

8

Dustin   Moskovitz

35

13.4

Facebook

USA

8

Nathan   Blecharczyk

35

4.7

Airbnb

USA

8*

Pavel   Durov

35

3.6

Telegram

UAE

8*

Cheng   Yixiao

35

2.1

Kuaishou

China

8*

Xu   Mingxing

35

1.4

OKCoin

China

8

Shao   Heng

35

1.2

Century   Huatong Automotive Part

China

* New to list in 2020

Source: Hurun Global 40 & Under Self-Made Billionaires 2020

 

Buying a big house and donations to charity


Mark Zuckerberg in 2015 pledged to give away 99 percent of his wealth to public interest causes and has since donated the best part of US$10bn. Zuckerberg and wife Priscilla Chan live in a house in Palo Alto that they bought in 2011 for US$7mn.


Minecraft creator Markus ‘Notch’ Persson bought a US$70 million home in Beverly Hills, LA, after selling his business in 2014.


Mike Cannon-Brookes and Scott Farquhar of Atlassian bought Australia’s most expensive homes, in Sydney Harbour, for US$70mn and US$50mn.


Sean Parker of Facebook and Napster in 2014 paid US$55mn for a mansion in LA, and in 2016 made a US$250mn donation to cancer research.


Adam Neumann in 2018, bought a US$20mn home in the San Francisco Bay Area, on top of houses in New York for US$50mn, and has reportedly given away over US$100 million.


Dustin Moskovitz in 2016 made a US$20mn donation to Hillary Clinton’s presidential campaign.


Bobby Murphy in 2019 bought an LA residence for US$19.5 million in the Palisades’ coveted Riviera neighbourhood.


Peter Szulczewski of Wish in 2019 purchased a US$15 million house in Bel Air, LA.


Kylie Jenner lives in a US$12 million mansion in Hidden Hills, California.


Evan Spiegel in 2017 bought a US$12mn home in Brentwood, California, together with supermodel wife Miranda Kerr.


Binny Bansal in 2016 bought an apartment in Bengaluru’s ‘billionaires boulevard’.


Daniel Ek of Spotify in 2019 paid US$7mn for a villa in Sweden.

 

 

Table 7: The ‘Fastest to a Billion’

Years to first billion

Name

Company

Start-up year

2

Huang Zheng

Pinduoduo

2015

3

Bobby Murphy & Evan Spiegel

Snapchat 

2011

3

Cheng Wei

Didi

2012

4

Mark Zuckerberg

Facebook

2004

5

Zhang Yiming

ByteDance

2012

5

Adam Neumann

WeWork

2010

5

Pavel Durov

Telegram

2013

6

Ritesh Agarwal

Oravel Stays

2013

6

Ryan Graves

Uber

2009

6

John Collison & Patrick Collison

Stripe

2010

6

Brian Armstrong

Coinbase

2012

Source: Hurun Global 40 & Under Self-Made Billionaires 2020


Table 8: Stats - Hurun Global 40 & Under Self-Made Billionaires 2020

Year

No. of people on list

Avg. Wealth US$bn

Number One

No. 1 Wealth US$bn

2016

39

3.7

Mark Zuckerberg

47

2017

47

3.8

Mark Zuckerberg

58

2018

45

4.8

Mark Zuckerberg

79

2019

46

5.5

Mark Zuckerberg

80

2020

53

5.2

Mark Zuckerberg

84

Source: Hurun Global 40 & Under Self-Made Billionaires 2020

 

  

 

Hurun Global 40 & Under Self-made Billionaires 2020

For full details, see www.hurun.net

 Rk

Rank   Change

Name

Net   Worth US$Bn

%   change

Main   Company

Age

Country   of Residence

Main   Industry

1

0

Mark   Zuckerberg

84

5%

Facebook  

35

USA

Social   Media

2

0

Huang   Zheng

18

20%

Pinduoduo

40

China

E-commerce

3

1

Zhang   Yiming

13.8

-1%

ByteDance

37

China

Entertainment

4

-2

Dustin   Moskovitz

13.4

-11%

Facebook

35

USA

Social   Media

5

0

Eduardo   Saverin

12.2

24%

Facebook

37

Singapore

Investments

6

5

Zhang   Bangxin

10.4

96%

TAL

39

China

Education

7

-1

Mike   Cannon-Brookes

9.6

43%

Atlassian

40

Australia

Software   & Services

7

-1

Scott   Farquhar

9.6

43%

Atlassian

40

Australia

Software   & Services

9

-3

Wang   Tao

6.8

1%

DJI

40

China

Drones

10

3

Nathan   Blecharczyk

4.7

0%

Airbnb

35

USA

Shared   economy

10

3

Brian   Chesky

4.7

0%

Airbnb

38

USA

Shared   economy

10

3

Joe   Gebbia

4.7

0%

Airbnb

38

USA

Shared   economy

13

16

Evan   Spiegel

4.4

159%

Snapchat

29

USA

Social   Media

14

6

John   Collison

4.2

62%

Stripe

29

USA

Fintech

14

6

Patrick   Collison

4.2

62%

Stripe

31

USA

Fintech

16

18

Tobias   Lutke

4.1

156%

Shopify

39

Canada

E-commerce

17

12

Bobby   Murphy

3.9

129%

Snapchat

31

USA

Social   Media

18

New

Pavel   Durov

3.6

New

Telegram

35

UAE

Social   Media

19

-1

Sean   Parker

3

0%

Facebook

39

USA

Social   Media

20

5

Su Hua

2.9

32%

Kuaishou

38

China

E-commerce

21

1

Cheng   Wei

2.6

8%

Didi

37

China

Shared   economy

21

1

Wang   Qicheng & Wu Yan

2.6

8%

Hakim

40, 39

China

Investments

23

1

Daniel   Ek

2.4

4%

Spotify

36

Sweden

Entertainment

24

3

Peng   Guoyuan

2.2

22%

NWY

34

China

Real   Estate

24

12

Kevin   Systrom

2.2

47%

Instagram

36

USA

Social   Media

26

0

Xie Jia

2.1

0%

DJI

40

China

Drones

26

New

Cheng   Yixiao

2.1

New

Kuaishou

35

China

E-commerce

26

New

Alexey   Repik

2.1

New

R-Pharm

40

Russia

Pharmaceuticals

29

New

Peter   Szulczewski

2

New

Wish   Ecommerce

39

USA

E-commerce

30

-1

Divyank   Turakhia

1.9

12%

Media.Net

38

UAE

Investments

31

-15

Andrew   W Houston

1.8

Revalued

Dropbox

36

USA

Software   & Services

31

-4

Orion   Hindawi

1.8

0%

Tanium

40

USA

Software   & Services

33

-4

Markus   Persson

1.7

0%

Minecraft

40

Sweden

Online   Games

33

New

Mu   Rongjun

1.7

New

Meituan-Dianping

40

China

Delivery   Services

35

New

Liu   Yachao

1.6

New

TAL

38

China

Education

36

New

Ernest   Garcia III

1.5

New

Carvana

37

USA

E-commerce

36

New

Ye Gang

1.5

New

Sea

39

Singapore

Online   Games

38

New

Hu   Xingrong

1.4

New

Doof

39

China

Real   Estate

38

New

Xu   Mingxing

1.4

New

OKCoin

35

China

Crypto   Exchange

40

-30

Adam   Neumann

1.3

-80%

WeWork

40

USA

Shared   economy

40

-11

Ben   Silbermann

1.3

-24%

Pinterest

36

USA

Social   Media

40

-6

Ryan   Graves

1.3

-19%

Uber

36

USA

Shared   economy

43

-3

Ying   Shuling

1.2

-8%

Yingxiong

39

China

Online   Games

43

1

Shao   Heng

1.2

20%

Huatong  

35

China

Online   Games

43

New

Lin Qi

1.2

New

Yoozoo

39

China

Online   Games

46

New

Li Lin

1.1

New

Huobi

38

China

Crypto   Exchange

46

New

Kylie   Jenner

1.1

New

Kylie   Cosmetics

22

USA

Cosmetics

46

New

Ritesh   Agarwal

1.1

New

Oravel   Stays

26

India

Hospitality

49

-9

Brian   Armstrong

1

-23%

Coinbase

37

USA

Crypto   Exchange

49

New

Binny   Bansal

1

New

Flipkart

37

India

E-commerce

49

New

Sachin   Bansal

1

New

Flipkart

38

India

E-commerce

49

New

Nithin   Kamath & family

1

New

Zerodha

40

India

Fintech

49

New

Wang   Yiran

1

New

CVTE

40

China

Education




About Hurun Report Inc.

Promoting Entrepreneurship through Quality Lists and Research

Hurun Report generated 300 million views globally every month last year, through putting out quality lists and research.

Established in 1999, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today.

Hurun Research Institute ‘World’s Largest Rich List Provider’

These past twenty years have seen the fastest wealth creating period in the history of the world.

Other lists Hurun puts out include: the Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.

The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary.  With no inheritance tax, Chinese give much more generously than many have previously understood.

Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.

In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.

‘World Authority on the Chinese High Net Worth Individual’

Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).

Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.

The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.

Media and Events ‘The Hurun brand gets 300 million views a month in China’

The Hurun brand has become one of the few media brands to become a household name across China and India.

Hurun Media monetizes 2 million views a month in China, through its wechat, weibo, website and legacy magazine.

Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.

Hurun Report does events across the world.  In the last year, Hurun Report has held events in Toronto, New York, LA, London, Paris, Istanbul, Luxembourg, Sydney and Singapore. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.

Investments

Hurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.


Download:

Hurun Global 40 & Under Self-Made Billionaires ENG&CHN 200309.xlsx

Hurun Global 40 & Under Self-Made Billionaires ENGLISH 200309.docx

新闻稿:《2020胡润全球少壮派白手起家富豪榜》200309.docx

Keywords:Global 40 & Under Self-Made Billionaires
Editor:Porsha Pan