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Journalism of Courage
Communist China produced the highest number of the world’s 40 wealthiest people under the age of 40 outside the United States, Fortune magazine said on Wednesday.
But none of them was anywhere near American computer magnate Michael Dell, who topped Fortune’s separate list of the United States’ richest 40 people under the age of 40. Dell, 37, has wealth of $16.49 billion.
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Kumaramangalam Birla eighth youngest billionaire: Fortune
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NEW DELHI: Kumaramangalam Birla ranks the eighth youngest billionaire in the world in Fortune magazine ratings, pipping Australian media tycoon Richard Li with $2.1 billion to his name against Li’s $1.6 billion. Birla is the only Indian among the top 10 billionaires. The list throws up another surprise: as many as 13 Asians make the grade with three billionaires from Japan, India and HongKong in the top 10 and baby moghuls from China. Also, the only woman millionaire in the United States is ‘Pretty Woman’ Julia Roberts with $145 million to her name while the lone woman outside the US who made it to the list is mexican Maria Asuncion Aramburuzabala with $1.5 billion. (PTI) |
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Eight Chinese figured in the list of the world’s 40 richest young people outside the United States.
The wealthiest among the Chinese was Yang Bin, who ranked 15th on the list and recently saw the share price of his Orchid company Euro-Asia Agriculture flounder. Yang, 39, has riches amounting to some $900 million, Fortune said in a release. Russia was home to the richest young tycoon on the list and four others, the second highest number from any country.
Topping the list of 40 was Mikhail Khodorkovsky of Russia’s second-largest oil company Yukos with a fortune of $7.2 billion. Four people on the list were from Britain, the third most prolific country in terms of producing rich young people. Billionaires from Japan, India and Hong Kong also figured in the top ten.
It was the first time Fortune had put together a list of some of the richest people under the age of 40 outside of the United States, a task it said was by no means easy. Calculating their wealth was tough and some candidates did not make the cut because the magazine could not place a value on their assets, Fortune said.
‘‘So while we cannot claim to have the 40 wealthiest people in the world outside the US under the age of 40, we do have 40 of the richest,’’ Fortune said.
