Forbes recently released a list of the richest 400 Americans. They also did a feature of the young and rich Americans (Under the age of 40.
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Some interesting facts though: Mark Zuckerberg, – Mama Oliech’s client is number on on the list aged 32. He made a debut in the Billionaires’ list in 2008 with a fortune of $ 1.5 Billion. He is currently worth $ 55.5 Billion – More than 37 times in 8 years.
Meaning anyone who invested in Facebook in 2008 has seen their investment soar by 3,700%. An investment of Ksh 1 Million then is now Ksh 38 Million. In a nut shell, of the 14 young Billionaires who made it to the list, 9 are Tech entrepreneurs; the rest inherited their fortunes.
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The youngest is Snap Inc CEO and founder Evan Spiegel, 26 with a net worth of $ 2.1 Billion. In 2015, Zuckerberg and his wife created Chan Zuckerberg initiative and pledged to give 99% of their Facebook shares within their lifetime to “Advance human potential”. He committed to give $ 3 Billion by end of this decade with an ambitious goal of curing or managing all diseases by end of the century..
Tech is doing major advancements in Health as much in Finance and it’s good to have deep pockets that are committed to solving human problem. It’s also clear the shortest route to to be young and rich is through tech and inheritance.
