According to the 2015 Forbes Billionaire list, the success of Snapchat, Facebook and Uber has made California home to the largest number of billionaires on earth after China and the US.
The list shows that California currently has 131 individuals worth 10 figures, that is more than any country besides the US and China. There are 1,826 billionaires on the list, 290 of which are newcomers and a record-breaking 46 of them were under the age of 40.
According to Forbes, the tech industry in Silicon Valley produced 23 new billionaires, among which is the 24 year old founder of Snapchat, Evan Spiegel. Garrett Camp, Travis Kalanick and employee Ryan Graves, Uber kingpins, are counted amongst tech’s richest.
At 31, Elizabeth Holmes, the director of the blood-testing firm Theranos, is the youngest self-made female. Those who had inherited wealth were far outnumbered by entrepreneurs – with 1191 entrepreneurs versus 230 with family money.
The Russians featured a lot among the 138 people who left the ranks altogether. That includes Petro Poroshenko, the Ukranian President, and Michael Kors the designer.
Aliko Dangote, Africa’s richest man is also 2015’s biggest loser. The Nigerian commodities magnate’s fortune dropped $10.2 billion because of the weakening of the Nigerian currency as well as reducing demand for cement. However, he’s not broke yet. His fortune is still worth a huge $14.7 billion.
What about the planet’s richest man? Bill Gates, who has now been top of the list for 16 of the past 21 years, saw his fortune increase by $3.2 billion from last year to reach a whopping $79.2 billion.