FORBES; Billionaires The Next Generation!!!!!!!

by **J The Kidd** Wed Aug 20, 2008 3:34 pm

FORBES; Billionaires The Next Generation!!!!!!! L_3e656c3945ea28edb8dee91368e1f394

When Michael Birch met an guy named Xochi at a college bar in
London, he wasn't just meeting his future wife. It was also the
beginning of a beautiful business.

Earlier this year the couple sold their social-networking site, Bebo,
to AOL for $850 million. Their cut: about $600 million. An impressive
haul for anybody, but especially for Michael and Xochi, who are just 38
and 36.

The world's current crop of billionaires has plenty of money but not
much youth. The average age of the 1,125 people on Forbes' list of the
world's wealthiest is 61. It's impossible to predict exactly who will
replace them, but don't bet against people like the Birches.

Or 32-year-old Tiger Woods. When the golf champion returns to the links
from a knee injury, he'll continue a financial rise that could crown
him the first billionaire to make his money through sports. We predict
it could happen as soon as 2011 because of Tiger's lucrative
endorsement deals.

Deal maker Roelof Botha is another to keep an eye on. The 34-year-old
venture capitalist at Sequoia Capital hit a grand slam with an early
investment in YouTube. The deal yielded a 65-fold return for Sequoia, a
storied firm that also employs current billionaire Michael Moritz.

Hedge fund manager Chase Coleman's age, 33, belies his exceptional
ability to manage money. His Tiger Global fund reportedly returned over
70% after fees last year, a performance over six times better than the
hedge fund average. One estimate pegged Coleman's earnings from his
banner year as high as $400 million.

Even younger is the glamorous Nishita Shah. She's just 28 but is one of
the richest people in Thailand because of her stake in her family's
sprawling business empire. Last month we estimated her net worth at
$375 million. When the stunning heiress is not poring over financial
reports or gracing the pages of Thai magazines, she's planning her upcoming fashion line.

The most recent Forbes Celebrity 100 list estimated that 38-year-old
entertainer Tyler Perry banked $125 million last year. The talented
Perry, who produces, directs and acts in his creations, earned more
than Jennifer Aniston, Tom Cruise and Bon Jovi combined. Building a
billion-dollar fortune in the entertainment business is extraordinarily
rare but certainly not impossible, as evidenced by Steven Spielberg,
worth an estimated $3 billion, and George Lucas, worth an estimated
$3.9 billion.

The diversity of this group shows you can't predict what industry the
next billionaire will come from, but these people also have something
in common. Even though they've accumulated more than enough money to
retire in luxury, they aren't packing up for the Hamptons.

"I'm not really sure I believe in retirement," says Michael Birch. He
worries he would be bored. He and Xochi are spending more time with
their two children since the sale of Bebo, but they're also hunting for
the next big consumer Internet hit.

Michael's returning his attention to BirthdayAlarm.com, a site the
couple founded in 2001 but couldn't focus on because of Bebo and other
ventures. "We're going back to give it some love," says Michael. The
idea's simple--a birthday reminder site and e-card seller--but the
potential's big. The site already has about 50 million registered
members.

Elon Musk is also young, successful and full of big plans. He pocketed
$22 million at 27 after selling the dot-com company Zip2. He followed
that by co-founding PayPal. When the online payment processor was sold
to eBay, Musk received nearly $170 million in eBay stock. The value of
the stake only increased as eBay stock appreciated.

Now 37, Musk isn't splitting time between vacation homes but between a
group of ambitious new businesses. His company, SpaceX, wants to
provide cheap, reliable space travel to clients such as governments and
satellite companies. Even though SpaceX is still working out the kinks
in its launch vehicles, Musk says the company has been profitable for
18 months.

What does Musk think are the most important qualities for an
entrepreneur like himself? Not surprisingly, "drive" is one of his
answers. When Musk isn't learning rocket science at SpaceX, he's
working on a venture that makes electric sports cars and another one
that designs and installs solar panels.

by **Chief Black** Wed Aug 20, 2008 3:38 pm

Damn I'd Like 2 Be On Dat List Lol!!!!!!!!!!!

FORBES; Billionaires The Next Generation!!!!!!!

FORBES; Billionaires The Next Generation!!!!!!!

Re: FORBES; Billionaires The Next Generation!!!!!!!