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Thursday, July 25, 2024

40 Under 40 AI Rich List Announced

According to Forbes, 2023 witnessed a remarkable surge of over 40% and more in the net worth of tech entrepreneurs. John Collison, co-founder of Stripe, experienced a substantial increase, with his net worth climbing from £3 billion ($5 billion) to around £5 billion ($7 billion). The year marked a turning point as AI gained mainstream prominence and fueled significant economic growth.

In this AI- driven economy, Mindstream, experts in AI, compiled a list of the top “40 under 40” richest people in AI, as identified by Forbes Billionaires and Forbes Real-Time Billionaires, individuals with a net worth exceeding US$1 billion.

The list highlights the abundant opportunities within this sector and AI’s continuing impact across various industries.

Key highlights:

  • The collective net worth of these young billionaires is around £78 billion ($99 billion), signalling a new era of technological advancement where AI not only drives innovation but also generates substantial wealth and influence.
  • The list’s youngest member, 19-year-old Livia Voigt, holds a £700 million ($1 billion) stake in the industrial machinery firm, WE.

These young billionaires hail from diverse countries like the United Kingdom, United States, Australia, China, India, Canada, and South Korea, representing a wide spectrum of industries, including technology, investments, and manufacturing.

Top 5 40 under 40 Richest People in AI:

At the top of the list is Pavel Durov, often called the Zuckerberg of Russia. At 39 years old, this entrepreneur has a net worth of around £12 billion ($15 billion). His messaging app, Telegram, has revolutionised the digital landscape with its innovative AI features, giving a glimpse into the exciting future of AI technology.

Second on the list is Dmitri Bukhman. At 38 years old, this entrepreneur has a net worth of around £7 billion ($9 billion). With his brother Igor Bukhman, he co-owns Playrix, an online gaming company and Europe’s largest mobile game developer. Playrix is famous for its free mobile app games, such as Homescapes and Fishdom, and it ingeniously leverages AI to enhance its game development efficiency, inspiring us with the potential of AI in the gaming industry. 

The Collison brothers, John (33) and Patrick (35) claim the third and fourth spots, with net worths of around £5 billion ($7 billion). These Irish entrepreneurs have used AI and machine learning to drive their e-commerce platform, Stripe, to unprecedented success.

Rounding out the top five is 20-year-old Italian Clemente del Vecchio. He inherited around £3 billion ($4 billion) shares from his family’s company, EssilorLuxottica, specialising in intelligent eyewear. This inheritance has made del Vecchio one of the youngest and wealthiest individuals globally, granting him substantial influence in the luxury eyewear industry and a key role in advancing innovative eyewear solutions at such a young age.

Adam Biddlecombe, CEO of Mindstream, said, “We live in an era where AI is not only leading to technology disruptions but also quickly creating wealth and opportunities. The surging net worth among tech entrepreneurs further makes a case for the employability impact created by AI worldwide. This list celebrates, therefore, not just the remarkable success of these young innovators but will inspire future generations to take advantage of AI’s potential for positive change.”

The Full List of 40 Under 40 Richest People in AI

Ranking  | Name  | Age  | Net worth  | Source Of Wealth  | Country
1  | Pavel Durov  | 39  | $15.5 Billion  | Telegram Messenger  | Russia
2  | Dmitri Bukhman  | 38  | $9 Billion  | Playrix  | Russia
3  | John Collison  | 33  | $7.3 Billion  | Stripe  | Ireland
4  | Patrick Collison  | 35  | $7.2 Billion  | Stripe  | Ireland
5  | Clemente del Vecchio  | 20  | $4.8 Billion  | EssilorLuxottica  | Italy
6  | Rocco Basilico  | 39  | $4.7 Billion  | EssilorLuxottica  | Italy
7  | Michal Strnad  | 31  | $4.5 Billion  | Czechoslovak Group (CSG)  | Czech Republic
8  | Cliff Obrecht  | 38  | $4.4 Billion  | Canva  | Australia
9  | Melanie Perkins  | 37  | $4.4 Billion  | Canva  | Australia
10  | Evan Spiegel  | 33  | $3.7 Billion  | Snapchat  | USA
11  | Sriharsha Majety  | 38  | $3.6 Billion  | Swiggy  | India
12  | Bobby Murphy  | 35  | $3.5 Billion  | Snapchat  | USA
13  | Chen Tianshi  | 39  | $3.1 Billion  | Cambricon Technologies  | China
14  | Nikolay Storonsky  | 39  | $2.7 Billion  | Revolut  | London, UK
15  | Dylan Field  | 32  | $2 Billion  | Figma Inc  | USA
16  | Johnny Boufarhat  | 29  | $1.9 Billion  | Hopin  | UK
17  | Austin Russel  | 29  | $1.7 Billion  | Luminar  | USA
18  | Joe Lau  | 34  | $1.5 Billion  | Alchemy  | USA
19  | Nikil Viswanathan  | 36  | $1.5 Billion  | Alchemy  | USA
20  | Ivan Zhao  | 37  | $1.5 Billion  | Notion  | Canada
21  | Chris Wanstrath  | 39  | $1.4 Billion  | GitHub  | USA
22  | Brett Adcock  | 37  | $1.4 Billion  | Figure  | USA
23  | Baiju Bhatt  | 39  | $1.3 Billion  | Robinhood  | USA
24  | Roy Reznik  | 35  | $1.2 Billion  | Wiz  | Israel
25  | Martin Klenk  | 37  | $1.2 Billion  | Celonis  | Germany
26  | Stanley Tang  | 32  | $1.2 Billion  | DoorDash  | USA
27  | Andy Fang  | 33  | $1.2 Billion  | DoorDash  | USA
28  | Kim Jung-min  | 22  | $1.2 Billion  | Nexon  | South Korea
29  | Kim Jung-youn  | 20  | $1.2 Billion  | Nexon  | South Korea
30  | Matei Zaharia  | 39  | $1.2 Billion  | Databricks  | Romania
31  | Alexander Rinke  | 35  | $1.1 Billion  | Celonis  | Germany
32  | Wu Xubo  | 39  | $1.1 Billion  | ZX  | China
33  | Shunsaku Sagami  | 33  | $1.1 Billion  | M&A Research Institute  | Japan
34  | Ryan Breslow  | 30  | $1.1 Billion  | Bolt  | USA
35  | Livia Voigt  | 19  | $1.1 Billion  | WEG  | Brazil
36  | Dora Voigt de Assis  | 26  | $1.1 Billion  | WEG  | Brazil
37  | Alex Wang  | 27  | $1 Billion  | Scale AI  | USA
38  | Sam Altman  | 39  | $1 Billion  | OpenAI  | USA
39  | Bhavish Aggarwal  | 38  | $1 Billion  | OlaKrutrim  | India
40  | Apoorva Mehta  | 37  | $1 Billion  | Instacart  | Canada
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