billionaires under 40

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It's up to you to teach your kids about spending, saving and using credit cards properly. That's up from 56 billionaires who were in that age bracket in 2017.Maybe it's tech. The company also is cutting thousands of jobs, and is trying out smaller, strip-mall stores. While studying at Stanford in 2011, he and two classmates created Snapchat, the insanely popular disappearing-posts smartphone app.It gives users the freedom to share images without worrying that they could be embarrassingly searchable on the internet forever.Spiegel is now the chief executive of Snap Inc. His net worth is tied directly to the company’s stock, so a few major drops in the stock price have caused him to lose billions on paper.Bobby Murphy is a Snapchat co-creator, along with his old frat buddy Spiegel. While studying economics at Harvard, he made a tidy $300,000 through strategic investments in oil.But his biggest success to date came from co-founding Facebook in 2004. In 2020, a new law will shake up how you save for your later years. and Ernie has surrounded himself with a group of really smart operators.”Another trio of thirtysomething tech moguls—Airbnb cofounders Nathan Blecharczyk, Brian Chesky and Joe Gebbia—appear on The Forbes 400 for the fifth time. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. Maybe it's savvy Evan Spiegel has come a long way from his student days interning for Red Bull. The lowest-paid workers in many of these states got a pay raise in 2020. Every year, the world has more billionaires -- and more young billionaires.When Forbes compiled its 2018 list of the world's wealthiest, 2,208 people broke the billion-dollar mark, including 63 who were under age 40. The company now owns approximately 50,000 miles of energy pipelines.But the young Duncan isn’t involved in the business. A checking account isn't enough. See why it matters to you. He's now the company's chief strategy officer.In 2007, he and his roommate Joe Gebbia could barely afford the rent on their San Francisco apartment, so they started renting out air mattresses for people attending a conference when all the hotels were booked.Thus, the first "AirBed & Breakfast" was born. New to the 400 list this year is 37-year-old Ernest Garcia III, the cofounder of used-car e-commerce site Carvana. Ernie III is president, CEO and chairman; his father is the largest shareholder. Follow me on Twitter @CarterCoudriet and email me tips at ccoudriet@forbes.comReporting on the world's richest movers and shakers Zhang also created the popular news app Toutiao, which means "headlines" in Chinese.And this is only the beginning: Toutiao's artificial intelligence lab is currently researching and developing sophisticated technology to improve human-computer interaction.Garrett Camp — who's just shy of his 40th birthday — was already a successful businessman in 2009 when he and Travis Kalanick co-founded The ride-hailing app has shaken up local transportation in 79 countries and has hooked up more than 5 billion rides. This story appears in the October 31, 2019 issue of Forbes Magazine. Though Parker left soon after after clashing with investors, he walked away with what later became very valuable stock in the social media firm. I also work on Forbes' daily Alexa briefing. At Harvard, he continued writing computer programs and made enough money to cover his tuition.In 2008, at the age of 25, Blecharczyk coded Airbnb's original website. Airbnb now has hosts Software engineer Zhang Yiming was just 28 when he founded the Chinese social media company Beijing Bytedance.After just six years, Bytedance is now a giant valued at $28 billion and has 120 million daily users. Earn free gift cards from your favorite retailers, or get cash back. Got questions about secured credit cards? Fortune’s 2019 40 Under 40, our annual selection of the most influential young people in business. The crew caught the eye of a seed-funding program — and the rest, as they say, is history.

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