Dell CEO tops list of richest young Americans

  • Business
  • Saturday, 18 Sep 2004


THE founders of the newly-listed search engine Google, hit rapper Jay-Z, actress Jennifer Lopez and the 18-year-old twin sisters, actresses Mary-Kate and Ashley Olsen, were the many faces that made it to this year’s list of America’s 40 richest kids under 40.  

Fortune magazine in its Sept 18 issue listed Internet billionaires, actors, actresses and sportsmen as America’s rich kids whose fortunes range from US$106mil to US$18bil, many of whom had survived the tech bubble bust.  

Topping the list at the age of 39, is Michael Dell (also a Datuk), whose wealth is estimated at US$17.95bil. He is chairman and founder of Dell Computer.  

He is trailed by Pierre Omidyar, chairman and founder of eBay, who at 37 has US$10.05bil. Skoll Foundation chairman and founder Jeff Skoll, formerly the eBay president, at 39, is in third place with US$4.69bil.  

Google’s Larry Page (president – products/co-founder) and Sergey Brin (president – technology/co-founder) stand in 4th and 5th place with US$4.19bil and US$4.17bil respectively. Both are 31.  

Dell CEO Michael Dell tops the list

Next is Yahoo’s chief and co-founder Jerry Yang with US$2.81bil at the age of 35. Ken Griffin, 35, the youngest of the rich hedge fund managers is worth U$$1bil. He is president and founder of Citadel Investment Group and in 8th place.  

Jeffrey Citron, 34, chairman/CEO/co-founder of Vonage – the company that has shaken up many established players with its broadband offering via phone lines – is listed at 11th place with US$346mil.  

Golfer Tiger Woods, 28, may have lost the world title to Vijay Singh but he is the richest sportsman at 14th place with fortunes of US$295mil.  

Miami Heat basketball player Shaquille O’Neal, at age 32, is the second richest sportsperson after Woods with fortunes of US$222mil. Tennis player Andre Agassi, 34, is at 27th slot with US$162mil, while Kevin Garnett, 28, a new face on the list is a basketball player with Minnesota Timberwolves. He has US$106mil.  

Spunky actress Jennifer Lopez, 35, in her first entry to the list, also heads the list of actors and actresses with US$255mil in wealth in 19th place. Fortune said her perfume and fashion line sold in department stores had a boom year with US$300mil in revenue and her latest is a lingerie line. She is also singer and co-owner of Sweetface Fashion.  

The big-eyed child actresses from Los Angeles that started university recently, Ashley and Mary-Kate Olsen are worth US$137mil each and co-presidents of DualStar Entertainment. They are in 31st place.  

Google co-founders Larry Page and Sergey Brin are fourth and fifth on the list.

Julia Roberts, 36, ranked 25th, has US$212mil while Will Smith, ranked 25th, is worth US$188mil at 35, and pop-tart Britney Spears, aged 22 and first-time entrant, is 38th on the list with US$123mil.  

Hit rapper Jay-Z or Shawn Carter, “who not only delivers platinum albums but also owns Roc-a-Fella Enterprises which producers records, “urban streetwear”, premium vodka and ice-cream, is 16th on the list with US$286mil at the age of 34.  

Earlier this month, 10 of Malaysia’s wealthiest tycoons made it to the Forbes list of South-East Asia’s 40 Richest. Nine on the list were from Thailand, and seven each from Singapore, Indonesia and the Philippines.  

Topping the list was Malaysian-born Robert Kuok. At 81, his fortunes are worth US$4.1bil. Second on the list is another Malaysian, the elusive T. Ananda Krishnan, with US$3.5bil. Singapore’s Kwek Leng Beng with US$2.8bil was third.  

Three tycoons: Indonesia’s Rachman Halim, Malaysias Tan Sri Quek Leng Chan and Singapore’s Ng Teng Fong were in fourth place with US$2.3bil each. 

Actress Jennifer Lopez is in 19th place.

Genting Bhd boss Tan Sri Lim Goh Tong in 9th place was worth US$1.9bil, followed by Public Bank Bhd’s chief Tan Sri Teh Hong Piow with US$1.8bil; Sarawak timber tycoon Tan Sri Tiong Hiew King with US$1bil: Tan Sri Francis Yeoh (US$875mil); IOI Group boss Tan Sri Lee Shin Cheng (US$720mil); Tan Sri Syed Mokhtar Albukhary (US$375mil); and MK Land Bhd’s chief Tan Sri Mustapha Kamal Abu Bakar (US$350mil).  

Thai Prime Minister Thaksin Shinawatra is 16th on the list with US$1.2bil; Indonesia’s R. Budi Hartono in 8th place with US$2.2bil; Philippines Lucio Tan at 12th place with US$1.6bil; and Murli Kewalram Chanrai, the fourth generation to head the Kewalram Chanrai Group is worth US$670mil at 24th place. 

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