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They are young, enterprising and successful. Out of the world's 1,426 billionaires in the Forbes list, there are 29 people under 40 years old.
These 29 young billionaires have a total of $119 billion, according to Forbes. While ten of them have built their fortunes from the technology sector, four are from social networking giant Facebook. There are 5 newcomers in this list.
Here's the list of the world's youngest billionaires...
Mark Zuckerberg
Age: 28
Net Worth: $13.3 billion
Mark Elliot Zuckerberg is known for co-founding the social networking site Facebook.
Facebook was co-founded by Zuckerberg and classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while they were students at Harvard University in 2004.
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Dustin Moskovitz
Age: 28
Net Worth: $3.8 billion
Dustin Moskovitz is an American internet entrepreneur who co-founded the social networking website Facebook. In 2008, he left Facebook to starts a new company Asana.
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Albert von Thurn und Taxis
Age: 29
Net Worth: $1.5 billion
The 12th Prince of Thurn, Taxis's name first appeared in the billionaires' list when he was just eight-years-old.
After his father's demise, his mother, Princess Gloria, a popular media personality, saved his fortune until he was old enough to officially inherit it.
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Scott Duncan
Age: 30
Net Worth: $5.1 billion
Son of the late Dan Duncan, Scott Duncan is one of the youngest billionaires in the list.
After his father's death, Scott Duncan became one of the heirs of Enterprise Products Partners, a pipeline, processing and storage business.
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Eduardo Saverin
Age: 30
Net Worth: $2.2 billion
Eduardo P Saverin is a Brazilian-born American internet entrepreneur and investor.
Saverin is one of four co-founders of Facebook, along with Mark Zuckerberg, Dustin Moskovitz, and Chris Hughes. He later parted ways with the company. However, he owns a 5 per cent stake in the company.
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Huiyan Yang
Age: 31
Net Worth: $5.7 billion
Yang Huiyan is the majority shareholder of Country Garden Holdings and one of the wealthiest people in Mainland China.
Her father Yang Guoqiang started the company Biguiyuan in 1997.
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Fahd Hariri
Age: 32
Net Worth: $1.35 billion
Fahd Hariri is the youngest brother of Saad Hariri, Lebanese parliamentary leader. He owns a stake in family businesses in construction, banking and media sectors.
He serves on board of Beirut's Future Television Network. He runs a furniture design studio in Paris.
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Marie Besnier Beauvalot
Age: 32
Net Worth: $1.5 billion
Marie owes her wealth to the dairy business. She along with two siblings inherited French dairy giant Lactalis.
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Sean Parker
Age: 33
Net Worth: $2 billion
Sean Parker is an American technology businessman and entrepreneur. He co-founded Napster, Plaxo, Causes, and Airtime. He was Facebook's founding president.
In 2006, Parker became managing partner at the Founders Fund, a San Francisco based venture capital fund founded by Peter Thiel.
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Ayman Hariri
Age: 34
Net Worth: $1.35 billion
Ayman Hariri is the son of Lebanon's former prime minister, Rafik Hariri. Ayman has worked as an engineer at satellite consortium Intelsat.
He is a board member in the family-owned business, South African wireless carrier, 3C.
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Yvonne Bauer
Age: 35
Net Worth: $2.4 billion
Yvonne Bauer inherited a German mass-media company that started operations in 1875.
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Yoshikazu Tanaka
Age: 36
Net Worth: $1.8 billion
Yoshikazu Tanaka founded GREE Inc, a social networking service in December 2004.
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Maxim Nogotkov
Age: 36
Net Worth: $1.3 billion
Maxim Nogotkov is President of Svyaznoy Group and Chairman of Svyaznoy Bank. He became General Director of the group in 2004.
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Alejandro Santo Domingo Davila
Age: 36
Net Worth: $11.7 billion
Alejandro Santo Domingo is a Colombian-American financier. He joined the Sab Miller in 2005, following completion of the Bavaria transaction.
He is a Managing Director at Quadrant Capital Advisors, Inc., and serves on the boards of Valorem S.A., Comunican S.A. and Caracol Television S.A.
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Jack Dorsey
Age: 36
Net Worth: $1.1 billion
Jack Dorsey is an American web developer and businessman widely known as the creator of Twitter and as the founder and CEO of Square, a mobile payments company.
In 2008, he was named to the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35.
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Serra Sabanci
Age: 37
Net Worth: $1.3 billion
Serra Sabanci made a comeback to the list after losing her billionaire status in 2012. She is a board member and shareholder of her family company, Sabanci Holding.
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Nicholas Woodman
Age: 37
Net Worth: $1.3 billion
Nick Woodman is the founder and CEO of GoPro. After a 2002 Australia surfing trip in he was not able to click good quality action photos of his surfing.
So he decided to make a camera system that could capture such photos. GoPro produces one of the most versatile cameras in the world, HD Hero line of wearable and gear-mountable cameras and accessories.
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Chase Coleman
Age: 37
Net Worth: $1.4 billion
Chase Coleman is the founder and managing partner of New York based Tiger Global Management.
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Ryan Kavanaugh
Age: 38
Net Worth: $1 billion
Ryan Kavanaugh is an American film financier. He is the founder and current CEO of Relativity Media. He has financed more than 200 films
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Andrey Verevskiy
Age: 38
Net Worth: $1 billion
Founder of Kernel Holding, Andrey Verevskiy remained as chairman since September 2007. He was also the Member of the Ukrainian Parliament between 2002 and 2007.
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John Arnold
Age: 38
Net Worth: $2.8 billion
John Douglas Arnold is an American hedge fund manager, specialising in natural gas trading.
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Gary Fegel
Age: 39
Net Worth: $1 billion
Gary Fegel joined Glencore in January 2001 in the alumina/aluminium commodity department.
In January 2006, he was appointed as co-director of Glencore's alumina/aluminium commodity department, overseeing the worldwide aluminium business, which involves the buying, marketing and logistics of the metal as well as hedging and risk management.
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Kostyantin Zhevago
Age: 39
Net Worth: $1.5 billion
Kostyantin Zhevago controls the 'Finances and Credit' group - one of largest companies in Ukraine.
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Dan Gertler
Age: 39
Net Worth: $2.2 billion
Dan Gertler is an Israeli businessman, the founder and President of the DGI (Dan Gertler International) Group of Companies.
He has interests in diamonds and copper mining in the Republic of the Congo.
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Ana Luia de Mattos Barretto Villela
Age: 39
Net Worth: $1.15 billion
Ana Lucia de Mattos Barretto Villela hails from one of Brazil's biggest banking families. She is one of the largest individual shareholders of Sao Paulo-based Investimentos Itau S.A.
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Lee Seo-Hyun
Age: 39
Net Worth: $1 billion
An inherited stake in Samsung Everland, makes her a billionaire. She is the youngest daughter of Samsung Chairman Lee Kun-Hee.
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Fang Wei
Age: 39
Net Worth: $1.5 billion
Fang Wei leads Shanghai-listed Fangda Carbon New Material, carbon products researching, manufacturing and marketing company.
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Sergey Brin
Age: 39
Net Worth: $22.8 billion
Sergey Brin co-founded Google, one of the world's most profitable Internet companies. Brin and Larry Page own about 16 per cent of the company.
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Larry Page
Age: 39
Net Worth: $23 billion
Larry Page, Google's co-founder became the chief executive officer of Google on April 4, 2011. He is the inventor of PageRank, which became the foundation of Google's search ranking algorithm.