Forbes magazine released the list of youngest billionaires in the world Wednesday.

All the billionaires in the list are less than 40 years old. The youngest billionaire in the world is 27-year-old Dustin Moskovitz, who was one was a roommate of Facebook founder Mark Zuckerberg.

Moscovitz is just eight days younger than Mark Zukerberg. They both dropped out from school and moved to California to start the social networking site. Facebook currently has more than 500 million users.

Brazilian-born Eduardo Saverin, who is currently residing in Singapore, is one of the Facebook founders. He apparently sold his share from Facebook and has started to invest in startups including Qwiki and Jumio, which created the online payment Netswipe.

Sean Parker, co-founder of Napster and former Facebook president, is also in the wealthy list. Ayman Hariri and Fahd Hariri, sons of slain Lebanese Prime Minister Rafic Hariri also made to the billionaires list. The top nine positions were retained by these youngest billionaires again this year.

For the first time, Robert Pera, an engineer who left Apple and founded Ubiquiti Networks, a next-generation communications technology company, has made it to the wealthy list in 2012.

Of the 20 in the list, only two young women made it to the list by inheriting their family property. China's young billionaire Yang Huiyan holds a major share in real estate developer, Country Garden Holdings, after her father Yeung Kwok Keung transferred his holding of the family's main fortune, shares in family-controlled real estate developer Country Garden Holdings, to her in 2007.

Another young billionaire is Yvonne Bauer, 34, who inherited a German mass-media company that was started in 1875. The media company currently publishes magazines in 15 countries worldwide including the U.S., Mexico, Russia and China.

Information Courtesy: Forbes

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