Cosmetics and toys: what did the Forbes newcomers get rich with?

In 2018, Forbes discovered the new dollar billionaires in the 259 world. These people lead a successful business related to production, new technologies and investments, writes Forbs.ru.

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Last year, the rise of markets around the world increased the number of dollar billionaires in the Forbes list to 2208 people, the magazine counted 259 new billionaires. The success of these people led a variety of things - from cryptocurrency to In-N-Out burgers or Hatchimals children's toys.

The richest newcomer to the ranking is Francoise Betancourt-Myers with a fortune of $ 42,2 billion. She became the heir to the cosmetic empire. L'Oréal and the most affluent woman in Europe after her mother, Lillian Betancourt, died at the age of 94 in September. By this time, Betancourt-Myers had already managed the holding, the shares L'Oréal along with her own husband and two sons. In addition, she has written 3 books, including one about Greek gods.

Heir In-N-Out Burger Linsey Snyder joined the ranks of dollar billionaires with a fortune of $ 1,2 billion, celebrating a truly memorable birthday.

In May, Snyder turned 35 years old - she received the last part of her inheritance, increasing her share of the fast-food chain on the West Coast to about 97%. Her grandparents founded In-N-Out in 1948. Her uncle and father, who were previously presidents of the company, died early; in 2000, Snider, who was then just 18 years old, became the sole heir to the family company. In 2010, she became president of the company and has since increased the number of points In-N-Out nearly a third, up to about a cafe 330.

More than three quarters of new billionaires made their fortunes as independent entrepreneurs. Among their childhood friends are Canadians Anton Raby and Ronnen Harari, who founded a toy company in 1994. Spin Master with a starting capital of $ 10 000. Their first product was "Friend of the Earth" (Earth buddy) - nylon head-stocking, from which grass sprouted during watering. Now Spin Master produces flying balloons Air Hogs with remote control and robots Hatchimals and also releases on the channel Nickelodeon jr. television show PAW Patrol. The status of each of the co-owners Spin Master equals $ 1,3 billion

Another debutant from Canada is Toby Lutke, who founded 2006 in Shopify, an e-commerce platform that operates around 600 000 online stores. A native of Germany, he learned how to program in 12 years, and in 16 years he dropped out of school for the sake of computer engineering. In 2003, he immigrated to Canada after meeting his current wife during a snowboard ride in Whistler. Shopify entered the stock exchange in 2015 year. Since then, the company's shares have grown by 320%, which has increased the fortune of Lutke to $ 1,2 billion - while still riding his bicycle to work.

Other notable newcomers include Spaniard Alberto Palatchi ($ 1,1 billion), who last October sold a wedding dressmaking company. Pronovias, founded by his father in 1922, for about $ 655 million; Swiss Thomas Flor ($ 2,3 billion), who founded a private aviation company Visjet, and the Americans Nirag Shah and Steve Konin ($ 1,6 billion each), who jointly launched an online home goods store Wayfair.

In general, Forbes discovered new billionaires in 35 countries around the world. The leader is China, where the newcomers 89 appeared, followed by the US (45), India (18) and Germany (13). Telecommunications mogul Stryv Masiyiva ($ 1,4 billion) this year joins the list as the first billionaire from Zimbabwe, and Sandor Chany, whose OTP Group is one of the largest financial groups in Central and Eastern Europe, the first-ever representative of Hungary on the list Forbes.

These new billionaires have made their fortunes in various branches of 18. Heads up the production list where 47 newbies came from, followed by technology (29). The third most popular industry is finance and investment (24). This includes conditions made in the field of traditional financial services - including newcomers Edward Johnson IV and Elizabeth Johnson, the grandchildren of the founder Fidelity Investments Edward Johnson II, the state of each of which is equal to $ 3,6 billion - and, for the first time, the new tycoons who have earned billions in cryptocurrency fever.

Chris Larsen, the richest person in the cryptocurrency world, joins the list Forbes with a fortune of $ 4,6 billion. In 2012, he became one of the founders of cryptocurrency Ripple, simplifying thanks to the blockchain technology, international payments. And Changpeng Zhao, known by the nickname CZ, joins the rating with a fortune of $ 1,4 billion, thanks Binance, cryptobirge, which he founded in July.

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