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The Top 10 Richest Social Media Entrepreneurs

The Top 10 Richest Social Media Entrepreneurs

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There’s a famous saying, “social media should benefit your life, not become your life”. Regardless of this phrase, social media is certainly becoming our life. So, whose life really benefits from social media? The people behind the postings, the creators, the founders, the people with the ideas? Who are these people with the ideas? Where do they come from? Where are they now? Let’s take a look!

10) Hae Jin Lee, of Line – $1.2 billion

D.O.B: June 22, 1967
Nationality: South Korean
Source of Wealth: Line
Marital Status: Married
Residence: Seoul, South Korea

  • Hae Jin Lee is a self-made billionaire. As the founder and director of Naver Corporation, the South Korean company operates Line, which is one of Japan’s most popular social networking apps.
  • Line is run by a Japanese subsidiary of Naver Corporation, called Line Corporation. Users can exchange images, texts, video and audio. They can also conduct free video conferences and VoIP conversations.
  • Line was launched in Japan in 2011 and within 18 months had reached 100 million users. This number had doubled only six months later!
  • Lee Hae-Jin ranked at number 34 on Forbes’ list of Korea’s 50 richest people.

 

Hae Jin Lee

9) Yoshikazu Tanaka, of Gree Inc – $1.28 billion
D.O.B: February 18, 1977
Nationality: Japanese
Source of Wealth: Gree
Marital Status: Single
Residence: Tokyo

  • Yoshikazu was rated as the world’s second-youngest self-made billionaire, behind only Facebook’s Mark Zuckerberg. In 2010, he was Asia’s youngest self-made billionaire under the age of 35.
  • Launched in 2004, Gree is Japan’s largest social networking site, with around 29 million users in the country and plans afoot to extend the app globally.
  • The name ‘Gree’ came from a theory by social psychologist Stanley Milgram in 1967, called Six Degrees of Separation. He believed everyone on the earth was only six steps away from any other person, hence in terms of “a friend of a friend” connections, any two people in the world could be connected in six steps or fewer.
  • Yoshikazu started developing the Gree site in 2003 when he was 26, as a hobby. He opened it to the public in February 2004 and by March, more than 10,000 users had already joined.

 

Yoshikazu Tanaka

8) Jack Dorsey, of Twitter – $2 billion

D.O.B: November 19, 1976
Nationality: American
Source of Wealth: Twitter
Marital Status: Single
Residence: San Francisco, CA

  • This one will surprise you more than most, considering he’s only in 8th place, yet his wealth is endorsed around the second largest social networking site, Twitter.
  • Twitter is used by more than 304 million people on a monthly basis, providing Jack Dorsey with a remarkable income through ads and affiliates. Dorsey is said to be worth $2 billion dollars – that’s $1.2 billion dollars less than Reid Hoffman, creator of LinkedIn; it might be unbelievable but it’s true!
  • In his earlier years, Jack dropped out of a New York University and in 1999 he became a certified masseur! It wasn’t until 2006 that he partnered with Ev Williams, Biz Stone and Noah Glass to create Twitter! By the year 2008, he shifted to the company chairman’s seat!
  • Why is his income so low considering the source of his wealth? This is something we’ll probably never know…

 

Jack Dorsey

7) Sean Parker, of Napster – $2.6 billion

D.O.B: December 3, 1979
Nationality: American
Source of Wealth: Napster
Marital Status: Married
Residence: Los Angeles

  • Parker founded the file-sharing service Napster and was also the first president of Facebook. He also co-founded other online platforms such as the fundraising site Causes, an early social networking site called Plaxo, the video chat room Airtime and the political advocacy platform, Brigade.
  • At 15, Parker met Shawn Fanning online and they went on to launch the peer-to-peer file-sharing site Napster in June 1999, at a cost of $50,000. Within 12 months, there were tens of millions of users and Napster became the fastest-growing business of all time and the precursor to iTunes.
  • Parker is a well-known philanthropist and has donated millions of pounds to charities including $600 million to launch the Parker Foundation in 2015 which focuses on global public health, life sciences and civic engagement. He also actively supports other charities, including Stand Up to Cancer and Malaria No More.

 

Sean Parker

6) Reid Hoffman, of LinkedIn – $3.2 billion.

D.O.B: August 5, 1967
Nationality: American
Source of Wealth: LinkedIn
Marital Status: Married
Residence: Palo Alto, CA

  • The business platform known as LinkedIn has made Hoffman an extremely wealthy man. He has had a hand in creating two of the most successful social networking sites: Facebook and more importantly, LinkedIn.
  • Reid Hoffman is a married man living in the United States, with an education worth bragging about. His education includes being a Bachelor of Arts and Master of Science; he studied at Stanford and Oxford University.
  • He is also a venture capitalist and an author whose first job was at the age of 12, when he did some editing for a gaming company called Chaosium that was based in his hometown.
  • Although LinkedIn has more than 380 million users, it’s a surprise that the company-based network is ranking higher than Twitter!

 

Reid Hoffman

5) Evan Spiegel, of Snapchat – $3.4 billion.

D.O.B: June 4, 1990
Nationality: American
Source of Wealth: Snapchat
Marital Status: Single
Residence: Los Angeles, CA

  • By now you’ve probably heard of ‘Snapchat’, the social media platform that allows people to communicate via 1-10 second ‘snaps’. Something as simple as that has made Evan Spiegel one of the richest social media entrepreneurs to date. Let me guess, you’re probably wondering “Why didn’t I think of that”? Me too…
  • Evan Spiegel is said to be worth $3.4 billion dollars! Evan is only 27 years of age, living as a single man in the United States. Surprisingly, creating incredibly successful apps wasn’t part of his education… science was.
  • What made more than 100 million people use the free app daily? Who knows!

 

Evan Spiegel

4) Jan Koum, of WhatsApp – $9.7 billion.

D.O.B: Febuary 24, 1976
Nationality: American
Source of Wealth: WhatsApp
Marital Status: Single
Residence: Santa Clara, CA

  • Despite the fact that Jan no longer owns WhatsApp, he owned it for long enough to make him the 4th richest social media entrepreneur.
  • After a rough spell in his life, involving his mother being diagnosed with cancer, they lived on her disability. However, it wasn’t long before he got back on his feet. Jan always had a knack with computers and in 1998 he joined the ‘Yahoo’ team. His role within the company was as a security and infrastructure engineer. After nine years working with fellow billionaire David Filo, he left the company.
  • In 2009, Jan launched WhatsApp! It’s now the largest mobile messaging service that the world has ever seen – it’s filled with more than 800 million users! Shortly after, Facebook bought WhatsApp.
  • Did Facebook need to buy WhatsApp? Was it a worthy investment? Was it a wise idea to sell the network? Only time will tell.

 

Jan Koum

3) Ma Huateng, of Tencent – $36.3 billion

D.O.B: October 29, 1971
Nationality: Chinese
Source of Wealth: Tencent
Marital Status: Married
Residence: Shenzhen, China

  • Tencent Holdings Limited is a Chinese investment holding company founded in November 1998. It provides social networking, online entertainment, gaming and payment systems across China. As the world’s largest gaming company, its mobile online games are among the most successful and popular on the planet.
  • The founder, president and CEO of Tencent Inc, Ma Huateng was revealed as Asia’s second richest person in July 2017. The former Shenzhen University student had graduated in 1993 with a BSc in computer science and went on to work for a telecommunications company, where he was in charge of software development.
  • In February 1999, he and his team launched software for an early internet messaging service that had gained more than one million registered users by the end of the year. Tencent’s WeChat social networking app, launched in 2011, has more than 697 million active users.

 

Ma Huateng

2) Larry Page, of Google – $44.7 billion.

D.O.B: March 26, 1973
Nationality: American
Source of Wealth: Google
Marital Status: Married
Residence: Palo Alto, CA

  • Unsurprisingly, Larry Page is of course listed amongst the richest social media entrepreneurs. Despite his wealth and fame being largely based around his success with the search engine ‘Google’, Larry has also created, owned and managed various social networking sites.
  • With Larry being the CEO of Google itself, there was never any doubt that Google+ would attract the attention of many. However, the platform that was highly expected to succeed Facebook has not performed as they had originally hoped; some people are even classing Larry’s Google+ as a failure!
  • Despite claims that Google+ will never make it to the capacity of Facebook, Larry is said to be worth $44.7 billion, so it’s highly doubtful that the demise of Google+ is something that will bother him.
  • Larry is now 44 years old, happily married with a child and living in the United States. As is Reid Hoffman, he is a Bachelor of Arts and a Master of Science!
  • Let’s not forget, as the CEO of Google he also has a large dictation in the future of YouTube, the most successful video networking site to date; Larry has a part ownership in the company.

 

Larry Page

1) Mark Zuckerberg, of Facebook – $71.5 billion.

D.O.B: May 14, 1984
Nationality: American
Source of Wealth: Facebook
Marital Status: Married
Residence: Palo Alto, CA

  • My bet is you’re somebody that uses Facebook on a daily basis – along with the other 1.49 billion monthly active users. Without the creativity and imagination of Mark Zuckerberg, you’d probably still be posting blogs on Bebo!
  • Mark is 33 years of age. He created the world’s largest social networking site in 2004, when he was just 20 years old! What were you doing when you were 20? Like most people, you probably weren’t well on the way to becoming a billionaire.
  • Facebook is constantly growing day by day and minute by minute and Mark’s income is doing the same thing. Mark Zuckerberg is ranked as the 8th richest person in the world to date, so it should come as no surprise that he’s ranked as THE richest social media entrepreneur!
  • Mark is still a very young man, so it’s quite within the realms of possibility that he will soon overtake Bill Gates and become the richest man on the face of the earth!
  • You’re probably wondering how he got to where he is? Nobody can answer that. Mark Zuckerberg dropped out of university and education as a whole. It seems his intelligence was widely produced on his passion for technology. Mark claims he never imagined he’d be where he is today when he dropped out of education!

 

Mark Zuckerberg

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