Woods, Nishita Shah among Forbes' Next-Gen Billionaires List


PTI

New York, Aug 21: Celebrity golfer Tiger Woods and India-origin Nishita Shah, the managing director of Thailand's diversified GP group, have made their way into the list of next generation billionaires compiled by US business magazine Forbes.

Twenty-eight-year-old Nishita Shah and her family had earlier featured in the Forbes 'Thailand's 40 richest' people rankings with a net worth of USD 375 million.

Noting that the world's current crop of billionaires has plenty of money but “not much youth”, the American magazine said the average age of the 1,125 people on Forbes list of the world's wealthiest is 61.

“...It's impossible to predict exactly who will replace them, but don't bet against the following people. All are young, extraordinarily successful and have ambitious plans for the future,” the magazine said in an accompanying article published in its online edition.

Other names in the list are Elon Musk (37 years old), who is the co-founder of online payment processor Paypal, Kenji Kasahara (32 years), the creator of Japan's leading portal Mixi, venture capitalist Roelof Botha (34 years), Chase Coleman (33 years), who runs tiger global fund, Michael and Xochi Birch, the founders of social networking site Bebo and hollywood actor Tyler Perry (38 years).

On Tiger Woods, the magazine said that when the golf champion returns to the links from a knee injury “he will continue a Financial rise that could crown him the first billionaire to make his money through Sports.

“We predict it could happen as soon as 2011 because of Tiger's lucrative endorsement deals,” the report added.

Writing on Nishita Shah, Forbes noted that she is one of the richest people in Thailand because of her stake in the sprawling family business.

“Last month we estimated her net worth at 375 million dollars. When the stunning heiress is not poring over Financial reports or gracing the pages of thai magazines, she's planning her upcoming fashion line,” the report said.

The recent Forbes celebrity 100 list estimated that 38-year-old entertainer Tyler Perry banked 125 million dollars last year.

According to the magazine, the diversity of the next generation billionaires list shows that one cannot predict you cannot predict what industry the next billionaire would come from and added that these people also have something in common.

“Even though they've accumulated more than enough money to retire in luxury, they aren't packing up for the Hamptons,” Forbes said.

  

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Title: Woods, Nishita Shah among Forbes' Next-Gen Billionaires List



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