Net worth of the richest internet billionaires 2020

The ranking of the richest billionaires who earned their fortune in the internet business is headed by Amazon founder Jeff Bezos, who is sitting in first place with a personal net worth of 113 billion U.S. dollars. Facebook founder Mark Zuckerberg was ranked second with 54.7 billion U.S. dollars. Both Bezos and Zuckerberg are also featured in the top 5 ranking of the richest Americans of 2019.

Internet billionaires

Millions of entrepreneurs are hoping that their company will be the next big thing, and for many startups going public or being acquired by an industry giant are a safe bet to generate riches. The ranking of the richest internet billionaires is dominated by founders and early investors of global online companies including Amazon, Google and Facebook, or startups that were sold to major companies. A popular example of a successful sales is mobile messaging app WhatsApp, which was sold to Facebook in 2014 for an eyewatering 19 billion U.S. dollars, making founders Jan Koum and Brian Acton billionaires in the process. However, as of 2019, Facebook is no longer a desired acquirer for young tech companies, as the social network is plagued by a series of scandals and many founders of its former acquisitions have spoken out against Facebook. WhatsApp’s and Instagram’s founders left the company, and the Oculus founders were demoted. Many acquired products have also been shut down, making it an unattractive prospect to sell an innovative service to Facebook. Facebook founder Zuckerberg has stated in 2010 that most of his company’s acquisition efforts are for the talent, not for the product.

Billionaires in China

The flourishing Chinese tech market, led by online giants BAT (Baidu, Alibaba, Tencent), has given rise to a whole new group of self-made billionaires. The richest newcomer on the tech billionaire ranking is Colin Huang, founder of Chinese discount web retailer Pinduoduo, which went public in the United States in July 2018, raising 1.6 billion US. dollars in the process.

Leading internet billionaires as of March 2020, by net worth

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Source

Release date

March 2020

Region

Worldwide

Survey time period

March 2020

Special properties

Internet billionaires

Supplementary notes

* Billionaires who earned their fortune in the internet business. Excluding hardware and software business. Data is based on the Forbes Billionaires: Technology ranking.

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