As the 25th edition of the Sunday Times Rich List is released, there are some interesting trends, new entries and young millionaires to note this year. Unfortunately most of us will not appear in the list and will need to continue with our day jobs!
One young millionaire, who should be very proud of her success, is Adel. No stranger to number one hit records, Adel featured at the top of the Richest Young Musicians list with a reported £30 million fortune. Her album 21 is said to be responsible for a 50% increase in her fortune since 2012 and we imagine that online sales have contributed significantly to this figure.
The Rich List had a number of sub-lists which helped to highlight success in particular industries, but we were surprised that internet and e-commerce businesses were not highlighted in this way.
BBC News has previously collated a list of the top 26 richest internet entrepreneurs using information from Forbes ranking. The internet has created some of the youngest billionaires in the quickest timescales.
Top of the most recent list were the co-founders of Google – Larry Page at age 37 and a year younger 36 year old Sergey Brin. They were students studying for their PHD’s when starting work on Google, becoming paper billionaires within five years. The youngest person on the list and probably no surprise to us all is Facebook creator, Mark Zuckerberg.
The power of the internet really cannot be underestimated and businesses are realising every day the true potential of the online market.
Published figures from Realtime statistics show that worldwide there are 2,311,121,100 internet users, which is an incredible figure for any business to market to.