Business & Industry

Jun 1, 2015

Young Millionaires

Young millionaires are rising around the world. New opportunities made possible from the aftermath of the digital revolution open new markets to new ideas and business concepts, wich let imaginative and innovative people do what they can do best: invest and make a profit.

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Kamal Budhabatti (Kenya)

Kamal Budhabhatti is the founder and Chief Executive Officer of Craft Silicon, a Kenya-based global software development and services company.

He founded Craft Silicon in October 2000. Today, under his leadership and vision, Craft Silicon has been recognized as one of the biggest software house across the emerging markets with its other development center and relationship office in India and USA respectively. Craft Silicon has talent strength comprising technology architects, and domain experts, providing solutions to the banking, financial services and insurance industries. Today Craft Silicon is valued more than 2 Billion KSH.

With 250 employees and more than 200 customers spread across 40 countries in Africa, Eastern Europe and Asia, Kamal still strongly believes in the power of 'Innovative Thinking' and delivers ground-breaking solutions to Craft Silicon Customers even now thereby standing in line with the organization's motto 'Thinking. Crafting. Transforming.'

Kamal founded the Craft Silicon Foundation with the social intention to educate the aspiring youngsters of Kenya in the area of information technology.

Sergey Kolesnikov and Igor Rybakov (Russia)

The two billionaires, now 43, had a well-timed entry into the market, catching the start of a wave of private homeownership and government upgrades to Soviet-era housing. The number of newly built private homes in Russia almost doubled to 205,000 from 2002 to 2012, according to data from the Federal State Statistics Service, and new apartment units increased more than two times during the past decade to 838,000.

Technonicol has a 30% share of Russia's insulation market, according to Moscow-based Abarus Market Research. It derives 70% of its sales supplying repair work and the balance from new construction sales.

Tyler Dikman (USA)

Tyler started out making money like many kids, by mowing lawns, setting up lemonade stands, and babysitting. He even did magic shows for birthday parties, charging around $25 for a 30-minute presentation. Whn he was 10, he got his first computer, which he proceeded to take apart and study from the inside out. As he learned more about computers, he began repairing them for his teachers in the eighth grade, which led him to the revelation that he could charge others for repairs on their rigs. It wasn't long before he was charging $15 per hour.

He ended up landing a babysitting job some time later for the Vice-President of Merrill Lynch bank, Malcolm Taaffe. He was offered an internship by Taaffe, which led to a full-time job around a couple weeks later. Tyler was put in charge of computer acquisition, setup, training, and troubleshooting. At age 15, he started Cooltronics, a business that repaired computers, as a hobby. By hiring a few friends as employees and working long hours, he made it into a turnkey solutions company that sells, delivers, and sets up PCs for customers. His business now does millions of dollars in sales each year.

Chen Tianqiao (China)

Chen co-founded Shanda Interactive Entertainment Limited in December 1999 and has been its Chairman of the Board and Chief Executive Officer since December 1999. The company grew quickly after it became Chinese mainland agent for the Korean game "Legend".

Shanda is now the leader in China's online game industry. It offers a portfolio of diversified entertainment content including some of the most popular massively multi-player online role-playing games and casual online games in China. The company was listed on Nasdaq in 2003. Chen profited handsomely from the company's success. He holds a bachelor's degree in economics from Fudan University in Shanghai.

Jordan Gutierrez (Mexico)

Jordan Gutierrez is an entrepreneur and chief operating officer for Wishpond Technologies Ltd as well as CEO of Laleo.com. Wishpond makes it easy to run landing pages, social contests, coupons & ads on Facebook, Twitter, websites & mobile.

Since moving to Vancouver at the age of 15, Jordan has split his time between running Laleo.com in Mexico City and working full-time in Vancouver, Canada. He is currently in full internet start-up mode, and spends most nights sleeping under his desk in downtown Vancouver.

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