Mark Zuckerberg of face book is the youngest billionaire

- Mark Zuckerberg, the 23-year-old founder of social networking site Facebook, is the youngest ever self-made billionaire, according to an annual list published by Forbes magazine.

“He is the youngest billionaire in the world right now and we also believe he is the youngest self-made billionaire in history,” said the magazine’s Associate Editor Matthew Miller, unveiling this year’s super-rich list.

The magazine put the former Harvard student’s personal wealth at 1.5 billion dollars, based on what it said was a conservative valuation of five billion dollars for Facebook and Zuckerberg’s estimated 30 percent stake.

It played down speculation that the site could be worth as much as 15 billion dollars, which was based on Microsoft paying 240 million dollars for a 1.6 percent stake in the company last year.

Anil announces GSM foray, promises exciting tariff

Anil Ambani, head of Reliance Anil Dhirubhai Ambani Group (ADAG), on Tuesday announced the launch of Reliance Communications' GSM mobile phone services in the first week of January 2009.

Billionaire Blowups of 2008

The year 2008 seen one of the worst financial crisis of recent times. In this many of the wealthiest tycoons lost a lot of billions. In this, the following people lost the most.
1.Anil Ambani
March net worth: $42 billion
urrent net worth: $12 billion

2.Oleg Deripaska
March net worth: $28 billion
Current net worth: less than $10 billion

3.Anurag Dikshit
March net worth: $1.6 billion
Current net worth: $1 billion

4.Bjorgflur Gudmundsson
March net worth: $1.1 billion
Current net worth: zero

5.Luis Portillo
March net worth: $1.2 billion
Current net worth: $15 million

‘Anil Ambani world’s top loser with $30 billion off his purse’

Industrialist Anil Ambani continues to be on the focus of US magazine Forbes but this time around for topping the list of ‘Billionaire Blowups of 2008′ by virtue of turning the biggest loser of wealth in less than a year of being touted as the biggest gainer in the world.
"The biggest loser of all was Anil Ambani. Touted on the cover of our 2008 billionaires issue for having added 24 billion dollars to his fortune in one year, Ambani has dropped $30 billion since then," the report said.

The report further added that three of "his fellow countrymen — estranged brother Mukesh, steel tycoon Lakshmi Mittal and Indian K P Singh, all of whom ranked earlier among the world's 10 richest — lost more than $20 billion apiece."

Noting that 2008 was "a dreadful year for the world's wealthiest as markets and currencies around the world tumbled," Forbes said that over 300 of the 1,125 billionaires have lost at least $1 billion since March.