40 Under 40 Rich List In The AI Sector: Wealthiest Young Innovators from Europe
As of April 2023, AI companies have witnessed a notable surge of 30% or higher in their net worth since 2021, as reported by Forbes. Mindstream, a renowned AI news hub, has recently disclosed its yearly compilation of the “40 Under 40 Richest People in AI” list, showcasing the influential role played by Europe’s top entrepreneurs in propelling technological advancements.
The list of 40 under 40 shows that Europe has emerged as a key player in the global AI sector, showcasing a group of young innovators whose combined net worth of £74 billion ($94 billion) surpasses that of the United States at £14 billion ($18 billion) and Australia at £10 billion ($18 billion). This underlines the significant influence of European innovators on the worldwide AI landscape, serving as an inspiration for future generations of tech pioneers.
Top 5 of 40 Under 40 Rich List In The AI Sector
Leading the pack is Jude Gomila, a 39-year-old entrepreneur from London, boasting a net worth of approximately £39 billion ($51 billion). His AI startup, Golden.com, has garnered widespread recognition within the sector, demonstrating the vast potential of AI-driven businesses.
In second place is Pavel Durov, often dubbed as the Zuckerberg of Russia, with a net worth of around £12 billion ($15 billion) at the age of 39. His messaging platform, Telegram, has reshaped the digital realm with its cutting-edge AI functionalities, offering a glimpse into the promising future of AI technology.
Occupying the third position are the Collison brothers, John (33) and Patrick (35), with net worths of approximately £5 billion ($7 billion) each. These Irish entrepreneurs have leveraged AI and machine learning to propel their e-commerce venture, Stripe, to unprecedented heights of success.
The fourth wealthiest and youngest European on the list is 20-year-old Italian Clemente del Vecchio, who inherited around £3 billion ($4 billion) in shares from his family business, EssilorLuxottica, renowned for its smart eyewear solutions. He ranks as the sixth richest individual in the global AI industry under the age of 40.
The Full List of 40 Under 40 Richest People in AI Sector:
| Ranking | Name | Age | Net worth | Source Of Wealth | Country |
| 1 | Jude Gomila | 39 | $51Billion | Golden.com | USA |
| 2 | Pavel Durov | 39 | $15.5 Billion | Telegram Messenger | Russia |
| 3 | John Collison | 33 | $7.3 Billion | Stripe | Ireland |
| 4 | Patrick Collison | 35 | $7.2 Billion | Stripe | Ireland |
| 5 | Marita Cheng | 35 | $5 Billion | Aubot | Australia |
| 6 | Clemente del Vecchio | 20 | $4.8 Billion | EssilorLuxottica | Italy |
| 7 | Michal Strnad | 31 | $4.5 Billion | Czechoslovak Group (CSG) | Czech Republic |
| 8 | Cliff Obrecht | 38 | $4.4 Billion | Canva | Australia |
| 9 | Melanie Perkins | 37 | $4.4 Billion | Canva | Australia |
| 10 | Evan Spiegel | 33 | $3.7 Billion | Snapchat | USA |
| 11 | Sriharsha Majety | 38 | $3.6 Billion | Swiggy | India |
| 12 | Bobby Murphy | 35 | $3.5 Billion | Snapchat | USA |
| 13 | Chen Tianshi | 39 | $3.1 Billion | Cambricon Technologies | China |
| 14 | Chen Tianshi | 39 | $2.7 Billion | Revolut | London, UK |
| 15 | Dylan Field | 32 | $2 Billion | Figma Inc | USA |
| 16 | Johnny Boufarhat | 29 | $1.9 Billion | Hopin | UK |
| 17 | Austin Russel | 29 | $1.7 Billion | Luminar | USA |
| 18 | Joe Lau | 34 | $1.5 Billion | Alchemy | USA |
| 19 | Nikil Viswanathan | 36 | $1.5 Billion | Alchemy | USA |
| 20 | Ivan Zhao | 37 | $1.5 Billion | Notion | Canada |
| 21 | Chris Wanstrath | 39 | $1.4 Billion | GitHub | USA |
| 22 | Brett Adcock | 37 | $1.4 Billion | Figure | USA |
| 23 | Baiju Bhatt | 39 | $1.3 Billion | Robinhood | USA |
| 24 | Roy Reznik | 35 | $1.2 Billion | Wiz | Israel |
| 25 | Martin Klenk | 37 | $1.2 Billion | Celonis | Germany |
| 26 | Stanley Tang | 32 | $1.2 Billion | DoorDash | USA |
| 27 | Andy Fang | 33 | $1.2 Billion | DoorDash | USA |
| 28 | Kim Jung-min | 22 | $1.2 Billion | Nexon | South Korea |
| 29 | Kim Jung-youn | 20 | $1.2 Billion | Nexon | South Korea |
| 30 | Matei Zaharia | 39 | $1.2 Billion | Databricks | Romania |
| 31 | Alexander Rinke | 35 | $1.1 Billion | Celonis | Germany |
| 32 | Wu Xubo | 39 | $1.1 Billion | ZX Inc | China |
| 33 | Shunsaku Sagami |
…
Michal Strnad, a 31-year-old individual from the Czech Republic, holds the position of the fifth wealthiest European. With a net worth of approximately £3 billion ($4 billion), he is also recognized as the seventh richest young person in the field of artificial intelligence globally. Michal’s wealth stems from his ownership of Czechoslovak Group (CSG), a multifaceted industrial-technological conglomerate specializing in aerospace software production.
Nikolay Storonsky, a 39-year-old from London, is the sixth richest individual in the European AI sector and ranks 14th globally, boasting a net worth of approximately £2 billion ($2 billion). The majority of his wealth comes from his AI-driven digital bank, Revolut.
Johnny Boufarhat, a self-made billionaire from the UK, is the youngest AI billionaire in Europe, ranking 16th worldwide at just 29 years old. With a net worth of around £1 billion ($1 billion), he accumulated his wealth through his Generative AI and Live Engagement platform, Hopin.
A representative from Mindstream commented, “The year 2023 marked a pivotal moment as AI gained mainstream recognition and fueled substantial economic expansion. The list of wealthy individuals underscores the immense opportunities available for those at the forefront of technological innovation, particularly in the AI industry.”
