Wednesday, March 21, 2012

Zynga buys startup behind hit "Draw Something" game

Social games star Zynga on Wednesday said it has bought the young company behind a playful \

Social games star Zynga on Wednesday said it has bought the young company behind a playful "Draw Something" application that rocketed in popularity in recent weeks.
Zynga did not disclose how much it paid for New York City-based OMGPOP but unofficial estimates valued the deal at approximately $200 million.
"We want people to play our games and feel a fun and valuable social connection to their friends and family," said Zynga chief mobile officer David Ko.
"We think 'Draw Something' is one of the most social, most expressive mobile games ever built with its unique social competition and unmatched player generated content."
OMGPOP and its 40-person team will become Zynga's New York office and be led by the six-year-old startup's chief executive Dan Porter.
"With Zynga it is about creativity, but it is also about the most brilliant engineers that can scale games," Porter said in a conference call with reporters.
"We brought 'Draw Something' this far, but now to do things like put it in 20 languages amplifies the situation."
OMGPOP's drawing game for smartphones or tablet computers became a rage in recent weeks, unseating Zynga titles 'Words with Friends' and 'Cityville' from longtime thrones at the top of charts for mobile "apps."
Industry tracker AppData reported that 13.3 million people a day used "Draw Something," a game in which players take turns sketching images on smartphone or tablet screens and then guessing what the drawings represent.
There is an ad-supported free version of the game, and an ad-free app that sells for $1.99.
"A little over six weeks ago we released 'Draw Something' and it has been an incredible and wild ride ever since," Porter said.
The game "app" has been downloaded more than 35 million times and players draw a total of a billion pictures each week, according to Porter.
"Draw Something" is the most popular word game mobile application in 84 countries, according figures from Apple's online App Store.
"Zynga really got what made this game special," Porter said. "This has the potential to be a great partnership."
Zynga stock price rose more than two percent to $13.72 after the acquisition was announced. 
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Computers&wisdoms of life


 Memory is the treasury and guardian of all things. ”
— Cicero
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Saturday, March 17, 2012

China smartphone market 'to overtake US

Average price of a non-Apple smartphone in China sold for $324 excluding telco subsidies last year

China is set to be the biggest smartphone market this year after shipments in the second-half of 2011 outstripped the US, a technology research firm said.
Figures by US-based International Data Corporation (IDC) indicate China will account for 20.7 percent or almost 137 million units of the global smartphone market from 18.2 percent in 2011.
In contrast, the US share of the overall market is expected to decline to 20.6 percent this year from 21.3 percent in 2011, said IDC, which is projecting 660 million smartphones will be shipped in 2012.
"(China) smartphone shipments are expected to take a slim lead over the US in 2012 before the gap widens in the coming years," said Wong Teck Zhung, IDC's regional senior market analyst with the client devices team.
"There will be no turning back this leadership changeover."
Much of the growth in smartphone shipments in China, and also for the other emerging markets such as India and Brazil, are being fuelled by mobile handsets running on Google's Android platform, said IDC.
"A lot of the Android models in China are priced competitively," said Melissa Chau, IDC's regional research manager.
"That is actually driving the huge growth."
Chau said the average price of a non-Apple smartphone in China sold for $324 excluding telco subsidies last year while an iPhone retailed at a much higher $760. 
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Video games enter realm of art at Smithsonian

The exhibition comes nine months after the US Supreme Court said the First Amendment covered video games

Video games have come a long way since the first simple adventures of Mario and Pac-Man and now enter the realm of art in a major exhibition at the Smithsonian American Art Museum in Washington that celebrates gaming's rich creative side and the people behind a medium that's still in full bloom.
"The Art of Video Games" spans the 40 years since video games moved from amusement arcades into homes around the world, evolving in leaps and bounds with ever-more-sophisticated graphics, interactivity and story-telling.
"While this exhibition is not the first exhibition that actually uses video games, it is the first I believe that actually looks at video games themselves as an art form," curator Chris Melissinos told AFP.
"This is not about the art within video games," said Melissinos, an avid gamer since he was a 10-year-old in his native New York borough of Queens. "This is about video games themselves as an artistic medium."
The exhibition comes nine months after the US Supreme Court said the First Amendment covered video games, in a landmark ruling that put them on a part with books and other forms of artistic expression.
Bathed in red and blue lighting, and appropriately next to a Nam June Paik video installation, "The Art of Video Games" spotlights 80 hit games created for 20 different gaming systems, from the Atari VCS of the 1970s to today's PlayStation 3, that Melissinos calls "the touchstones of their generation."Five games -- "Pac-Man," "Super Mario Brothers," "The Secret of Monkey Island," "Myst" and "Flower" -- are booted up with their original joysticks and motion controllers for visitors to play on wall-sized screens.
Long-obsolete consoles like the ColecoVision that powered "Donkey Kong" and the Commodore 64 that made "Attack of the Mutant Camels" possible are encased in Plexiglass display boxes like pharaonic Egyptian artifacts.
"When hardcore gamers come in here, they're going to go, 'Yes, these are the correct games to represent these different eras'," said Chris Kohler, gaming editor of Wired.com and an advisor to the exhibition.
"But when non-gamers come in, I think they're really going to get an education into the art form that this medium really truly is, and has become, and how it has evolved," he told AFP.
In-gallery videos tackle the past, present and future of gaming through interviews with 20 influential figures in the gaming world; the videos also feature on the exhibition's website (www.americanart.ci.edu).Notable among the innovators is Jenova Chan, who tells how rural California inspired him to create "Flower," in which the player swooshes through Van Gogh-like fields like the wind, picking up flower petals along the way.
"I grew up in Shanghai... I had never seen a rolling hill," says Chan in the his video interview.
"So when I came to California, I saw these farms, endless green, the windmills. I wanted to capture that because it's so overwhelming. It's like a person that has never seen the ocean going to the beach for the first time."
"Games just aren't about blowing things up," says another interviewee, game developer Jennifer MacLean, who personifies the little-known fact that a big segment of those who create online games today are women over 35.
"I'd love to see them enrich somebody's life by helping them learn to feel more, lean to love more, learn to invest more in the world around them."
A richly illustrated 216-page catalog rounds out the exhibition that opens alongside GameFest!, a weekend of talks, open game playing and game-inspired music, and runs until September 30 before touring 10 other US cities. 
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Friday, March 9, 2012

Bizness Quotes: motivations

Running a business is like riding on a roller coaster. Although it is fun and exciting, there will be times when you’ll be scared and feel powerless. During the bad times there isn’t much you can do, other than to keep on pushing forward.
So in that spirit, here are 101 quotes that will motivate you to push forward.
  1. The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer. – Nolan Bushnell
  2. My son is now an ‘entrepreneur’. That’s what you’re called when you don’t have a job. – Ted Turner
  3. Leadership is a potent combination of strategy and character. But if you must be without one, be without the strategy. – Norman Schwarzkopf
  4. The golden rule for every business man is this: “Put yourself in your customer’s place. – Orison Swett Marden
  5. I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them! – C.J. Walker
  6. The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it. – Debbi Fields
  7. Life is too complicated not to be orderly. – Martha Stewart
  8. The winners in life think constantly in terms of I can, I will, and I am. Losers, on the other hand, concentrate their waking thoughts on what they should have or would have done, or what they can’t do. – Dennis Waitley
  9. Business opportunities are like buses, there’s always another one coming. –Richard Branson
  10. Leadership is doing what is right when no one is watching. – George Van Valkenburg
  11. There is no royal, flower-strewn path to success. And if there is, I have not found it. For if I have accomplished anything in life, it is because I have been willing to work hard. – C.J. Walker
  12. Business is more exciting than any game. – Lord Beaverbrook
  13. Let every man be respected as an individual and no man idolized. – Albert Einstein
  14. We are currently not planning on conquering the world. – Sergey Brin
  15. If it really was a no-brainer to make it on your own in business there’d be millions of no-brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Nobody would be left to round out the workforce and execute the business plan. – Bill Rancic
  16. It takes more than capital to swing business. You’ve got to have the A. I. D. degree to get by — Advertising, Initiative, and Dynamics. – Ren Mulford Jr.
  17. For all of its faults, it gives most hardworking people a chance to improve themselves economically, even as the deck is stacked in favor of the privileged few. Here are the choices most of us face in such a system: Get bitter or get busy. – Bill O’ Reilly
  18. A man should never neglect his family for business. – Walt Disney
  19. The only limits are, as always, those of vision. – James Broughton
  20. To think is easy. To act is difficult. To act as one thinks is the most difficult. –Johann Wolfgang Von Goeth
  21. I like thinking big. If you’re going to be thinking anything, you might as well think big. – Donald Trump
  22. Nobody talks about entrepreneurship as survival, but that’s exactly what it is and what nurtures creative thinking. Running that first shop taught me business is not financial science; it’s about trading: buying and selling. – Anita Roddick
  23. To waken interest and kindle enthusiasm is the sure way to teach easily and successfully. – Tryon Edwards
  24. Your most unhappy customers are your greatest source of learning. – Bill Gates
  25. Success is often achieved by those who don’t know that failure is inevitable. –Coco Chanel
  26. The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time. – Henry Ford
  27. The good or ill of a man lies within his own will. – Epictetus
  28. I have known not a few men who, after reaching the summits of business success, found themselves miserable on attaining retirement age. They were so exclusively engrossed in their day to day affairs that they had no time for friend making. – B.C. Forbes
  29. The cynic says, “One man can’t do anything”. I say, “Only one man can do anything.” - John W. Gardner
  30. I feel that luck is preparation meeting opportunity. – Oprah Winfrey
  31. If there is such a thing as good leadership, it is to give a good example. –Ingvar Kamprad
  32. Sometimes when you innovate, you make mistakes. It is best to admit them quickly and get on with improving your other innovations. – Steve Jobs
  33. You’ve got to say, I think that if I keep working at this and want it badly enough I can have it. It’s called perseverance. – Lee Iacocca
  34. The desire of knowledge, like the thirst for riches, increases ever with the acquisition of it. – Laurence Sterne
  35. Success in business requires training and discipline and hard work. But if you’re not frightened by these things, the opportunities are just as great today as they ever were. – David Rockefeller
  36. Well, you know, I was a human being before I became a businessman. –George Soros
  37. Leadership is the art of getting someone else to do something you want done because he wants to do it. – Dwight Eisenhower
  38. If you did not look after today’s business then you might as well forget about tomorrow. – Isaac Mophatlane
  39. The great accomplishments of man have resulted from the transmission of ideas of enthusiasm. – Thomas J. Watson
  40. Yesterday’s home runs don’t win today’s games. – Babe Ruth
  41. Being able to touch so many people through my businesses and make money while doing it, is a huge blessing. – Magic Johnson
  42. Let us not look back in anger or forward in fear, but around in awareness. –James Thurber
  43. The trick is in what one emphasizes. We either make ourselves miserable, or we make ourselves strong. The amount of work is the same. – Carlos Castaneda
  44. The great leaders are like the best conductors – they reach beyond the notes to reach the magic in the players. – Blaine Lee
  45. To think creatively, we must be able to look afresh at what we normally take for granted. – George Kneller
  46. To the degree we’re not living our dreams; our comfort zone has more control of us than we have over ourselves. – Peter McWilliams
  47. The enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth-persistent, persuasive, and unrealistic. – John F. Kennedy
  48. Long-range planning works best in the short term. – Doug Evelyn
  49. The NBA is never just a business. It’s always business. It’s always personal. All good businesses are personal. The best businesses are very personal. –Mark Cuban
  50. You can fool all the people all the time if the advertising is right and the budget is big enough. – Joseph E. Levine
  51. A business has to be involving, it has to be fun, and it has to exercise your creative instincts. – Richard Branson
  52. The entrepreneur always searches for change, responds to it, and exploits it as an opportunity. – Peter F. Drucker
  53. No enterprise can exist for itself alone. It ministers to some great need, it performs some great service, not for itself, but for others.. or failing therein, it ceases to be profitable and ceases to exist. – Calvin Coolidge
  54. Live daringly, boldly, fearlessly. Taste the relish to be found in competition – in having put forth the best within you. – Henry J. Kaiser
  55. Winning is not a sometime thing; it’s an all time thing. You don’t win once in a while, you don’t do things right once in a while, you do them right all the time. Winning is habit. Unfortunately, so is losing. – Vince Lombardi
  56. In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential. It’s no different in the financial realm. – Suze Orman
  57. The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools. – Confucius
  58. The first one gets the oyster the second gets the shell. – Andrew Carnegie
  59. Hire character. Train skill. – Peter Schutz
  60. The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. –Bill Gates
  61. Look well to this day. Yesterday is but a dream and tomorrow is only a vision. But today well lived makes every yesterday a dream of happiness and every tomorrow a vision of hope. Look well therefore to this day. – Francis Gray
  62. Surviving a failure gives you more self-confidence. Failures are great learning tools.. but they must be kept to a minimum. – Jeffrey Immelt
  63. Whatever the mind of man can conceive and believe, it can achieve. Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into riches. – Napoleon Hill
  64. It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. – Charles Darwin
  65. Industry is the soul of business and the keystone of prosperity. – Charles Dickens
  66. I don’t pay good wages because I have a lot of money; I have a lot of money because I pay good wages. – Robert Bosch
  67. People are definitely a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps. – Mary Kay Ash
  68. In business, I’ve discovered that my purpose is to do my best to my utmost ability every day. That’s my standard. I learned early in my life that I had high standards. – Donald Trump
  69. In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. – Harold Geneen
  70. To be successful, you have to have your heart in your business, and your business in your heart. – Thomas Watson, Sr.
  71. The absolute fundamental aim is to make money out of satisfying customers. – John Egan
  72. There are a lot of things that go into creating success. I don’t like to do just the things I like to do. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favorite activities. – Michael Dell
  73. I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. – Alan Greenspan
  74. You must be the change you wish to see in the world. – Mahatma Gandhi
  75. Let’s be honest. There’s not a business anywhere that is without problems. Business is complicated and imperfect. Every business everywhere is staffed with imperfect human beings and exists by providing a product or service to other imperfect human beings. – Bob Parsons
  76. You need to be aware of what others are doing, applaud their efforts, acknowledge their successes, and encourage them in their pursuits. When we all help one another, everybody wins. – Jim Stovall
  77. The only way around is through. – Robert Frost
  78. You only have to do a very few things right in your life so long as you don’t do too many things wrong. – Warren Buffett
  79. The noblest search is the search for excellence – Lyndon B. Johnson
  80. The man who does not work for the love of work but only for money is not likely to neither make money nor find much fun in life. – Charles M. Schwab
  81. You must remain focused on your journey to greatness. – Les Brown
  82. Far and away the best prize that life offers is the chance to work hard at work worth doing. – Theodore Roosevelt
  83. Where there is an open mind, there will always be a frontier. – Charles F. Kettering
  84. Whether you think you can or whether you think you can’t, you’re right! –Henry Ford
  85. You must either modify your dreams or magnify your skills. – Jim Rohn
  86. Who likes not his business, his business likes not him. – William Hazlitt
  87. The new source of power is not money in the hands of a few, but information in the hands of many. – John Naisbitt
  88. The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed. – Henry Ford
  89. It’s through curiosity and looking at opportunities in new ways that we’ve always mapped our path at Dell. There’s always an opportunity to make a difference. – Michael Dell
  90. If you work just for money, you’ll never make it, but if you love what you’re doing and you always put the customer first, success will be yours. – Ray Kroc
  91. Winners take time to relish their work, knowing that scaling the mountain is what makes the view from the top so exhilarating. – Denis Waitley
  92. Management is nothing more than motivating other people. – Le Iacocca
  93. Motivation is the art of getting people to do what you want them to do because they want to do it. – Dwight D. Eisenhower
  94. The most serious mistakes are not being made as a result of wrong answers. The truly dangerous thing is asking the wrong question. – Peter Drucker
  95. Why did I want to win? Because I didn’t want to lose! – Max Schmelling
  96. To succeed in business, to reach the top, an individual must know all it is possible to know about that business. – J. Paul Getty
  97. To win without risk is to triumph without glory. – Pierre Corneille
  98. To succeed… You need to find something to hold on to, something to motivate you, something to inspire you. – Tony Dorsett
  99. Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business. – Zig Ziglar
  100. I wasn’t satisfied just to earn a good living. I was looking to make a statement. – Donald Trump
  101. Whether it’s Google or Apple or free software, we’ve got some fantastic competitors and it keeps us on our toes. – Bill Gates
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China set to Dominant the US in the Next Space Moon landing


Watch out, America. China is steadily catching up in space.
Between June and August this year, China plans to launch its manned Shenzhou-9 spacecraft and then rendezvous and dock with a space lab which has been orbiting the earth since September.
Three astronauts will undertake the voyage, but one of them will not board the space lab. He will remain inside the spacecraft as a precautionary measure in case of emergency.
It will be China's first crew expedition involving manual docking.
If all goes as planned, China will become only the third nation, next to the U.S. and Russia, to dock capsules in space.
"It demonstrates China's continued commitment to becoming a first-class space power with an independent space capability," says Taylor Fravel, associate professor at Massachusetts Institute of Technology (MIT). "This is very exclusive club."
China's space program goes farther.
"The Chinese manned space program has announced its plan on 20 future space voyages," wrote Zhou Erjie of the official Xinhua News Agency. "China also plans to establish its own space lab around 2016 and assemble a 60-ton manned space station around 2020, when the current International Space Station is estimated to likely retire."
China has also begun efforts to explore the moon using space robotics. The country's eventual goal is a manned lunar landing.
The Chinese exploration plans, announced in December, come as the United States has been scaling back its plans and funding for space exploration.
China's space program has become a campaign issue in the United States.
In recent debates among presidential aspirants in the Republican Party, candidates criticized America's flagging space program.
Mitt Romney called for a partnership among "corporate America as well as the defense network and others" to "create a plan that will keep our space program thriving and growing."
Newt Gingrich cited China's soaring ambitions.
"Every serious analyst understands that the Chinese are going all out to dominate space," Gingrich said. "I would like to have an American on the moon before the Chinese get there."
To be sure, China is still decades away from a moon-landing.
Chinese officials speak of a three-step manned space flight plan: send man into orbit, dock spacecraft together to form a small space lab, and ultimately build a large space station.
"They are currently in step two," says Joan Johnson-Freese of the U.S. War College. "For comparative purposes, it's about where the U.S. was during the Gemini program."
China has been striving to put man into orbit since 1992.
China has developed its own spaceship, the Shenzhou, or Divine Vessel, which observers say resembles Russia's Soyuz space capsule.
Over the years, it has upgraded its launch vehicles, built new spaceflight facilities and trained a stable of astronauts.
Still, China did not put a man in space until 2003, 41 years after John Glenn became the first American to orbit earth.
That year, Colonel Yang Liwei orbited the Earth 14 times aboard the Shenzhou 5 space capsule.
Yang became an instant celebrity, paraded around the country and overseas. Several months later, he was promoted to general.
Yang's voyage has enhanced China's image overseas and boosted national pride at home. Only Russia, the United States and China have sent men into space.
Before that, China's space program was largely seen as capable but lacking in sophistication.
I saw that myself up close.
In August 1997, I had the rare chance of visiting the Xichang Satellite Launching Center in rural Sichuan province to observe the launch of Mabuhay, the first Filipino communications satellite.
Inside a windowless building, we watched Chinese staff work frenetically behind rows of computers and panels.
They struck me as quite unassuming in their white wrinkled robes that made them look MORE like doctors in a hospital ward than aerospace experts.
There was palpable anxiety before the launch.
Two years earlier, a rocket exploded in this launch site after liftoff and killed several people on the ground.
This time, when the Chinese-made rocket rumbled skyward, the crowd in the hall cheered.
The glitch-less launch restored China's reputation and self-confidence.
Over the years, China has been vying for a bigger slice of the lucrative satellite-launch market.
China also looks to harness aerospace technology for trickle-down spinoffs in telecommunications, weather forecasting, agriculture, medicine and navigation.
Experts say the upcoming launch will place China close to putting a space station in orbit. Such a station, a la ISS, will enable China to conduct scientific and military research.
Experts say the Chinese could use the station to conduct biological, genetic and energy research. At the same time, they could also use it as a platform to spy on potential adversaries or to develop lasers capable of blinding or disabling other satellites.
The Chinese space program is largely run by government-owned enterprises or military-affiliated groups. Many of the pilots, scientists and engineers are active or demobilized army officers.
China promises to never use space research for military purposes. "A rapidly developing space industry does not mean China has renounced its commitment to peace," says Qi Faren, the chief designer of the Shenzhou spaceship series. "All China is doing is to pursue a peaceful development of the space industry as planned."
Still, experts say, the U.S. remains concerned about Chinese space activities. "Over 95% of space technology is dual use, meaning of value to both civil and military communities," says Joan Johnson-Freese of the U.S. War College. "While the U.S. is still far ahead of China technically, China has something critical that the U.S. does not—the political will to push forward."
If the trajectory remains unchanged, experts say, China's space activities may well surpass those of Russia and the European Space Agency within a decade or so. That will position China just next to the U.S. as a dominant space power.
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Thursday, March 8, 2012

Youngest Billionaires in the World: The facebook 4

This article was featured in forbe publication 2012.
Oh, to be young and rich.
No matter how much money Carlos Slim, Bill Gates, and Warren Buffett have, there’s one thing they can’t buy: youth. There are an elite few who want for neither money nor time, youngsters in their 20s and 30s who have already amassed or inherited more money than they could hope to spend in a lifetime.
The youngest billionaire in the world is 27-year-old Dustin Moskovitz, Facebook’s third employee. Moskovitz was a roommate of Facebook founder Mark Zuckerberg, who happens to be only 8 days older. The duo dropped out of Harvard and moved to Silicon Valley together to launch the fledgling social network. Now a world-wide phenomenon, Facebook is set to IPO in 2012, which could further boost the fortunes of the two youngest billionaires.
Neither Moskovitz nor Zuckerberg have let their burgeoning wealth change them too much. Moskovitz left Facebook in 2008 to start Asana, a collaboration and messaging software company where stated values  include “being a mensch” and “chill-ness.” He signed onto the Giving Pledge in 2010, and is now establishing Good Ventures, a foundation with his live-in girlfriend and former journalist Cari Tuna. Moskovitz, who often bikes to work and flies commercial, says his wealth has not changed his lifestyle much: “I used to be really anxious about money. I got that from my parents. I still am, for entirely different reasons.”Zuckerberg, still the head of Facebook, remains eccentric. He pledged $100 million to the schools in Newark, NJ and vowed through 2011 to only eat meat that he killed himself. Despite the coming IPO, he spent a relatively modest $7 million for a Palo Alto house, where he and his longtime girlfriend, Priscilla Chan, now live.
Two others products of Facebook are in the top ten youngest. Eduardo Saverin, 30, was immortalized in the movie The Social Network, in which he was depicted being betrayed by Zuckerberg. After a lawsuit, Saverin ended up with 5 percent of the company, more than enough to catapult him into the billionaire ranks. Sean Parker, co-founder of music piracy site Napster and former Facebook president, is also only 31 years old. He jumped from Facebook to the next big thing in online music, Spotify.
Of the rest of the 20 youngest, only two are women — and both inherited, rather than built their fortunes. Yvonne Bauer, 34, is the fifth generation of her family to run a German mass-media company started in 1875. The $1.7 billion (sales) group that her father handed over to her in 2010 publishes magazines in 15 countries worldwide including the U.S., Mexico, Russia and China. Yang Huiyan, 30, is the main shareholder in Country Garden Holdings of Guangzhou, one of China’s largest property developers. The company’s chairman is Yang’s father, Yeung Kwok Keung, who transferred his holding to her before the company went public in Hong Kong in 2007. She graduated from Ohio State University with a degree in marketing and logistics, but is rarely seen in public.
In addition to Bauer, there are three more newcomers among the youngest 20 billionaires. Robert Pera, 34,  is a former Apple engineer who struck out on his own in 2005 with the goal of bringing affordable internet access to the world’s emerging markets. Pera said, ”Apple’s a great company, but I realized I wanted to have more success faster.” Six years later, Pera became a billionaire when his Ubiquiti Networks went public in October 2011.
New billionaire Maxim Nogotkov, 35, also comes from the world of computers. He got his start selling computer programs and cell phones while in school, but dropped out of college in order to have more time to focus on building his business. By 2000 he was trading cell phones wholesale and he later founded cell phone retailer Svyaznoy. The privately held company is now the second-largest cell phone retailer in Russia.
Chase Coleman, 36, eclipsed John Arnold this year as the youngest billionaire hedge fund mogul. A direct descendant of Peter Stuyvesant, the last Dutch governor of New York, Coleman grew up with old money and grew his net worth exponentially as head of the Tiger Global hedge fund with more than $6 billion in assets. The Williams grad and protege of legendary investor Julian Robertson set out on his own in 2001, prospering on well-known technology stocks such as Apple and Priceline as well as pre-IPO shares in Facebook and LinkedIn.
source: forbes magazines
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comput&billionaire: Forbes Billionaires Hall Of Fame

his is an expanded version of a story that appears in the March 26, 2012 issue of Forbes Magazine.
To flip through the original Forbes Billionaires issue is to tour the titans of capitalism’s past. And I don’t simply mean the 140 billionaires we identified in 1987, the vast majority of whom have since passed on or fallen from the ranks. From extinct behemoths such as Pan Am to doomed upstarts like Financial News Network, that original magazine’s ad pages serve as a testament to the fact that success is often fleeting. Yet to also encounter familiar trademarks such as DuPont and IBM demonstrates that prudent discipline and shrewd management, along with more than a little luck, are proven guards against time and market forces.
For our 25th anniversary Billionaires issue, we identified just 24 individuals with this unique brand of staying power. Not only were these 24 current Forbes Billionaires inaugural members of the list back in 1987, they also qualified for each and every edition in between. Members of the Forbes Billionaires club for a quarter-century straight, they are true legends of capitalism.The man at the top of the hall of fame list may be surprising at first glance, until one recalls that Microsofthas been a public company since March of 1986 and Bill Gates has grown up from tech wunderkind to middle-aged philanthropic revolutionary. Despite the fact that Gates’ charitable giving is rapidly approaching the $30 billion mark, he can’t seem to give it away fast enough; from his debut in 1987, Gates’ fortune has grown to 48.8 times its original size, from $1.25 billion to $61 billion today.
Gates’ Giving Pledge partner is also a bona fide Forbes legend. From a 1987 fortune of $2.1 billion, Warren Buffett now sits atop a $44 billion pile. Buffett, however, has developed a habit of giving away billions of dollars each year via the transfer of Berkshire Hathaway stock to charitable foundations. And if he now attempts a personal bailout of the United States Treasury as his political opponents have suggested he do, Buffett may not be in the Forbes hall of fame much longer. For the time being, however, Buffet’s focus is on affecting positive change, primarily through the Bill & Melinda Gates Foundation.
The third and final Giving Pledge signatory to appear on our legends list is the current scion of one of America’s most historic industrial families: the Rockefellers. David Rockefeller Sr. is the only living grandson of Standard Oil founder John D. Rockefeller. While Standard was busted up by the federal government way back in 1911, the current patriarch has put the family money to work in industries such as banking and New York City real estate.
It’s not only American heirs whose wealth has stood the test of time. Liliane Bettencourt of France, whose father Eugene Schueller founded L’Oreal in 1907, remains the legal master of a $24 billion fortune, up from $1 billion in 1987. Japanese real estate mogul Eitaro Itoyama maintains a $2.9 billion empire, consisting primarily of nine golf courses and a driving range inherited from his father. However, if Itoyama held similar properties in the United States as opposed to Japan, he’d likely be worth well under $1 billion, as premium courses only fetch in the neighborhood of $20 million in the States. Luckily for Itoyama, his courses are collectively estimated to be worth more than $2.7 billion in land-strapped Japan.Though he has a quarter-century of membership in the Forbes Billionaires club under his belt, Itoyama’s fortune may not be quite as resilient as that fact suggests. We must keep in mind that the United States’ currency has undergone significant devaluation over the past 25 years. And while Itoyama’s net worth has fallen by just $100 million in nominal terms, from $3 billion in 1987 to $2.9 billion in 2012, his fortune has been more than halved in real terms. Itoyama’s current $2.9 billion is equal to approximately 1.45 billion 1987 dollars, the loss of real value due largely to the crash of the Japanese real estate market in the early 1990s and Japan’s subsequent “lost decade.”
But whether we measure in nominal or inflation adjusted dollars, Itoyama qualifies as a member of the Forbes Billionaires hall of fame. Other legends, such as Britain’sDavid Sainsbury, only make it in nominal terms. Sainsbury’s great-grandfather founded the supermarket chain Sainsbury’s in 1869, from which the current Baron Sainsbury of Turville’s fortune is derived. Worth $1.6 billion in 1987, Sainsbury’s fortune has shrunk to $1.1 billion today. In terms of purchasing power, that $1.1 billion is the equivalent of 550 million 1987 dollars, a 65% decrease in real terms.
While the majority of Forbes hall of famers landed in the billionaires’ club thanks to inheritance, among the remainder are risk-takers adept not only at creating, but also maintaining epic fortunes. In addition to the aforementioned Bill Gates, entrepreneurs such as Hong Kong’s Li Ka-shing have stood the test of time. After fleeing China in 1940, Li was working full-time to support his family by age 12. Once he landed an apprenticeship in a watch-strap factory Li never looked back, minting his first of many millions manufacturing plastic flowers. From an entry point of $1.6 billion, Li is now worth $25.5 billion, enough to make him the wealthiest man in all of Asia.
Some faces you might expect to see are absent from the Forbes Billionaires hall of fame. For a select few, this is because they achieved billionaire status just one year too late to qualify. Having missed the 1987 billionaires list, but appearing in each and every subsequent edition, are nearly legends David and Charles Koch, now worth $25 billion each, Sumner Redstone, currently valued at $4.4 billion and Ronald Perelman, whose fortune has grown from $1 billion in 1988 to $12 billion today.
source: forbes magazine
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