Meet next-gen tech billionaires

Meet next-gen tech billionaires

Read from Indiatimes
Who says those billions accompany with grey hairs. Meet our next-gen tech billionaires, young, sassy and of course still to go grey. And mind you, we are not talking about rich heirs or those born with a silver spoon.

Part of Forbes Next-Gen Billionaires, these young czars boast of all traits that make our revered grey-haired flock: ambition, passion and aggression.

Most of these soon-to-be-billionaire techies owe their status to the Internet. While one is the name behind Japan's most popular social networking site, other is the founder of Bebo. Also on the list is venture capitalist.


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One of the leading next-gen billionaires are Michael and Xochi Birch, founder's of the popular networking site Bebo. Together the couple command a net worth of $600 million.

Born in 1970, Michael Birch is a computer programmer turned entrepreneur. Married to his college sweet heart Xochi Birch, Micahel founded BirthdayAlarm.com in 2001, along with his brother Paul. The idea was to provide a simple way for people to remember birthdays.

In 2002, England-bred moved to San Francisco where he started Ringo.com which was later sold to tickle.com.

The biggest milestone came in January 2005 when the duo launched social networking site Bebo, which saw its official launch a few months later in July. With over 40 million users, Bebo has today surpassed erstwhile no.1 social network MySpace in several countries.

Later this year (March 2008), the couple sold Bebo to AOL in a $850 million deal, which got them a profit of $595 million. In June 2008, Michael invested in online shop, MyStore.com and joined its board.

He graduated from Imperial College London in BSc Physics.