Monday, October 31, 2011

Billionaires!


Forbes.com recently submitted an article naming 20 of the nation’s youngest billionaires. Most of which happen to have a connection to social media or some type of online accomplishments. Four out of the Five Facebook founders made the list:

Mark Zukerberg- billionaire at age 24
Eduardo Saverin- age 29
Sean Parker- age 31
Dustin Moskovitz- age 27

Seven other young billionaires joined the list with connections to social media, online, etc such as YAHOO, LinkedIn, Zynga (Farmville), and Internet portals.

Investors such as Warren Buffett and John Arnold still dominate the list. They’ve seem to have made fortunes without re-inventing a social media. However, I’m sure they pay close attention to new networking sites, and may even have investments in a few.

And we can’t forget Bill Gates. He’s still going strong in Forbes Magazine. Now the rest of us just need to find out what these people are doing, and do it better!
Dustin Moskovitz

  • Age: 27
  • Net worth as of September 2011: $3.5 billion
  • Source: Facebook, self-made
  • Residence: San Francisco
  • Country of citizenship: United States
  • Education: Harvard University dropout
  • Marital status: Single

Check this article out for pictures and more details.http://money.msn.com/investing/youngest-american-billionaires?cp-documentid=6868655

Get Online & Get a Job

Dan Schawbel's article titled, 5 Reasons Why Your Online Presence Will Replace Your Resume in 10 yearshttp://www.forbes.com/sites/danschawbel/2011/02/21/5-reasons-why-your-online-presence-will-replace-your-resume-in-10-years/2/ gives job seekers a head's up to consider all possibilities to gain a competitive edge when applying for jobs. Schawbel recommends to first establish an online presence and domain through a personal website using yourfullname.com. Hardcopies and interviews are in the past and social media and online presences swooping in for replacement. Schawbel's 5 reasons to support this movement are:
1. Social networking use is skyrocketing while email is plummeting
2. You can’t find jobs traditionally anymore
3. People are managing their careers as entrepreneurs
4. The traditional resume is now virtual and easy to build
5. Job seeker passion has become the deciding factor in employment

After reading this article it opens my mind to the many possibilities to consider when I do hiring at my current job. In a sense this technique would be very helpful by allowing me to search for applicants on my time and getting a feel for a person as a whole. On the downside, I do not want to take the time to search out an average employee. I would be more impressed if approached by a prospect. In working in retail confidence is a big key to selling and connecting with customers. Confidence can only be presented on paper, well in this case, online to an extent. At some point I need to draw the line and have human contact. So will resumes be eliminated and online profiling becoming acceptable? I think it already has? However it always takes certain segments of the business world to time to fully accept and change.