Chris Hughes, 28
Estimated net work: $700 million
How he made his money: The Internet
Pet causes: Jumo, New Republic
Back in 2003, Chris Hughes teamed up with fellow Harvard undergrad Mark Zuckerberg to start a website they called “The Facebook.” Nearly a decade later, the company that practically is the Internet has given Hughes and fiancé Sean Eldridge a more-than-comfortable nest egg.
But Hughes didn’t just rest on his laurels: He served as president-hopeful Barack Obama‘s social-media point person in 2008 and, in 2010, founded the charity-networking site Jumo. In March 2012, Hughes became the new publisher of The New Republic after buying a majority share in the magazine. He didn’t make the move to accrue more wealth because, well, no one’s gonna make money on a print magazine these days. “Profit per se is not my motive,” Hughes told The New York Times about the new venture. “I believe in the type of vigorous contextual journalism that—we in general as a society—need.” You can bet this towheaded Internet wunderkind will be throwing his editorial weight into the upcoming presidential race.
Photo via USV